Goldman Sachs Group Inc (NYSE:GS) – Stock analysts at Oppenheimer dropped their Q2 2019 earnings per share estimates for shares of Goldman Sachs Group in a research report issued to clients and investors on Monday, April 15th. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will earn $5.84 per share for the quarter, down from their prior estimate of $6.10. Oppenheimer currently has a “Outperform” rating and a $312.00 target price on the stock. Oppenheimer also issued estimates for Goldman Sachs Group’s Q3 2019 earnings at $6.21 EPS, FY2019 earnings at $23.54 EPS and FY2020 earnings at $25.44 EPS.
Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Monday, April 15th. The investment management company reported $5.71 EPS for the quarter, topping the consensus estimate of $4.74 by $0.97. The firm had revenue of $8.81 billion for the quarter, compared to the consensus estimate of $8.89 billion. Goldman Sachs Group had a net margin of 25.13% and a return on equity of 12.35%. The business’s revenue was down 12.6% compared to the same quarter last year. During the same period last year, the firm posted $6.95 earnings per share.
Several other research analysts also recently commented on the stock. Wells Fargo & Co decreased their target price on shares of Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 18th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $250.00 target price (down from $258.00) on shares of Goldman Sachs Group in a research note on Monday, December 24th. TheStreet downgraded shares of Goldman Sachs Group from a “b-” rating to a “c+” rating in a research note on Wednesday, December 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $247.00 target price (down from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. Goldman Sachs Group has a consensus rating of “Hold” and an average target price of $245.85.
GS stock opened at $201.84 on Wednesday. The company has a market cap of $73.32 billion, a price-to-earnings ratio of 7.99, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22. Goldman Sachs Group has a one year low of $151.70 and a one year high of $262.25. The company has a current ratio of 0.86, a quick ratio of 0.92 and a debt-to-equity ratio of 2.50.
A number of large investors have recently modified their holdings of the business. Toth Financial Advisory Corp increased its position in shares of Goldman Sachs Group by 100.0% during the 1st quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Capital Financial Planning LLC bought a new position in Goldman Sachs Group in the 4th quarter worth approximately $26,000. Liberty Wealth Management LLC bought a new position in Goldman Sachs Group in the 4th quarter worth approximately $29,000. Loeb Partners Corp bought a new position in Goldman Sachs Group in the 4th quarter worth approximately $33,000. Finally, Riverview Trust Co bought a new position in Goldman Sachs Group in the 4th quarter worth approximately $33,000. 70.11% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Dane E. Holmes sold 1,489 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $198.31, for a total value of $295,283.59. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.41% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a $0.85 dividend. This is a boost from Goldman Sachs Group’s previous quarterly dividend of $0.80. The ex-dividend date is Wednesday, May 29th. This represents a $3.40 dividend on an annualized basis and a yield of 1.68%. Goldman Sachs Group’s payout ratio is presently 12.66%.
Goldman Sachs Group Company Profile
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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