The Goldman Sachs Group (GS) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GS shares.
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18 brokerages have issued 1 year price targets for The Goldman Sachs Group's shares. Their GS share price forecasts range from $345.00 to $483.00. On average, they expect the company's share price to reach $396.93 in the next twelve months. This suggests a possible upside of 16.5% from the stock's current price.
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The Goldman Sachs Group's stock was trading at $343.38 on January 1st, 2023. Since then, GS shares have decreased by 0.8% and is now trading at $340.73.
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The Goldman Sachs Group saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,270,000 shares, an increase of 10.8% from the July 15th total of 2,950,000 shares. Based on an average daily trading volume, of 2,300,000 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 17th 2023.
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The Goldman Sachs Group, Inc. (NYSE:GS) posted its earnings results on Wednesday, July, 19th. The investment management company reported $3.08 earnings per share for the quarter, missing the consensus estimate of $3.25 by $0.17. The investment management company earned $10.90 billion during the quarter, compared to analysts' expectations of $10.61 billion. The Goldman Sachs Group had a net margin of 9.74% and a trailing twelve-month return on equity of 8.27%. The company's quarterly revenue was down 8.1% on a year-over-year basis. During the same period in the prior year, the business earned $7.73 earnings per share.
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The Goldman Sachs Group announced a quarterly dividend on Wednesday, July 19th. Shareholders of record on Thursday, August 31st will be paid a dividend of $2.75 per share on Thursday, September 28th. This represents a $11.00 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Wednesday, August 30th. This is an increase from the stock's previous quarterly dividend of $2.50.
Read our dividend analysis for GS.

ETFs with the largest weight of The Goldman Sachs Group (NYSE:GS) stock in their portfolio include iShares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), Invesco KBW Bank ETF (KBWB), Nationwide Dow Jones Risk Managed Income ETF (NDJI), Global X Dow 30 Covered Call ETF (DJIA), SPDR Dow Jones Industrial Average ETF Trust (DIA), ProShares Ultra Dow30 (DDM), Amplify YieldShares CWP Dividend & Option Income ETF (DIVO) and ProShares UltraPro Dow30 (UDOW).

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $10.00 per share and currently has a dividend yield of 2.93%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.02% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

811 employees have rated The Goldman Sachs Group Chief Executive Officer David M. Solomon on Glassdoor.com. David M. Solomon has an approval rating of 91% among the company's employees. This puts David M. Solomon in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other The Goldman Sachs Group investors own include JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Bank of America (BAC), Walt Disney (DIS), Alibaba Group (BABA), Netflix (NFLX), Boeing (BA), Citigroup (C), Johnson & Johnson (JNJ) and Intel (INTC).

The Goldman Sachs Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "GS."

The Goldman Sachs Group's stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.86%), Capital World Investors (2.38%), Geode Capital Management LLC (1.84%), Fisher Asset Management LLC (1.58%), Bank of New York Mellon Corp (1.23%) and Northern Trust Corp (0.98%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, Ericka T Leslie, Goldman Sachs Group Inc, John E Waldron, John FW Rogers, Kathryn H Ruemmler, Laurence Stein, Philip R Berlinski and Stephen M Scherr.
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Shares of GS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of GS stock can currently be purchased for approximately $340.73.

The Goldman Sachs Group (NYSE:GS) has a market capitalization of $112.33 billion and generates $68.71 billion in revenue each year. The investment management company earns $11.26 billion in net income (profit) each year or $23.44 on an earnings per share basis.

The company employs 48,500 workers across the globe.

The Goldman Sachs Group's mailing address is 200 WEST STREET, NEW YORK NY, 10282. The official website for the company is www.goldmansachs.com. The investment management company can be reached via phone at (212) 902-1000, via email at gs-investor-relations@gs.com, or via fax at 212-902-3000.