The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.
Wall Street Analyst Weigh In
GS has been the subject of several research analyst reports. Credit Suisse Group set a $415.00 price objective on The Goldman Sachs Group in a research note on Tuesday, July 19th. Barclays lowered their price target on The Goldman Sachs Group from $505.00 to $450.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 19th. Citigroup lowered their price objective on The Goldman Sachs Group from $400.00 to $360.00 in a research note on Tuesday, July 12th. Wells Fargo & Company lowered their price objective on The Goldman Sachs Group from $420.00 to $380.00 and set an "overweight" rating on the stock in a research note on Friday, July 1st. Finally, Piper Sandler reduced their target price on The Goldman Sachs Group from $430.00 to $410.00 and set an "overweight" rating on the stock in a research report on Friday, July 1st. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $413.92.
The Goldman Sachs Group Stock Performance
NYSE:GS opened at $347.91 on Thursday. The business has a 50 day moving average price of $307.20 and a 200 day moving average price of $323.47. The company has a market capitalization of $118.76 billion, a P/E ratio of 7.87, a PEG ratio of 0.76 and a beta of 1.39. The company has a debt-to-equity ratio of 2.34, a current ratio of 0.87 and a quick ratio of 0.87. The Goldman Sachs Group has a 1-year low of $277.84 and a 1-year high of $426.16.
The Goldman Sachs Group (NYSE:GS - Get Rating) last announced its earnings results on Monday, July 18th. The investment management company reported $7.73 EPS for the quarter, beating analysts' consensus estimates of $6.61 by $1.12. The firm had revenue of $11.86 billion for the quarter, compared to analysts' expectations of $10.70 billion. The Goldman Sachs Group had a return on equity of 15.89% and a net margin of 27.75%. The Goldman Sachs Group's quarterly revenue was down 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $15.02 EPS. Sell-side analysts expect that The Goldman Sachs Group will post 34.48 EPS for the current fiscal year.
The Goldman Sachs Group Announces Dividend
The business also recently announced a dividend, which was paid on Wednesday, August 10th. Shareholders of record on Tuesday, July 26th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Monday, July 25th. The Goldman Sachs Group's dividend payout ratio (DPR) is presently 18.09%.
Insider Buying and Selling at The Goldman Sachs Group
In other news, Director Goldman Sachs Group Inc sold 90,427 shares of the firm's stock in a transaction on Tuesday, May 17th. The stock was sold at an average price of $19.16, for a total transaction of $1,732,581.32. Following the sale, the director now owns 3,130,987 shares in the company, valued at $59,989,710.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 1,320,622 shares of company stock worth $25,684,252. 0.57% of the stock is owned by insiders.
