Goldman Sachs Group, Inc. (The) (GS) Earning Somewhat Positive Media Coverage, Analysis Shows
News headlines about Goldman Sachs Group, Inc. (The) (NYSE:GS) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Goldman Sachs Group, Inc. (The) earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the investment management company an impact score of 45.183751361826 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Goldman Sachs Group, Inc. (The) (GS) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Analyst Bove tells clients to dump Goldman stock, calls for Blankfein ouster again (cnbc.com)
- Goldman Sachs (GS) a Hold on Uninspiring Sales Growth (investorplace.com)
- Strength in Energy Prices Raising Expectations in the Sector (feedproxy.google.com)
- Goldman Sachs sees bitcoin at $8,000 (seekingalpha.com)
GS has been the topic of several recent research reports. Zacks Investment Research lowered Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Societe Generale set a $198.00 target price on Goldman Sachs Group, Inc. (The) and gave the company a “sell” rating in a report on Thursday, October 19th. TheStreet upgraded Goldman Sachs Group, Inc. (The) from a “c+” rating to a “b” rating in a report on Friday, October 13th. Citigroup Inc. restated a “neutral” rating and set a $250.00 target price (up from $225.00) on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, October 9th. Finally, Morgan Stanley raised their target price on Goldman Sachs Group, Inc. (The) from $265.00 to $287.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $245.06.
Goldman Sachs Group, Inc. (NYSE GS) opened at $239.81 on Wednesday. Goldman Sachs Group, Inc. has a one year low of $178.46 and a one year high of $255.15. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 2.70. The stock has a market cap of $91,844.80, a P/E ratio of 12.68, a PEG ratio of 1.24 and a beta of 1.48.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. Goldman Sachs Group, Inc. (The) had a net margin of 26.42% and a return on equity of 11.32%. The company had revenue of $8.33 billion during the quarter, compared to analysts’ expectations of $7.59 billion. During the same quarter in the previous year, the company posted $4.88 earnings per share. Goldman Sachs Group, Inc. (The)’s quarterly revenue was up 2.0% compared to the same quarter last year. sell-side analysts forecast that Goldman Sachs Group, Inc. will post 19.03 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group, Inc. (The)’s dividend payout ratio (DPR) is currently 15.63%.
In other news, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group, Inc. (The) stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $239.95, for a total transaction of $1,187,992.45. The disclosure for this sale can be found here. Insiders sold 37,344 shares of company stock valued at $9,125,608 in the last quarter. 2.57% of the stock is currently owned by corporate insiders.
About Goldman Sachs Group, Inc. (The)
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
Receive News & Stock Ratings for Goldman Sachs Group Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Goldman Sachs Group Inc. (The) and related stocks with our FREE daily email newsletter.