Goldman Sachs Group Inc. (GS) Set to Announce Earnings on Tuesday
Goldman Sachs Group Inc. (NYSE:GS) will announce its earnings results before the market opens on Tuesday, October 18th. Analysts expect the company to announce earnings of $3.79 per share for the quarter.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, July 19th. The investment management company reported $3.72 EPS for the quarter, topping the consensus estimate of $3.00 by $0.72. The firm had revenue of $7.93 billion for the quarter, compared to analyst estimates of $7.58 billion. Goldman Sachs Group had a return on equity of 8.83% and a net margin of 18.12%. During the same period last year, the company earned $1.98 earnings per share. On average, analysts expect Goldman Sachs Group to post $14.22 EPS for the current fiscal year and $17.6 EPS for the next fiscal year.
Shares of Goldman Sachs Group Inc. (NYSE:GS) opened at 170.52 on Monday. The firm has a market capitalization of $72.71 billion, a price-to-earnings ratio of 16.16 and a beta of 1.61. The company’s 50-day moving average price is $166.91 and its 200 day moving average price is $159.81. Goldman Sachs Group Inc. has a 12-month low of $138.20 and a 12-month high of $199.90.
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The business also recently announced a quarterly dividend, which was paid on Thursday, September 29th. Investors of record on Thursday, September 1st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $2.60 annualized dividend and a yield of 1.52%. Goldman Sachs Group’s payout ratio is 24.60%.
In other Goldman Sachs Group news, insider Sarah G. Smith sold 2,664 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was sold at an average price of $170.00, for a total transaction of $452,880.00. Following the completion of the sale, the insider now directly owns 13,075 shares of the company’s stock, valued at approximately $2,222,750. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Edith W. Cooper sold 14,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $166.11, for a total value of $2,325,540.00. Following the sale, the executive vice president now directly owns 33,634 shares of the company’s stock, valued at $5,586,943.74. The disclosure for this sale can be found here. Company insiders own 2.61% of the company’s stock.
A number of hedge funds have recently bought and sold shares of GS. Thomas J. Herzfeld Advisors Inc. acquired a new position in Goldman Sachs Group during the second quarter valued at about $102,000. Cedar Wealth Management LLC boosted its position in Goldman Sachs Group by 42.9% in the second quarter. Cedar Wealth Management LLC now owns 946 shares of the investment management company’s stock valued at $141,000 after buying an additional 284 shares during the last quarter. Krilogy Financial LLC boosted its position in Goldman Sachs Group by 227.8% in the second quarter. Krilogy Financial LLC now owns 1,213 shares of the investment management company’s stock valued at $180,000 after buying an additional 843 shares during the last quarter. Silvercrest Asset Management Group LLC boosted its position in Goldman Sachs Group by 6.8% in the second quarter. Silvercrest Asset Management Group LLC now owns 1,408 shares of the investment management company’s stock valued at $209,000 after buying an additional 90 shares during the last quarter. Finally, Northeast Financial Consultants Inc acquired a new position in Goldman Sachs Group during the second quarter valued at about $213,000. 71.33% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently commented on the company. Deutsche Bank AG reissued a “hold” rating on shares of Goldman Sachs Group in a research note on Sunday, June 26th. Wells Fargo & Co. reissued a “hold” rating on shares of Goldman Sachs Group in a research note on Saturday, July 9th. Berenberg Bank assumed coverage on Goldman Sachs Group in a research note on Wednesday, July 13th. They set a “hold” rating and a $140.00 target price for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $214.00 target price (down from $243.00) on shares of Goldman Sachs Group in a research note on Wednesday, July 6th. Finally, Vetr cut Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $154.43 target price for the company. in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $179.91.
Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a bank holding company and a financial holding company. The Company operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Company’s Investment Banking segment provides financial advisory services, which include advisory assignments with respect to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs and risk management.
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