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NYSE:GS

The Goldman Sachs Group - GS Stock Forecast, Price & News

$321.07
+2.63 (+0.83%)
(As of 03/29/2023 12:34 PM ET)
Add
Compare
Today's Range
$318.68
$322.71
50-Day Range
$303.54
$375.10
52-Week Range
$277.84
$389.58
Volume
537,824 shs
Average Volume
3.05 million shs
Market Capitalization
$107.17 billion
P/E Ratio
10.68
Dividend Yield
3.11%
Price Target
$396.07

The Goldman Sachs Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
23.7% Upside
$396.07 Price Target
Short Interest
Healthy
1.52% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.10mentions of The Goldman Sachs Group in the last 14 days
Based on 53 Articles This Week
Insider Trading
Selling Shares
$26.41 M Sold Last Quarter
Proj. Earnings Growth
17.57%
From $32.72 to $38.47 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.26 out of 5 stars

Finance Sector

53rd out of 892 stocks

Security Brokers & Dealers Industry

3rd out of 25 stocks


GS stock logo

About The Goldman Sachs Group (NYSE:GS) Stock

The Goldman Sachs Group, Inc. was founded in 1869 by Marcus Goldman as an investment bank catering to institutions and businesses. Among the firm's first products are the revolutionary use of commercial paper for entrepreneurs which opened a new method of finance for business and industry.

The original firm expanded to Goldman Sachs in 1882 with the inclusion of son-in-law Samuel Sachs and again in 1885 with a son and another son-in-law. The firm joined the New York Stock Exchange in 1896 expanding into trading of its own and in 1898 it was worth $1.6 million. The company began its work in the IPO market in 1906 with the initial public offering of Sears, Roebuck & Co., and then moved on to Ford and other prominent names of the time.

The 1930s brings a change of leadership and a new direction for the firm. The company shifted toward a purer play on investment banking and embarks on a campaign of acquisition that lasted until the present day. The company doesn’t go public itself until 1999 and from that point on it will change into a bank holding company that not only offers investment banking services but takes deposits too, and in 2016 the company added consumer banking to its list of services.

Today, Goldman Sachs is a financial institution that provides a range of financial services for corporations, institutions, governments, and individuals globally. The company operates through four segments that include Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. According to US banking regulations, it is systemically important to the financial health of America.

The company is headquartered in New York, New York, and operates 6 regional headquarters as well. Regional headquarters are located in financial hotspots such as London, Hong Kong, Tokyo, Bangalore, and Warsaw. Among its many prominent CEOs are John Corzine and Hank Paulson who both went on to successful work in government.

The company's Investment Banking segment provides a full range of financial advisory services as well as underwriting for the public markets. The financial advisory services include but are not limited to strategic advisory for mergers and acquisitions, divestiture, restructuring, and spin-offs. This segment is also engaged in middle-market lending and transaction banking. Underwriting services include IPOs, preferred stock, debt instruments, and bridge loans.

Goldman Sachs Global Markets segment facilitates market transactions for institutions, banks, brokerages, corporations, and governments. Services include execution, derivatives, financing, clearing, settlement, and custody.

The Asset Management segment manages client portfolios across the investment spectrum while the Consumer & Wealth Management segment provides advisory and banking services to consumers.

 

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GS Stock News Headlines

These Indicators Are Pointing To a Rally In Bank Of America, Soon (GS)
Recent banking sentiment has been dominated by bears, bringing banking stocks down with it. Bank of America is one stock that has upside potential in this storm
Samsara is an IoT, Big Data, and AI Triple Threat (GS)
A look at the stock symbol of Samsara, Inc. (NYSE: IOT) defines what the company does, internet-of-things (IOT). The IoT comprises a network of connected
Fed's Shocking New Plan to Control Your Money
The Federal Reserve has a disturbing plan that is getting ready to roll out as soon as May. This is a lot more than printing trillions of dollars or manipulating interest rates. It's about every checking account, every purchase and every money transfer in America — including yours and mine. 
The End of Coca Cola's Compressed Margins (GS)
Coca cola headwinds may be behind for the company as oil targets are lowered by Goldman Sachs, increased sales potential in China may bring on further growth
Bonds are a Safe Haven Again, Still Time to Buy? (GS)
Bonds are a safe haven as the flight to safety is on, but is there still time to buy? The answer will depend on your opinion of the economy.
Can SVB Collapse Cause Credit Downgrades at Etsy? (GS)
Recent collapse at Silicon Valley Bank may have been a close call for Etsy, however actions by the U.S. FED may give way for "event driven" investors to profit
The gold catalyst we’ve waited for
If you thought the SVB meltdown was bad… watch out. Because even bigger red flag just appeared. This signal proves that a recession is likely right around the corner. It will take most by surprise. Stocks will crash. Millions will go jobless, and lose their homes. But there is ONE important step you should take today to make sure you come out the other side OK.
Yeti Stock Clobbered by Normalization and Voluntary Recalls (GS)
Durable outdoor products manufacturer Yeti Holdings, Inc. (NYSE: YETI) stock has struggled to hold gains as voluntary product recalls caused charges and sales
Is American Lithium a Safe Bet as Demand for Lithium Soars (GS)
Many investors are looking at lithium stocks and American Lithium offers investors a home-field advantage that may be the key to its success.
Helmerich & Payne Stock, A Lot More Upside Than Meets the Eye (GS)
Massive investor benefits coming to HP, along with a revised prediction for higher oil prices pushing further alpha in the stock's target price.
Goldman Sachs maintains Antengene at Buy
See More Headlines
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GS Company Calendar

Ex-Dividend for 12/29 Dividend
11/30/2022
Dividend Payable
12/29/2022
Last Earnings
1/17/2023
Ex-Dividend for 3/30 Dividend
3/01/2023
Today
3/29/2023
Dividend Payable
3/30/2023
Next Earnings (Confirmed)
4/18/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
38141G10
Employees
48,500
Year Founded
1869

Price Target and Rating

Average Stock Price Forecast
$396.07
High Stock Price Forecast
$495.00
Low Stock Price Forecast
$290.00
Forecasted Upside/Downside
+24.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$11.26 billion
Pretax Margin
28.47%

Debt

Sales & Book Value

Annual Sales
$68.71 billion
Cash Flow
$41.74 per share
Book Value
$317.95 per share

Miscellaneous

Free Float
331,892,000
Market Cap
$106.30 billion
Optionable
Optionable
Beta
1.42

Social Links


Key Executives

  • David Michael Solomon
    Chairman & Chief Executive Officer
  • John Edward Waldron
    President & Chief Operating Officer
  • Denis P. Coleman
    Chief Financial Officer
  • Marco Argenti
    Co-Chief Information Officer
  • George C. Lee
    Co-Chief Information Officer













GS Stock - Frequently Asked Questions

Should I buy or sell The Goldman Sachs Group stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" GS shares.
View GS analyst ratings
or view top-rated stocks.

What is The Goldman Sachs Group's stock price forecast for 2023?

16 brokerages have issued twelve-month price targets for The Goldman Sachs Group's shares. Their GS share price forecasts range from $290.00 to $495.00. On average, they anticipate the company's stock price to reach $396.07 in the next twelve months. This suggests a possible upside of 24.4% from the stock's current price.
View analysts price targets for GS
or view top-rated stocks among Wall Street analysts.

How have GS shares performed in 2023?

The Goldman Sachs Group's stock was trading at $343.38 at the beginning of 2023. Since then, GS stock has decreased by 7.3% and is now trading at $318.44.
View the best growth stocks for 2023 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 4,370,000 shares, an increase of 8.4% from the February 13th total of 4,030,000 shares. Based on an average daily volume of 2,630,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 1.3% of the company's shares are short sold.
View The Goldman Sachs Group's Short Interest
.

When is The Goldman Sachs Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our GS earnings forecast
.

How can I listen to The Goldman Sachs Group's earnings call?

The Goldman Sachs Group will be holding an earnings conference call on Tuesday, April 18th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were The Goldman Sachs Group's earnings last quarter?

The Goldman Sachs Group, Inc. (NYSE:GS) released its quarterly earnings data on Tuesday, January, 17th. The investment management company reported $3.32 earnings per share for the quarter, missing the consensus estimate of $5.25 by $1.93. The investment management company had revenue of $10.59 billion for the quarter, compared to the consensus estimate of $10.91 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 10.55% and a net margin of 16.39%. The Goldman Sachs Group's revenue for the quarter was down 16.2% on a year-over-year basis. During the same period in the previous year, the firm posted $10.81 earnings per share.
Read the conference call transcript
.

How often does The Goldman Sachs Group pay dividends? What is the dividend yield for The Goldman Sachs Group?

The Goldman Sachs Group announced a quarterly dividend on Friday, January 13th. Investors of record on Thursday, March 2nd will be paid a dividend of $2.50 per share on Thursday, March 30th. This represents a $10.00 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, March 1st.
Read our dividend analysis for GS
.

Is The Goldman Sachs Group a good dividend stock?

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $10.00 per share and currently has a dividend yield of 3.20%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 33.27%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 25.99% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

What is David M. Solomon's approval rating as The Goldman Sachs Group's CEO?

811 employees have rated The Goldman Sachs Group Chief Executive Officer David M. Solomon on Glassdoor.com. David M. Solomon has an approval rating of 91% among the company's employees. This puts David M. Solomon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of The Goldman Sachs Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other The Goldman Sachs Group investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Bank of America (BAC), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), Citigroup (C), Johnson & Johnson (JNJ) and Intel (INTC).

What is The Goldman Sachs Group's stock symbol?

The Goldman Sachs Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "GS."

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (2.73%), Geode Capital Management LLC (1.81%), Morgan Stanley (1.77%), Fisher Asset Management LLC (1.46%), Alliancebernstein L.P. (0.92%) and Jennison Associates LLC (0.85%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, Ericka T Leslie, Goldman Sachs Group Inc, John E Waldron, John FW Rogers, Laurence Stein, Philip R Berlinski and Stephen M Scherr.
View institutional ownership trends
.

How do I buy shares of The Goldman Sachs Group?

Shares of GS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is The Goldman Sachs Group's stock price today?

One share of GS stock can currently be purchased for approximately $318.44.

How much money does The Goldman Sachs Group make?

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $106.30 billion and generates $68.71 billion in revenue each year. The investment management company earns $11.26 billion in net income (profit) each year or $30.06 on an earnings per share basis.

How many employees does The Goldman Sachs Group have?

The company employs 48,500 workers across the globe.

Does The Goldman Sachs Group have any subsidiaries?
The following companies are subsidiares of The Goldman Sachs Group: ALQ Holdings (Del) LLC, ALQ Holdings (Singapore) Pte. Ltd., Asia Investing Holdings Pte. Ltd., BSPI Holdings L.L.C., BSPI Intermediate Holdings L.L.C., Bond Street, Boyd Corporation, Broad Street Credit Holdings LLC, Broad Street Investments Holding (Singapore) PTE. Ltd., Broad Street Principal Investments L.L.C., Broad Street Principal Investments Superholdco LLC, Capital Vision Services, Carver Korea, Clarity Money, ClearFactr, ELQ Investors VI Ltd, ELQ Investors VIII Ltd, ELQ Lux Holding S.A R.L., Final, Financeit, Folio Institutional, GLQ Holdings (UK) Ltd, GLQ International Holdings Ltd, GLQ International Partners LP, GLQC S.A R.L., GS Asian Venture (Delaware) L.L.C., GS Diversified Funding LLC, GS European Funding S.A R.L., GS Financial Services II LLC, GS Financial Services L.P. (Del), GS Fund Holdings L.L.C., GS Funding Europe, GS Funding Europe I Ltd., GS Funding Europe V Limited, GS Funding Europe VI Ltd, GS Lending Partners Holdings LLC, GS Sponsor LLC, GSAM Holdings LLC, GSSG Holdings LLC, General Motors - Credit Card Business, Genesis Capital LLC, Global Consumer Products, Goldman Sachs & Co. LLC, Goldman Sachs (Asia) Corporate Holdings L.L.C., Goldman Sachs (Asia) Finance, Goldman Sachs (Asia) L.L.C., Goldman Sachs (Cayman) Holding Company, Goldman Sachs (Japan) Ltd., Goldman Sachs (UK) L.L.C., Goldman Sachs Asset Management International, Goldman Sachs Asset Management L.P., Goldman Sachs Australia Pty Ltd, Goldman Sachs Bank Europe SE, Goldman Sachs Bank USA, Goldman Sachs Equity Investments (Singapore) Pte. Ltd., Goldman Sachs Financial Markets Pty Ltd, Goldman Sachs Funding LLC, Goldman Sachs Gao Hua Securities, Goldman Sachs Group Holdings (U.K.) Limited, Goldman Sachs Group UK Limited, Goldman Sachs Holdings (Asia Pacific) Limited, Goldman Sachs Holdings (Hong Kong) Limited, Goldman Sachs Holdings (Singapore) Pte. Ltd., Goldman Sachs Holdings ANZ Pty Limited, Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs Japan Co. Ltd., Goldman Sachs LLC, Goldman Sachs Lending Partners LLC, Goldman Sachs Mortgage Company, Goldman Sachs PSI Global Holdings LLC, Goldman Sachs UK Funding Limited, GreenSky, Honest Dollar, Horizon Fund, Horizon Fundo De Investimento Multimercado Credito Privado — Investimento No Exterior, Hull Group, Hull Trading Asia Limited, J. Aron & Company (Singapore) Pte., J. Aron & Company LLC, Jade Dragon ANZ Investments Pte. Ltd., MTGLQ Investors L.P., Meilleurtaux.com, Mellon Ventures, Mercer Investments (Singapore) Pte. Ltd., Murray Street Corporation, NN Investment Partners, Pacific Global Advisors, Pantor, Slickdeals, Spear Leeds & Kellogg, Special Situations Investing Group II LLC, Special Situations Investing Group III Inc., Sphere Fund, Sphere Fundo De Investimento Multimercado — Investimento No Exterior Credito Privado, The Goldman Sachs Group Inc., Titanium Luxco 2 S.A R.L., Titanium UK Holdco 1 Limited, USI Holding, United Capital, United Capital Financial Advisers, Wall Street, and YOHO Manipal.
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How can I contact The Goldman Sachs Group?

The Goldman Sachs Group's mailing address is 200 WEST STREET, NEW YORK NY, 10282. The official website for the company is www.goldmansachs.com. The investment management company can be reached via phone at (212) 902-1000, via email at gs-investor-relations@gs.com, or via fax at 212-902-3000.

This page (NYSE:GS) was last updated on 3/29/2023 by MarketBeat.com Staff