Zacks Research Analysts Raise Earnings Estimates for The Goldman Sachs Group, Inc. (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GSFree Report) – Research analysts at Zacks Research lifted their Q2 2024 earnings per share (EPS) estimates for The Goldman Sachs Group in a report issued on Friday, February 9th. Zacks Research analyst R. Department now anticipates that the investment management company will post earnings per share of $7.40 for the quarter, up from their previous forecast of $7.37. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $32.72 per share. Zacks Research also issued estimates for The Goldman Sachs Group’s Q4 2024 earnings at $7.69 EPS, Q1 2025 earnings at $8.20 EPS, Q4 2025 earnings at $9.07 EPS, FY2025 earnings at $35.37 EPS and FY2026 earnings at $37.90 EPS.

The Goldman Sachs Group (NYSE:GSGet Free Report) last posted its earnings results on Tuesday, January 16th. The investment management company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $1.86. The Goldman Sachs Group had a return on equity of 7.82% and a net margin of 7.85%. The business had revenue of $11.32 billion for the quarter, compared to analysts’ expectations of $10.80 billion. During the same quarter in the previous year, the firm earned $3.32 earnings per share. The business’s revenue was up 6.9% compared to the same quarter last year.

GS has been the subject of a number of other research reports. UBS Group lifted their price objective on The Goldman Sachs Group from $382.00 to $440.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. JMP Securities reiterated a “market outperform” rating and set a $440.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, January 17th. Barclays upped their price objective on shares of The Goldman Sachs Group from $437.00 to $493.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. BMO Capital Markets lifted their target price on shares of The Goldman Sachs Group from $357.00 to $360.00 and gave the stock a “market perform” rating in a research note on Thursday, January 18th. Finally, Oppenheimer raised their price objective on The Goldman Sachs Group from $491.00 to $506.00 and gave the stock an “outperform” rating in a report on Tuesday, January 30th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $409.93.

View Our Latest Stock Analysis on GS

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $392.64 on Monday. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.77. The Goldman Sachs Group has a 12 month low of $289.36 and a 12 month high of $396.35. The firm has a market capitalization of $128.04 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 1.35 and a beta of 1.43. The business’s 50 day simple moving average is $378.10 and its 200-day simple moving average is $344.88.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Thursday, February 29th will be given a dividend of $2.75 per share. This represents a $11.00 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, February 28th. The Goldman Sachs Group’s payout ratio is 48.20%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, insider Ericka T. Leslie sold 1,376 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $335.15, for a total transaction of $461,166.40. Following the completion of the sale, the insider now directly owns 10,471 shares in the company, valued at approximately $3,509,355.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Ericka T. Leslie sold 1,376 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $335.15, for a total transaction of $461,166.40. Following the transaction, the insider now directly owns 10,471 shares in the company, valued at approximately $3,509,355.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian J. Lee sold 3,000 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $376.39, for a total value of $1,129,170.00. Following the sale, the insider now owns 10,121 shares of the company’s stock, valued at $3,809,443.19. The disclosure for this sale can be found here. Insiders have sold a total of 16,110 shares of company stock valued at $5,990,991 in the last three months. 0.54% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

A number of hedge funds have recently added to or reduced their stakes in the company. First United Bank & Trust acquired a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $26,000. BKM Wealth Management LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at $32,000. Cambridge Trust Co. raised its holdings in The Goldman Sachs Group by 82.0% in the 3rd quarter. Cambridge Trust Co. now owns 91 shares of the investment management company’s stock worth $29,000 after acquiring an additional 41 shares during the period. Truvestments Capital LLC boosted its holdings in The Goldman Sachs Group by 88.0% during the third quarter. Truvestments Capital LLC now owns 94 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Finally, Signature Resources Capital Management LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 69.06% of the company’s stock.

About The Goldman Sachs Group

(Get Free Report)

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 resale agreements.

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

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