Wall Street brokerages forecast that Goldman Sachs Group, Inc. (The) (NYSE:GS) will report earnings of $5.14 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Goldman Sachs Group, Inc. (The)’s earnings, with the highest EPS estimate coming in at $5.92 and the lowest estimate coming in at $4.69. Goldman Sachs Group, Inc. (The) reported earnings of $5.08 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, January 17th.

According to Zacks, analysts expect that Goldman Sachs Group, Inc. (The) will report full-year earnings of $19.03 per share for the current financial year, with EPS estimates ranging from $18.65 to $19.30. For the next year, analysts anticipate that the company will report earnings of $20.55 per share, with EPS estimates ranging from $19.73 to $22.12. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Goldman Sachs Group, Inc. (The).

Goldman Sachs Group, Inc. (The) (NYSE:GS) last issued its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The company had revenue of $8.33 billion for the quarter, compared to analysts’ expectations of $7.59 billion. During the same period in the prior year, the business earned $4.88 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis.

GS has been the subject of a number of recent analyst reports. Buckingham Research reiterated a “neutral” rating and issued a $243.00 target price (up from $235.00) on shares of Goldman Sachs Group, Inc. (The) in a research note on Monday, July 10th. Capital One Financial Corporation reiterated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods cut shares of Goldman Sachs Group, Inc. (The) from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $260.00 to $240.00 in a research note on Wednesday, July 19th. Oppenheimer Holdings, Inc. lifted their target price on shares of Goldman Sachs Group, Inc. (The) from $251.00 to $256.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Finally, Berenberg Bank reiterated a “sell” rating and issued a $190.00 target price on shares of Goldman Sachs Group, Inc. (The) in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $244.98.

In related news, insider Harvey M. Schwartz sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.00, for a total transaction of $6,125,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction that occurred on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. Insiders have sold 58,289 shares of company stock worth $14,036,920 over the last quarter. Insiders own 2.57% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in GS. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Goldman Sachs Group, Inc. (The) during the second quarter worth approximately $101,000. WealthTrust Arizona LLC boosted its holdings in Goldman Sachs Group, Inc. (The) by 97.1% in the second quarter. WealthTrust Arizona LLC now owns 469 shares of the investment management company’s stock valued at $104,000 after purchasing an additional 231 shares in the last quarter. Sterling Investment Advisors Ltd. boosted its holdings in Goldman Sachs Group, Inc. (The) by 35.7% in the second quarter. Sterling Investment Advisors Ltd. now owns 475 shares of the investment management company’s stock valued at $105,000 after purchasing an additional 125 shares in the last quarter. Shine Investment Advisory Services Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at approximately $111,000. Finally, Gs Investments Inc. acquired a new position in Goldman Sachs Group, Inc. (The) in the second quarter valued at approximately $111,000. Hedge funds and other institutional investors own 73.21% of the company’s stock.

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Shares of Goldman Sachs Group, Inc. (NYSE GS) opened at $244.40 on Friday. The firm has a market cap of $95.51 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.25 and a beta of 1.48. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 2.70.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $3.00 annualized dividend and a yield of 1.23%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.63%.

Goldman Sachs Group, Inc. (The) Company Profile

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Earnings History and Estimates for Goldman Sachs Group, Inc. (The) (NYSE:GS)

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