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

$464.77
+0.02 (+0.00%)
(As of 07/8/2024 ET)
Today's Range
$464.04
$474.86
50-Day Range
$426.54
$470.41
52-Week Range
$289.36
$474.86
Volume
2.21 million shs
Average Volume
1.83 million shs
Market Capitalization
$149.87 billion
P/E Ratio
18.15
Dividend Yield
2.37%
Price Target
$445.62

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
4.1% Downside
$445.62 Price Target
Short Interest
Healthy
1.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.47mentions of The Goldman Sachs Group in the last 14 days
Based on 35 Articles This Week
Insider Trading
Selling Shares
$27.52 M Sold Last Quarter
Proj. Earnings Growth
9.69%
From $36.63 to $40.18 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.

4.91 out of 5 stars

Finance Sector

30th out of 822 stocks

Security Brokers & Dealers Industry

1st out of 24 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

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Tokyo's old fish market makes way for skyscrapers, glitzy stadium to woo global spenders
The site of Tokyo’s famed Tsukiji fish market left empty after it was razed six years ago, will be replaced by a waterfront stadium and glistening skyscrapers according to plans for its redevelopment
CarMax: A Market Melt-Up Waiting to Happen for this Stock
CarMax: A Market Melt-Up Waiting to Happen for this Stock (GS)
Carmax is gearing up for a market melt-up as the outlook improves. This is one of the most shorted S&P 500 names; short-covering will aid the rally.
Write this ticker symbol down…
A megatrend now poised to mint a brand-new wave of millionaires right here in America. And today, self-made millionaire Tim Bohen is giving you an inside look at the megatrend that’s going to change everything.
An Apple logo adorns the facade of the downtown Brooklyn Apple store on March 14, 2020, in New York…
Apple kills off its buy now, pay later service service barely a year after launch
Apple is discontinuing its buy now, pay later service known as Apple Pay Later barely a year after its initial launch in the U.S., and will rely on companies who already dominate the industry like Affirm and Klarna
CEO and co-founder of Ozy Media Carlos Watson arrives at Brooklyn Federal Court, Friday, June 7, 20…
Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trial
For nearly a decade, Ozy Media projected an image of new-media success
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Top 4 Fastest Growing S&P 500 Dividends: Buy, Sell, or Hold?
Dividends are a leading reason to buy a stock because the stock pays you to own it. Growing dividend distributions are more valuable than those that aren't; by extension, distributions growing faster than average are even more valuable.
Morgan Stanley exterior sign and trademark logo.
Top 4 Fastest Growing S&P 500 Dividends: Buy, Sell, or Hold? (GS)
The fastest-growing dividends in the S&P 500 are good buys, but that doesn't mean it's time to buy them now; only one is accelerating distribution growth.
The #1 A.I. Crypto You Don’t Own (YET!)
Artificial Intelligence has revolutionized the way we consume media and entertainment… And the A.I. wave has also created MASSIVE opportunities for savvy investors. One recent move stands out above all others: recently surfaced investments from three major media companies.
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Silicon Valley-backed voter plan for new California city qualifies for November ballot
A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot
The Goldman Sachs Group (NYSE:GS) Sets New 52-Week High at $474.03
The Goldman Sachs Group (GS) to Release Earnings on Monday
The Goldman Sachs Group (NYSE:GS) PT Raised to $475.00
See More Headlines
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Company Calendar

Last Earnings
4/15/2024
Ex-Dividend for 6/27 Dividend
5/30/2024
Dividend Payable
6/27/2024
Today
7/08/2024
Next Earnings (Confirmed)
7/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
CUSIP
38141G10
Employees
45,300
Year Founded
1869

Price Target and Rating

Average Stock Price Target
$445.62
High Stock Price Target
$520.00
Low Stock Price Target
$351.00
Potential Upside/Downside
-4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
22 Analysts

Profitability

Net Income
$8.52 billion
Pretax Margin
10.40%

Debt

Sales & Book Value

Annual Sales
$108.42 billion
Cash Flow
$41.02 per share
Book Value
$324.13 per share

Miscellaneous

Free Float
320,626,000
Market Cap
$149.87 billion
Optionable
Optionable
Beta
1.37

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Should I Buy The Goldman Sachs Group Stock? GS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Goldman Sachs Group, Inc.:

  • The current stock price of The Goldman Sachs Group, Inc. is favorable for potential investors.
  • The company has a strong track record of delivering consistent annual revenue growth.
  • Goldman Sachs has a high return on equity, indicating efficient use of shareholder funds.
  • Investors can benefit from the company's solid net margins, reflecting profitability.
  • The company's forward price-to-earnings ratio suggests potential future growth.

Cons

Investors should be bearish about investing in The Goldman Sachs Group, Inc. for these reasons:

  • The consensus rating on Goldman Sachs may not be as positive as desired by some investors.
  • The company's dividend yield may not be as attractive compared to other investment options.
  • Goldman Sachs' return on assets may not be as strong as expected by investors.
  • The company's beta indicates higher volatility compared to some other investment choices.
  • Investors should consider the company's price-to-sales ratio in relation to industry peers.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these The Goldman Sachs Group pros and cons to contact@marketbeat.com.

GS Stock Analysis - Frequently Asked Questions

How have GS shares performed this year?

The Goldman Sachs Group's stock was trading at $385.77 at the start of the year. Since then, GS stock has increased by 20.5% and is now trading at $464.77.
View the best growth stocks for 2024 here
.

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

The Goldman Sachs Group, Inc. (NYSE:GS) issued its earnings results on Monday, April, 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The business's revenue for the quarter was up 16.1% compared to the same quarter last year.
Read the conference call transcript
.

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.

Does The Goldman Sachs Group have any subsidiaries?

The Goldman Sachs Group subsidiaries include these companies: GreenSky, NN Investment Partners, Goldman Sachs Gao Hua Securities, General Motors - Credit Card Business, Folio Institutional, Capital Vision Services, United Capital, and more.

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's top institutional investors include Cacti Asset Management LLC (0.07%), DNB Asset Management AS (0.04%), Beese Fulmer Investment Management Inc. (0.01%) and First Hawaiian Bank (0.01%). Insiders that own company stock include Goldman Sachs Group Inc, David A Viniar, David M Solomon, John E Waldron, Denis P Coleman, Philip R Berlinski, Sheara J Fredman, Ericka T Leslie, Brian J Lee and Kathryn H Ruemmler.
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.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Boeing (BA).

This page (NYSE:GS) was last updated on 7/9/2024 by MarketBeat.com Staff

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