The Goldman Sachs Group, Inc. (NYSE:GS) Forecasted to Earn Q3 2022 Earnings of $9.75 Per Share

The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) – Analysts at Jefferies Financial Group lifted their Q3 2022 earnings per share (EPS) estimates for The Goldman Sachs Group in a research note issued to investors on Monday, April 18th. Jefferies Financial Group analyst D. Fannon now expects that the investment management company will earn $9.75 per share for the quarter, up from their prior forecast of $9.60. Jefferies Financial Group also issued estimates for The Goldman Sachs Group’s FY2022 earnings at $38.00 EPS, Q1 2023 earnings at $11.34 EPS and FY2023 earnings at $39.70 EPS.

Other research analysts have also recently issued research reports about the stock. StockNews.com started coverage on shares of The Goldman Sachs Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Bank of America upped their target price on shares of The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “neutral” rating in a research report on Monday. Oppenheimer reduced their price target on shares of The Goldman Sachs Group from $598.00 to $574.00 and set an “outperform” rating for the company in a research note on Wednesday, January 19th. JPMorgan Chase & Co. set a $416.00 price target on shares of The Goldman Sachs Group in a research note on Friday, April 1st. Finally, Barclays reduced their price target on shares of The Goldman Sachs Group from $556.00 to $505.00 and set an “overweight” rating for the company in a research note on Wednesday, January 19th. Eleven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $432.79.

Shares of NYSE:GS opened at $341.06 on Thursday. The Goldman Sachs Group has a fifty-two week low of $308.20 and a fifty-two week high of $426.16. The company has a quick ratio of 0.88, a current ratio of 1.20 and a debt-to-equity ratio of 2.24. The company has a market cap of $115.25 billion, a PE ratio of 6.62, a P/E/G ratio of 0.70 and a beta of 1.45. The firm has a 50-day simple moving average of $335.49 and a 200 day simple moving average of $369.85.

The Goldman Sachs Group (NYSE:GS – Get Rating) last announced its quarterly earnings data on Thursday, April 14th. The investment management company reported $10.76 earnings per share for the quarter, beating analysts’ consensus estimates of $10.00 by $0.76. The Goldman Sachs Group had a net margin of 31.21% and a return on equity of 18.59%. The business had revenue of $12.93 billion during the quarter, compared to the consensus estimate of $11.76 billion. During the same quarter in the prior year, the firm earned $18.60 EPS. The company’s revenue for the quarter was down 26.9% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 29th. Investors of record on Wednesday, June 1st will be given a $2.00 dividend. The ex-dividend date of this dividend is Tuesday, May 31st. This represents a $8.00 annualized dividend and a dividend yield of 2.35%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.53%.

Institutional investors have recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC increased its stake in shares of The Goldman Sachs Group by 0.6% during the 1st quarter. Joel Isaacson & Co. LLC now owns 9,676 shares of the investment management company’s stock worth $3,192,000 after purchasing an additional 54 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of The Goldman Sachs Group by 72.3% during the 1st quarter. Lindbrook Capital LLC now owns 236 shares of the investment management company’s stock worth $78,000 after purchasing an additional 99 shares during the last quarter. Riverview Trust Co increased its stake in shares of The Goldman Sachs Group by 122.0% during the 1st quarter. Riverview Trust Co now owns 444 shares of the investment management company’s stock worth $147,000 after purchasing an additional 244 shares during the last quarter. Private Capital Group LLC increased its stake in shares of The Goldman Sachs Group by 5.2% during the 1st quarter. Private Capital Group LLC now owns 2,055 shares of the investment management company’s stock worth $678,000 after purchasing an additional 102 shares during the last quarter. Finally, Transcend Capital Advisors LLC increased its stake in shares of The Goldman Sachs Group by 7.1% during the 1st quarter. Transcend Capital Advisors LLC now owns 10,041 shares of the investment management company’s stock worth $3,315,000 after purchasing an additional 663 shares during the last quarter. Hedge funds and other institutional investors own 71.52% of the company’s stock.

The Goldman Sachs Group Company Profile (Get Rating)

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 four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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