Neutral Press Coverage Extremely Likely to Impact Goldman Sachs Group (GS) Stock Price

Media stories about Goldman Sachs Group (NYSE:GS) have trended neutral recently, according to InfoTrie. The research group identifies negative and positive press coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Goldman Sachs Group earned a media sentiment score of 0.50 on their scale. InfoTrie also assigned news headlines about the investment management company an news buzz score of 9 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Goldman Sachs Group’s analysis:

NYSE:GS opened at $176.93 on Monday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The company has a market capitalization of $65.64 billion, a PE ratio of 8.95, a PEG ratio of 0.59 and a beta of 1.13. Goldman Sachs Group has a 1-year low of $151.70 and a 1-year high of $275.31.

Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 16th. The investment management company reported $6.28 earnings per share for the quarter, beating the consensus estimate of $5.38 by $0.90. The business had revenue of $8.65 billion during the quarter, compared to the consensus estimate of $8.43 billion. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $5.02 earnings per share. Research analysts anticipate that Goldman Sachs Group will post 24.61 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Friday, November 30th were issued a $0.80 dividend. The ex-dividend date was Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.81%. Goldman Sachs Group’s dividend payout ratio is presently 16.19%.

A number of equities analysts recently weighed in on GS shares. Bank of America lowered their price objective on shares of Goldman Sachs Group to $280.00 in a research report on Sunday, December 2nd. JPMorgan Chase & Co. reissued a “buy” rating and issued a $285.00 price target on shares of Goldman Sachs Group in a research report on Tuesday, October 16th. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 price target for the company in a research report on Tuesday, November 13th. Wells Fargo & Co restated a “buy” rating on shares of Goldman Sachs Group in a report on Thursday, September 20th. Finally, TheStreet lowered shares of Goldman Sachs Group from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $258.31.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 16,451 shares of the stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total transaction of $2,606,002.91. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 1.71% of the company’s stock.

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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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