The Goldman Sachs Group (GS) Expected to Announce Earnings on Monday

The Goldman Sachs Group (NYSE:GS) is expected to issue its quarterly earnings data before the market opens on Monday, April 14th. Analysts expect the company to announce earnings of $12.57 per share and revenue of $14.99 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The business’s revenue was up 22.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.48 earnings per share. On average, analysts expect The Goldman Sachs Group to post $47 EPS for the current fiscal year and $52 EPS for the next fiscal year.

The Goldman Sachs Group Stock Performance

NYSE:GS opened at $469.57 on Monday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm’s fifty day simple moving average is $597.54 and its 200 day simple moving average is $573.99. The stock has a market cap of $146.52 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group has a twelve month low of $387.12 and a twelve month high of $672.19.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, February 28th were paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Friday, February 28th. The Goldman Sachs Group’s payout ratio is 29.59%.

Analysts Set New Price Targets

Several analysts have commented on GS shares. JPMorgan Chase & Co. cut their price objective on The Goldman Sachs Group from $625.00 to $614.00 and set an “overweight” rating on the stock in a research report on Thursday. Oppenheimer lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, March 19th. Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Wells Fargo & Company dropped their target price on shares of The Goldman Sachs Group from $720.00 to $680.00 and set an “overweight” rating on the stock in a report on Friday, March 28th. Finally, Morgan Stanley decreased their price target on shares of The Goldman Sachs Group from $782.00 to $659.00 and set an “overweight” rating for the company in a research note on Thursday, March 13th. Eleven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and an average price target of $589.19.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 1,545 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the sale, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kevin R. Johnson bought 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The stock was purchased at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. Insiders own 0.55% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently raised its position in The Goldman Sachs Group stock. Revolve Wealth Partners LLC increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 888 shares of the investment management company’s stock after purchasing an additional 58 shares during the quarter. Revolve Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $508,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

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.