Q4 2024 Earnings Estimate for The Goldman Sachs Group, Inc. Issued By Zacks Research (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS) – Zacks Research raised their Q4 2024 earnings per share (EPS) estimates for shares of The Goldman Sachs Group in a research note issued to investors on Monday, May 6th. Zacks Research analyst R. Department now forecasts that the investment management company will post earnings per share of $8.07 for the quarter, up from their previous estimate of $7.69. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $36.07 per share.

GS has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their price objective on The Goldman Sachs Group from $445.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 5th. HSBC raised their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Morgan Stanley upgraded The Goldman Sachs Group from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $333.00 to $449.00 in a research report on Tuesday, January 30th. Edward Jones began coverage on The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating for the company. Finally, Bank of America raised their target price on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $440.57.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $443.74 on Wednesday. The Goldman Sachs Group has a 1-year low of $289.36 and a 1-year high of $447.42. The firm has a market capitalization of $144.01 billion, a PE ratio of 17.33, a PEG ratio of 1.38 and a beta of 1.40. The business’s 50 day moving average is $406.72 and its 200-day moving average is $377.23. The company has a current ratio of 1.12, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 8.65% and a net margin of 8.17%. The company had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the firm earned $8.79 EPS. The Goldman Sachs Group’s revenue for the quarter was up 16.1% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GS. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the first quarter worth about $1,903,374,000. Norges Bank acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $1,120,119,000. Congress Wealth Management LLC DE boosted its position in shares of The Goldman Sachs Group by 27,076.5% during the third quarter. Congress Wealth Management LLC DE now owns 653,322 shares of the investment management company’s stock worth $211,396,000 after buying an additional 650,918 shares during the period. Wellington Management Group LLP boosted its position in shares of The Goldman Sachs Group by 27.0% during the fourth quarter. Wellington Management Group LLP now owns 2,184,196 shares of the investment management company’s stock worth $842,597,000 after buying an additional 464,954 shares during the period. Finally, Morgan Stanley raised its holdings in The Goldman Sachs Group by 7.8% during the third quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock worth $1,842,192,000 after acquiring an additional 412,383 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 12,680 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now directly owns 29,417 shares of the company’s stock, valued at $11,602,947.31. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 29,330 shares of company stock valued at $11,713,578 over the last three months. Company insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 27th. Investors of record on Thursday, May 30th will be paid a dividend of $2.75 per share. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.48%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 42.95%.

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.