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The Goldman Sachs Group (GS) Stock Price, News & Analysis

$385.04
-1.62 (-0.42%)
(As of 02/8/2024 ET)
Today's Range
$381.34
$388.11
50-Day Range
$341.54
$388.83
52-Week Range
$289.36
$393.91
Volume
1.88 million shs
Average Volume
2.39 million shs
Market Capitalization
$125.57 billion
P/E Ratio
16.87
Dividend Yield
2.86%
Price Target
$409.93

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
6.5% Upside
$409.93 Price Target
Short Interest
Healthy
1.34% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.86mentions of The Goldman Sachs Group in the last 14 days
Based on 32 Articles This Week
Insider Trading
Selling Shares
$6.04 M Sold Last Quarter
Proj. Earnings Growth
14.64%
From $32.51 to $37.27 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.82 out of 5 stars

Finance Sector

65th out of 842 stocks

Security Brokers & Dealers Industry

7th out of 26 stocks


GS stock logo

About The Goldman Sachs Group Stock (NYSE:GS)

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.

 

GS Stock Price History

GS Stock News Headlines

Why H&R Block Stock Looks More Attractive After Earnings Dip (GS)
H&R Block is down 9% after earnings; however, the dip in HRB stock will look more attractive as the company enters its two strongest quarters
Analysts jumped on this stock ahead of earnings; markets love it (GS)
Simon Property Group is a REIT stock attracting lots of market - and analyst - interest to it, willing to boost targets and overpay for the underlying property
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
5 medical stocks growing earnings by triple digits (GS)
There is a little known way to pick stocks like the pros do, and today's exercise points you to five high-probability winners in a sector that's quickly turning
3 transportation stocks gearing up for a new rally (GS)
Traders at the big banks are going to be jumping all over this industry, and we've found the attractive names for your consideration
Goldman Sachs looks poised for a breakout
The Goldman Sachs Group's (NYSE: GS) recent outperformance and bullish technical analysis suggest the potential for a breakout, warranting a closer look.
3 chemical stocks to play the industry breakout (GS)
Chemical stocks are calling for fundamental investor attention as they show a new breakout in the quarter; three stocks stand out as the best way to play it
This semiconductor stock could be the best value for your money
You should read this if your portfolio missed the past rally in the semiconductor stocks, this time, ON Semiconductor offers you a second chance
One company did the impossible with AI
It is the first company in the world to bring an AI-designed drug to clinical trials. It is now working with some of the biggest companies in the world to develop other treatments and is less than $10 today… but Wall Street has been moving in quickly buying up millions of shares.
3 cheap utility stocks that shouldn't be so (GS)
The spill effects of the Red Sea conflicts may start affecting the utility sector, with these three stocks coming to offer stability and growth at discounts
3 big banking stocks that just got upgraded (GS)
Banking stocks are finding themselves more popular than they’ve been in a long time, and it doesn't look like that's going to change anytime soon.
2 upgraded food stocks with super-sized gain potential (GS)
Food-related businesses have been the subject of several recent analyst upgrades, including these two stocks which have some of the best total return potential.
Goldman Sachs Group BDR (GSGI34)
Goldman Shakes Up Management Committee
Goldman Shuffles Management Committee
See More Headlines
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Company Calendar

Ex-Dividend for 12/28 Dividend
11/29/2023
Dividend Payable
12/28/2023
Last Earnings
1/16/2024
Today
2/08/2024
Ex-Dividend for 3/28 Dividend
2/28/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
$409.93
High Stock Price Target
$506.00
Low Stock Price Target
$351.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
17 Analysts

Profitability

Net Income
$8.52 billion
Pretax Margin
23.22%

Debt

Sales & Book Value

Annual Sales
$108.42 billion
Cash Flow
$41.00 per share
Book Value
$358.77 per share

Miscellaneous

Free Float
324,351,000
Market Cap
$125.55 billion
Optionable
Optionable
Beta
1.43

Social Links

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GS Stock Analysis - Frequently Asked Questions

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

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GS shares.
View GS analyst ratings
or view top-rated stocks.

What is The Goldman Sachs Group's stock price target for 2024?

17 analysts have issued 1 year target prices for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $506.00. On average, they expect the company's stock price to reach $409.93 in the next twelve months. This suggests a possible upside of 6.5% 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 2024?

The Goldman Sachs Group's stock was trading at $385.77 at the beginning of the year. Since then, GS shares have decreased by 0.2% and is now trading at $385.04.
View the best growth stocks for 2024 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 4,420,000 shares, a drop of 8.3% from the December 15th total of 4,820,000 shares. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is presently 2.1 days. Currently, 1.4% of the company's shares are sold short.
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 16th 2024.
View our GS earnings forecast
.

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

The Goldman Sachs Group, Inc. (NYSE:GS) posted its quarterly earnings results on Tuesday, January, 16th. The investment management company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $3.62 by $1.86. The investment management company had revenue of $11.32 billion for the quarter, compared to analysts' expectations of $10.80 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 7.82% and a net margin of 7.85%. The business's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.32 EPS.
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 12th. Shareholders of record on Thursday, February 29th will be given a dividend of $2.75 per share on Thursday, March 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, February 28th.
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 $11.00 per share and currently has a dividend yield of 2.86%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 48.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.51% 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).

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Fisher Asset Management LLC (1.69%), Massachusetts Financial Services Co. MA (1.59%), Greenhaven Associates Inc. (0.71%), Dimensional Fund Advisors LP (0.66%), Charles Schwab Investment Management Inc. (0.58%) and Jennison Associates LLC (0.47%). 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, Kathryn H Ruemmler, Philip R Berlinski, Sheara J Fredman 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
Read More
This page (NYSE:GS) was last updated on 2/8/2024 by MarketBeat.com Staff

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