Zacks Research Comments on The Goldman Sachs Group, Inc.’s Q4 2024 Earnings (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS) – Analysts at Zacks Research upped their Q4 2024 earnings estimates for shares of The Goldman Sachs Group in a research note issued to investors on Monday, May 6th. Zacks Research analyst R. Department now forecasts that the investment management company will earn $8.07 per share for the quarter, up from their prior estimate of $7.69. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $36.07 per share.

GS has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Argus upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $465.00 price objective for the company in a report on Tuesday, April 16th. Citigroup upped their target price on The Goldman Sachs Group from $410.00 to $425.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. HSBC raised their price target on The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Finally, Wells Fargo & Company upped their price objective on The Goldman Sachs Group from $450.00 to $504.00 and gave the stock an “overweight” rating in a research note on Tuesday. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $440.57.

The Goldman Sachs Group Trading Up 0.7 %

NYSE GS opened at $446.95 on Wednesday. The stock has a market capitalization of $145.05 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 1.38 and a beta of 1.40. The Goldman Sachs Group has a 52 week low of $289.36 and a 52 week high of $448.02. The stock’s 50 day moving average price is $406.72 and its two-hundred day moving average price is $377.23. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.12.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The company had revenue of $14.21 billion during the quarter, compared to analysts’ expectations of $12.94 billion. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $8.79 earnings per share.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Stockholders of record on Thursday, May 30th will be issued a dividend of $2.75 per share. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 42.95%.

Insider Activity

In related news, Director David A. Viniar sold 5,000 shares of the company’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Treasurer Philip R. Berlinski sold 11,650 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total value of $4,550,956.00. Following the completion of the transaction, the treasurer now directly owns 18,408 shares of the company’s stock, valued at approximately $7,190,901.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,330 shares of company stock valued at $11,713,578. 0.57% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in GS. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth $1,903,374,000. Norges Bank bought a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $1,120,119,000. Congress Wealth Management LLC DE boosted its position in The Goldman Sachs Group by 27,076.5% in the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock valued at $211,396,000 after buying an additional 650,918 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of The Goldman Sachs Group by 27.0% during the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the last quarter. Finally, Morgan Stanley increased its holdings in shares of The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after buying an additional 412,383 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.