The Goldman Sachs Group (GS) Scheduled to Post Earnings on Monday

The Goldman Sachs Group (NYSE:GS) will be announcing its earnings results before the market opens on Monday, April 15th. Analysts expect the company to announce earnings of $8.57 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, January 16th. The investment management company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $1.86. The company had revenue of $11.32 billion for the quarter, compared to the consensus estimate of $10.80 billion. The Goldman Sachs Group had a return on equity of 8.03% and a net margin of 7.85%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $3.32 earnings per share. On average, analysts expect The Goldman Sachs Group to post $33 EPS for the current fiscal year and $37 EPS for the next fiscal year.

The Goldman Sachs Group Trading Down 2.0 %

Shares of NYSE:GS opened at $389.49 on Friday. The company has a market cap of $126.40 billion, a P/E ratio of 17.07, a P/E/G ratio of 1.53 and a beta of 1.43. The stock’s 50-day moving average is $394.74 and its 200-day moving average is $363.74. The Goldman Sachs Group has a 52-week low of $289.36 and a 52-week high of $419.20. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.76 and a current ratio of 0.76.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on GS shares. Oppenheimer lowered their price target on The Goldman Sachs Group from $506.00 to $446.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Edward Jones initiated coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. JMP Securities lifted their target price on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lifted their target price on The Goldman Sachs Group from $421.00 to $424.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, HSBC lifted their target price on The Goldman Sachs Group from $432.00 to $460.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $423.05.

Insiders Place Their Bets

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total transaction of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Brian J. Lee sold 3,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $376.39, for a total value of $1,129,170.00. Following the completion of the transaction, the insider now owns 10,121 shares in the company, valued at $3,809,443.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The disclosure for this sale can be found here. Insiders sold a total of 38,907 shares of company stock worth $15,080,021 over the last quarter. Company insiders own 0.54% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Cresset Asset Management LLC raised its position in shares of The Goldman Sachs Group by 0.4% during the 1st quarter. Cresset Asset Management LLC now owns 7,682 shares of the investment management company’s stock valued at $2,514,000 after acquiring an additional 34 shares during the last quarter. Pinnacle West Asset Management Inc. raised its position in shares of The Goldman Sachs Group by 1.2% during the 2nd quarter. Pinnacle West Asset Management Inc. now owns 3,400 shares of the investment management company’s stock valued at $1,097,000 after acquiring an additional 40 shares during the last quarter. Gries Financial LLC raised its position in shares of The Goldman Sachs Group by 0.5% during the 2nd quarter. Gries Financial LLC now owns 8,212 shares of the investment management company’s stock valued at $2,649,000 after acquiring an additional 42 shares during the last quarter. Shepherd Financial Partners LLC raised its position in shares of The Goldman Sachs Group by 0.9% during the 4th quarter. Shepherd Financial Partners LLC now owns 4,822 shares of the investment management company’s stock valued at $1,655,000 after acquiring an additional 43 shares during the last quarter. Finally, First Western Trust Bank raised its position in shares of The Goldman Sachs Group by 4.3% during the 1st quarter. First Western Trust Bank now owns 1,045 shares of the investment management company’s stock valued at $342,000 after acquiring an additional 43 shares during the last quarter. 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.