Headlines about Goldman Sachs Group (NYSE:GS) have been trending somewhat positive on Monday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Goldman Sachs Group earned a media sentiment score of 1.50 on their scale. InfoTrie also assigned news headlines about the investment management company an news buzz score of 6 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Goldman Sachs Group’s score:
- Goldman Sachs Group Inc (GS) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Analysts Expect Goldman Sachs Group Inc (GS) to Announce $6.12 EPS (topix.com)
- Goldman Sachs Group (GS) Price Target Cut to $280.00 (americanbankingnews.com)
- Analysts Expect Goldman Sachs Group Inc (GS) Will Post Earnings of $6.12 Per Share (americanbankingnews.com)
- Goldman Sachs Has 5 More Stocks Under $10 to Buy With Huge Upside Potential (feedproxy.google.com)
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 target price on the stock in a research note on Tuesday, November 13th. Bank of America lowered their target price on shares of Goldman Sachs Group to $280.00 in a research note on Sunday. Wolfe Research assumed coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. restated a “buy” rating and set a $285.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, October 16th. Finally, BMO Capital Markets upped their target price on shares of Goldman Sachs Group from $261.00 to $276.00 and gave the company a “market perform” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus target price of $273.27.
Shares of NYSE:GS opened at $190.69 on Monday. Goldman Sachs Group has a twelve month low of $188.12 and a twelve month high of $275.31. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $70.93 billion, a PE ratio of 9.65, a price-to-earnings-growth ratio of 0.62 and a beta of 1.11.
Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The firm had revenue of $8.65 billion for the quarter, compared to analysts’ expectations of $8.43 billion. During the same quarter in the prior year, the business earned $5.02 EPS. The business’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, analysts expect that Goldman Sachs Group will post 25.33 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Thursday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 16.19%.
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About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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