Should I buy or sell The Goldman Sachs Group stock right now?

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GS shares. View GS analyst ratings or view top-rated stocks .

What is The Goldman Sachs Group's stock price target for 2024?

20 analysts have issued 12 month target prices for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $493.00. On average, they anticipate the company's share price to reach $434.93 in the next year. This suggests a possible upside of 7.7% from the stock's current price. View analysts price targets for GS or view top-rated stocks among Wall Street analysts .

How have GS shares performed in 2024?

The Goldman Sachs Group's stock was trading at $385.77 at the start of the year. Since then, GS stock has increased by 4.7% and is now trading at $403.85. View the best growth stocks for 2024 here .

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,090,000 shares, an increase of 9.0% from the March 15th total of 4,670,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.6% of the company's stock are sold short. View The Goldman Sachs Group's Short Interest .

When is The Goldman Sachs Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024. View our GS earnings forecast .

How were The Goldman Sachs Group's earnings last quarter?

The Goldman Sachs Group, Inc. (NYSE:GS) issued its earnings results on Monday, April, 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The investment management company earned $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a trailing twelve-month return on equity of 8.65%. The Goldman Sachs Group's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 earnings per share. Read the conference call transcript .

How often does The Goldman Sachs Group pay dividends? What is the dividend yield for The Goldman Sachs Group?

The Goldman Sachs Group declared a quarterly dividend on Thursday, April 11th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share on Thursday, June 27th. This represents a $11.00 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, May 30th. Read our dividend analysis for GS .

Is The Goldman Sachs Group a good dividend stock?

The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $11.00 per share and currently has a dividend yield of 2.77%. 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 42.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.63% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GS .

What ETFs hold The Goldman Sachs Group's stock?

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) , Global X Dow 30 Covered Call & Growth ETF (DYLG) , SPDR Dow Jones Industrial Average ETF Trust (DIA) , Nationwide Dow Jones Risk-Managed Income ETF (NDJI) , Global X Dow 30 Covered Call ETF (DJIA) , InfraCap Equity Income Fund ETF (ICAP) and ProShares Ultra Dow30 (DDM) .

What is David M. Solomon's approval rating as The Goldman Sachs Group's CEO?

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.

What other stocks do shareholders of The Goldman Sachs Group own?

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) .

Who are The Goldman Sachs Group's major shareholders?

The Goldman Sachs Group's stock is owned by a number of institutional and retail investors. Top institutional investors include International Assets Investment Management LLC (1.40%), Congress Wealth Management LLC DE (0.20%), Los Angeles Capital Management LLC (0.07%), Cacti Asset Management LLC (0.06%), Miller Howard Investments Inc. NY (0.05%) and Daymark Wealth Partners LLC (0.04%). Insiders that own company stock include Brian J Lee , David A Viniar, David M Solomon , Denis P Coleman, Ericka T Leslie , Goldman Sachs Group Inc, John E Waldron , Kathryn H Ruemmler , Philip R Berlinski and Sheara J Fredman . View institutional ownership trends .

How do I buy shares of The Goldman Sachs Group?

Shares of GS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Does The Goldman Sachs Group have any subsidiaries?

The following companies are subsidiares of The Goldman Sachs Group: ALQ Holdings (Del) LLC, ALQ Holdings (Singapore) Pte. Ltd., Asia Investing Holdings Pte. Ltd., BSPI Holdings L.L.C., BSPI Intermediate Holdings L.L.C., Bond Street, Boyd Corporation, Broad Street Credit Holdings LLC, Broad Street Investments Holding (Singapore) PTE. Ltd., Broad Street Principal Investments L.L.C., Broad Street Principal Investments Superholdco LLC, Capital Vision Services, Carver Korea, Clarity Money, ClearFactr, ELQ Investors VI Ltd, ELQ Investors VIII Ltd, ELQ Lux Holding S.A R.L., Final, Financeit, Folio Institutional, GLQ Holdings (UK) Ltd, GLQ International Holdings Ltd, GLQ International Partners LP, GLQC S.A R.L., GS Asian Venture (Delaware) L.L.C., GS Diversified Funding LLC, GS European Funding S.A R.L., GS Financial Services II LLC, GS Financial Services L.P. (Del), GS Fund Holdings L.L.C., GS Funding Europe, GS Funding Europe I Ltd., GS Funding Europe V Limited, GS Funding Europe VI Ltd, GS Lending Partners Holdings LLC, GS Sponsor LLC, GSAM Holdings LLC, GSSG Holdings LLC, General Motors - Credit Card Business, Genesis Capital LLC, Global Consumer Products, Goldman Sachs & Co. LLC, Goldman Sachs (Asia) Corporate Holdings L.L.C., Goldman Sachs (Asia) Finance, Goldman Sachs (Asia) L.L.C., Goldman Sachs (Cayman) Holding Company, Goldman Sachs (Japan) Ltd., Goldman Sachs (UK) L.L.C., Goldman Sachs Asset Management International, Goldman Sachs Asset Management L.P., Goldman Sachs Australia Pty Ltd, Goldman Sachs Bank Europe SE, Goldman Sachs Bank USA, Goldman Sachs Equity Investments (Singapore) Pte. Ltd., Goldman Sachs Financial Markets Pty Ltd, Goldman Sachs Funding LLC, Goldman Sachs Gao Hua Securities, Goldman Sachs Group Holdings (U.K.) Limited, Goldman Sachs Group UK Limited, Goldman Sachs Holdings (Asia Pacific) Limited, Goldman Sachs Holdings (Hong Kong) Limited, Goldman Sachs Holdings (Singapore) Pte. Ltd., Goldman Sachs Holdings ANZ Pty Limited, Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs Japan Co. Ltd., Goldman Sachs LLC, Goldman Sachs Lending Partners LLC, Goldman Sachs Mortgage Company, Goldman Sachs PSI Global Holdings LLC, Goldman Sachs UK Funding Limited, GreenSky, Honest Dollar, Horizon Fund, Horizon Fundo De Investimento Multimercado Credito Privado — Investimento No Exterior, Hull Group, Hull Trading Asia Limited, J. Aron & Company (Singapore) Pte., J. Aron & Company LLC, Jade Dragon ANZ Investments Pte. Ltd., MTGLQ Investors L.P., Meilleurtaux.com, Mellon Ventures, Mercer Investments (Singapore) Pte. Ltd., Murray Street Corporation, NN Investment Partners, Pacific Global Advisors, Pantor, Slickdeals, Spear Leeds & Kellogg, Special Situations Investing Group II LLC, Special Situations Investing Group III Inc., Sphere Fund, Sphere Fundo De Investimento Multimercado — Investimento No Exterior Credito Privado, The Goldman Sachs Group Inc., Titanium Luxco 2 S.A R.L., Titanium UK Holdco 1 Limited, USI Holding, United Capital, United Capital Financial Advisers, Wall Street, and YOHO Manipal. Read More

Followed 107 TimesTop Followed Top-Rated Dividend StocksTop-Rated Dividend Most-Upgraded StocksMost-Upgraded

NYSE:GS

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

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Free GS Stock Alerts

$403.85

-0.06 (-0.01%)

(As of 03:09 PM ET)

Compare

Today's Range: $402.41
▼
$407.86
50-Day Range: $378.12
▼
$417.69
52-Week Range: $289.36
▼
$419.20

Volume: 2.03 million shs
Average Volume: 2.36 million shs
Market Capitalization: $131.06 billion

P/E Ratio: 15.77
Dividend Yield: 2.72%
Price Target: $434.93

Get The Goldman Sachs Group alerts:

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.75 Rating Score
Upside/Downside: 7.7% Upside
$434.93 Price Target
Short Interest: Healthy
1.57% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.40
Upright™ Environmental Score
News Sentiment: 0.70
Based on 106 Articles This Week
Insider Trading: Selling Shares
$13.95 M Sold Last Quarter
Proj. Earnings Growth: 13.34%
From $32.76 to $37.13 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.54 out of 5 stars

Finance Sector

140th out of 830 stocks

Security Brokers & Dealers Industry

9th out of 27 stocks

2.4

Analyst's Opinion

Consensus Rating
The Goldman Sachs Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.75, and is based on 15 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
The Goldman Sachs Group has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.57% of the float of The Goldman Sachs Group has been sold short.
Short Interest Ratio / Days to Cover
The Goldman Sachs Group has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in The Goldman Sachs Group has recently increased by 8.99%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
The Goldman Sachs Group pays a meaningful dividend of 2.77%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Goldman Sachs Group has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of The Goldman Sachs Group is 42.95%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, The Goldman Sachs Group will have a dividend payout ratio of 29.63% next year. This indicates that The Goldman Sachs Group will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
The Goldman Sachs Group has received a 27.48% net impact score from Upright. Goldman Sachs seems to create the most significant positive value in categories "Taxes", "Distributing knowledge", and "Societal infrastructure". The positive contribution in the "Distributing knowledge" impact category is mostly driven by its "Market and investment data services", "Securities brokerage services", and "Commodity brokerage services" products. See details.
Environmental Sustainability
The Environmental Impact score for The Goldman Sachs Group is -0.40.

3.2

News and Social Media Coverage

News Sentiment
The Goldman Sachs Group has a news sentiment score of 0.70. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 106 news articles for The Goldman Sachs Group this week, compared to 34 articles on an average week.
Search Interest
Only 133 people have searched for GS on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
111 people have added The Goldman Sachs Group to their MarketBeat watchlist in the last 30 days. This is an increase of 42% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, The Goldman Sachs Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,950,851.00 in company stock.
Percentage Held by Insiders
Only 0.54% of the stock of The Goldman Sachs Group is held by insiders.
Percentage Held by Institutions
71.21% of the stock of The Goldman Sachs Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for The Goldman Sachs Group are expected to grow by 13.34% in the coming year, from $32.76 to $37.13 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Goldman Sachs Group is 15.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 140.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Goldman Sachs Group is 15.77, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.50.
Price to Earnings Growth Ratio
The Goldman Sachs Group has a PEG Ratio of 1.54. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
The Goldman Sachs Group has a P/B Ratio of 1.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About The Goldman Sachs Group Stock (NYSE:GS)

The Goldman Sachs Group, Inc. was founded in 1869 by Marcus Goldman as an investment bank catering to institutions and businesses. Among the firm's first products are the revolutionary use of commercial paper for entrepreneurs which opened a new method of finance for business and industry.

The original firm expanded to Goldman Sachs in 1882 with the inclusion of son-in-law Samuel Sachs and again in 1885 with a son and another son-in-law. The firm joined the New York Stock Exchange in 1896 expanding into trading of its own and in 1898 it was worth $1.6 million. The company began its work in the IPO market in 1906 with the initial public offering of Sears, Roebuck & Co., and then moved on to Ford and other prominent names of the time.

The 1930s brings a change of leadership and a new direction for the firm. The company shifted toward a purer play on investment banking and embarks on a campaign of acquisition that lasted until the present day. The company doesn’t go public itself until 1999 and from that point on it will change into a bank holding company that not only offers investment banking services but takes deposits too, and in 2016 the company added consumer banking to its list of services.

Today, Goldman Sachs is a financial institution that provides a range of financial services for corporations, institutions, governments, and individuals globally. The company operates through four segments that include Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. According to US banking regulations, it is systemically important to the financial health of America.

The company is headquartered in New York, New York, and operates 6 regional headquarters as well. Regional headquarters are located in financial hotspots such as London, Hong Kong, Tokyo, Bangalore, and Warsaw. Among its many prominent CEOs are John Corzine and Hank Paulson who both went on to successful work in government.

The company's Investment Banking segment provides a full range of financial advisory services as well as underwriting for the public markets. The financial advisory services include but are not limited to strategic advisory for mergers and acquisitions, divestiture, restructuring, and spin-offs. This segment is also engaged in middle-market lending and transaction banking. Underwriting services include IPOs, preferred stock, debt instruments, and bridge loans.

Goldman Sachs Global Markets segment facilitates market transactions for institutions, banks, brokerages, corporations, and governments. Services include execution, derivatives, financing, clearing, settlement, and custody.

The Asset Management segment manages client portfolios across the investment spectrum while the Consumer & Wealth Management segment provides advisory and banking services to consumers.

GS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GS Stock News Headlines

April 18, 2024 | marketbeat.com

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A new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets forward but also the current administration's attempt to onshore some global steel and aluminum manufacturing jobs.

April 18, 2024 | marketbeat.com

3 Steel Stocks Could Soar on New China Tariffs (GS)

As the U.S. looks to return to China tariffs, the domestic steel and aluminum manufacturing industry could push these three stocks to soar.

April 18, 2024 | Weiss Ratings (Ad)

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#1 AI Stock for 2024 Revealed In "AI Town Hall" This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'

April 17, 2024 | marketbeat.com

Prologis Stock Leading U.S. Logistics Boom (GS)

Logistics and warehousing real estate may come in handy during the manufacturing boom coming to U.S, markets. Prologis stock is the outlier as a bull pick.

April 17, 2024 | marketbeat.com

Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip? (GS)

Lululemon's dip is potentially the best deal in the apparel industry today, analysts and institutions still see double-digit upside for the stock

April 16, 2024 | marketbeat.com

Retail Investors Can Follow Goldman Sachs' Moves This Quarter

The most expected time of the quarter is here. Earnings season for financial stocks has kicked off, letting investors gain insight into the pulse of the global financial markets.

April 16, 2024 | marketbeat.com

Retail Investors Can Follow Goldman Sachs' Moves This Quarter (GS)

Goldman Sachs joins the Wall Street view of stocks having potentially more room to move higher, the business cycle is only getting started

April 16, 2024 | marketbeat.com

Kinder Morgan Stock Bid Up In An Oil Breakout (GS)

Kinder Morgan is the oil stock that stood out to markets enough to bring its valuation to a premium above peers, and analysts still see a double-digit upside

April 18, 2024 | Weiss Ratings (Ad)

Nvidia Has a BIG Problem — Here’s Who Benefits MOST

April 15, 2024 | marketbeat.com

A strong quarter for Wall Street lifts Goldman's first-quarter results

Goldman Sachs said Monday it saw a double-digit rise in its first-quarter profits, lifted broadly by the stock and bond markets’ performances in the first months of the year

April 12, 2024 | marketbeat.com

You Can Follow BlackRock’s Market View for Your Money (GS)

BlackRock's quarterly results point Main Street in one direction. Stocks are still in favor as clients chose to invest in passive management rather than bonds

April 11, 2024 | marketbeat.com

3 High Dividend Stocks to Replace Lower Savings Yields Ahead (GS)

Three stocks stand out as the most attractive dividend propositions, particularly now that savings yields may drop as a result of the Fed's rate cuts

April 18, 2024 | investorplace.com

The 3 Best Bank Stocks to Buy on Q1 Earnings Results

April 18, 2024 | finance.yahoo.com

Goldman Markets New Bonds After Perpetual Notes Deal This Week

April 18, 2024 | investorplace.com

Recession-Proof Riches: 3 Stocks That Thrive in Any Economy

April 18, 2024 | fortune.com

The executor of O.J. Simpson’s estate on $33.5 million judgment: ‘It’s my hope that the Goldmans get zero, nothing. Them specifically’

April 18, 2024 | investorplace.com

Want to Double Your Tax Refund in 2024? 7 Stocks to Buy Now.

April 18, 2024 | forbes.com

JPMorgan Joins Goldman Sachs In Serious Bitcoin Halving Price Warning

April 18, 2024 | marketwatch.com

U.S. unemployment would be higher if illegal immigration was properly counted, Goldman Sachs estimates

April 18, 2024 | americanbankingnews.com

Q3 2024 Earnings Forecast for The Goldman Sachs Group, Inc. Issued By Seaport Res Ptn (NYSE:GS)

April 17, 2024 | markets.businessinsider.com

Analysts Are Neutral on These Financial Stocks: Goldman Sachs Group (GS), Charles Schwab (SCHW)

April 17, 2024 | msn.com

Dow rallies nearly 125 points on gains in shares of UnitedHealth, Goldman Sachs

April 17, 2024 | msn.com

First Mover Americas: BTC Post-Halving – Remember the Macroeconomy: Goldman Sachs

April 17, 2024 | msn.com

Dow rallies 187 points on gains in UnitedHealth, Goldman Sachs stocks

April 17, 2024 | finance.yahoo.com

A Big Takeaway From Bank Earnings? Wall Street Is Winning Again.

April 17, 2024 | 247wallst.com

Want $2000 In Passive Income? Invest $1000 Into These Dividend Stocks

April 17, 2024 | americanbankingnews.com

The Goldman Sachs Group (NYSE:GS) Price Target Raised to $360.00 at BMO Capital Markets

See More Headlines

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Company Calendar

Ex-Dividend for 3/28 Dividend: 2/28/2024
Dividend Payable: 3/28/2024
Last Earnings: 4/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 7/17/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Security brokers & dealers
Sub-Industry: Investment Banking & Brokerage
Current Symbol: NYSE:GS
CUSIP: 38141G10
CIK: 886982
Web: www.goldmansachs.com
Phone: (212) 902-1000
Fax: 212-902-3000
Employees: 45,300
Year Founded: 1869

Price Target and Rating

Average Stock Price Target: $434.93
High Stock Price Target: $493.00
Low Stock Price Target: $351.00
Potential Upside/Downside: +7.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.75
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $25.61
Trailing P/E Ratio: 15.79
Forward P/E Ratio: 12.34
P/E Growth: 1.54
Net Income: $8.52 billion
Net Margins: 8.17%
Pretax Margin: 10.40%
Return on Equity: 8.65%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: 1.98
Current Ratio: 1.12
Quick Ratio: 0.76

Sales & Book Value

Annual Sales: $108.42 billion
Price / Sales: 1.21
Cash Flow: $41.77 per share
Price / Cash Flow: 9.68
Book Value: $363.61 per share
Price / Book: 1.11

Miscellaneous

Outstanding Shares: 324,530,000
Free Float: 322,775,000
Market Cap: $131.22 billion
Optionable: Optionable
Beta: 1.43

Social Links

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Key Executives

Mr. David Solomon (Age 62)
Chairman & CEO
Comp: $11.02M
Mr. John E. Waldron (Age 54)
President & COO
Comp: $13.47M
Mr. Denis P. Coleman III (Age 49)
Chief Financial Officer
Comp: $9.73M
Ms. Kathryn H. Ruemmler (Age 52)
Chief Legal Officer, Secretary & General Counsel
Comp: $7.37M
Mr. Philip R. Berlinski (Age 47)
Global Treasurer
Comp: $9.41M
Mr. J. D. Gardner
Director
Ms. Sheara J. Fredman (Age 48)
Controller & Chief Accounting Officer
F. X. De Mallmann
Chair of Investment Banking
Mr. Atte Lahtiranta
Partner & Chief Technology Officer
Mr. Marco Argenti
Partner & Chief Information Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

Should I Buy The Goldman Sachs Group Stock? GS Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in The Goldman Sachs Group, Inc.:

The Goldman Sachs Group, Inc. operates through various segments, including Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, providing diversified revenue streams.
The company offers a wide range of financial services for corporations, financial institutions, governments, and individuals worldwide, showcasing its global presence and market reach.
Goldman Sachs has a strong track record in financial advisory services, including strategic advisory assignments related to mergers and acquisitions, which can attract clients seeking expert guidance in complex financial transactions.
The Asset & Wealth Management segment of Goldman Sachs manages assets across various classes, offering investors exposure to diverse investment opportunities and potential for portfolio growth.
Investors may find the current stock price of The Goldman Sachs Group, Inc. attractive for potential value appreciation, considering the company's market position and growth prospects.

Cons

Investors should be bearish about investing in The Goldman Sachs Group, Inc. for these reasons:

Regulatory challenges and changes in the financial industry landscape may impact Goldman Sachs' operations and profitability, leading to uncertainties for investors.
The company's reliance on institutional investors for a significant portion of its stock ownership could introduce volatility in the stock price, potentially affecting investor sentiment.
Market fluctuations and economic downturns can influence the performance of financial institutions like Goldman Sachs, posing risks to investors in terms of potential losses or reduced returns.
Competition in the financial services sector is intense, with other major players vying for market share, which could pressure Goldman Sachs' margins and market position over time.
Investors should carefully consider the overall market conditions and economic outlook before making investment decisions related to The Goldman Sachs Group, Inc., as external factors can impact the company's performance and stock valuation.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, April 12, 2024. Please send any questions or comments about these The Goldman Sachs Group pros and cons to contact@marketbeat.com.

GS Stock Analysis - Frequently Asked Questions

Should I buy or sell The Goldman Sachs Group stock right now?: 20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last year. There are currently 5 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" GS shares.
View GS analyst ratings or view top-rated stocks.
What is The Goldman Sachs Group's stock price target for 2024?: 20 analysts have issued 12 month target prices for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $493.00. On average, they anticipate the company's share price to reach $434.93 in the next year. This suggests a possible upside of 7.7% from the stock's current price.
View analysts price targets for GS or view top-rated stocks among Wall Street analysts.
How have GS shares performed in 2024?: The Goldman Sachs Group's stock was trading at $385.77 at the start of the year. Since then, GS stock has increased by 4.7% and is now trading at $403.85.
View the best growth stocks for 2024 here.
Are investors shorting The Goldman Sachs Group?: The Goldman Sachs Group saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 5,090,000 shares, an increase of 9.0% from the March 15th total of 4,670,000 shares. Based on an average daily volume of 2,280,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.6% of the company's stock are sold short.
View The Goldman Sachs Group's Short Interest.
When is The Goldman Sachs Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 17th 2024.
View our GS earnings forecast.
How were The Goldman Sachs Group's earnings last quarter?: The Goldman Sachs Group, Inc. (NYSE:GS) issued its earnings results on Monday, April, 15th. The investment management company reported $11.58 EPS for the quarter, beating analysts' consensus estimates of $8.54 by $3.04. The investment management company earned $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a trailing twelve-month return on equity of 8.65%. The Goldman Sachs Group's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $8.79 earnings per share.
Read the conference call transcript.
How often does The Goldman Sachs Group pay dividends? What is the dividend yield for The Goldman Sachs Group?: The Goldman Sachs Group declared a quarterly dividend on Thursday, April 11th. Shareholders of record on Thursday, May 30th will be given a dividend of $2.75 per share on Thursday, June 27th. This represents a $11.00 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, May 30th.
Read our dividend analysis for GS.
Is The Goldman Sachs Group a good dividend stock?: The Goldman Sachs Group (NYSE:GS) pays an annual dividend of $11.00 per share and currently has a dividend yield of 2.77%. 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 42.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

What ETFs hold The Goldman Sachs Group's stock?: 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), Global X Dow 30 Covered Call & Growth ETF (DYLG), SPDR Dow Jones Industrial Average ETF Trust (DIA), Nationwide Dow Jones Risk-Managed Income ETF (NDJI), Global X Dow 30 Covered Call ETF (DJIA), InfraCap Equity Income Fund ETF (ICAP) and ProShares Ultra Dow30 (DDM).
What is David M. Solomon's approval rating as The Goldman Sachs Group's CEO?: 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.
What other stocks do shareholders of The Goldman Sachs Group own?: 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).
Who are The Goldman Sachs Group's major shareholders?: The Goldman Sachs Group's stock is owned by a number of institutional and retail investors. Top institutional investors include International Assets Investment Management LLC (1.40%), Congress Wealth Management LLC DE (0.20%), Los Angeles Capital Management LLC (0.07%), Cacti Asset Management LLC (0.06%), Miller Howard Investments Inc. NY (0.05%) and Daymark Wealth Partners LLC (0.04%). Insiders that own company stock include Brian J Lee, David A Viniar, David M Solomon, Denis P Coleman, Ericka T Leslie, Goldman Sachs Group Inc, John E Waldron, Kathryn H Ruemmler, Philip R Berlinski and Sheara J Fredman.
View institutional ownership trends.
How do I buy shares of The Goldman Sachs Group?: Shares of GS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does The Goldman Sachs Group have any subsidiaries?: The following companies are subsidiares of The Goldman Sachs Group: ALQ Holdings (Del) LLC, ALQ Holdings (Singapore) Pte. Ltd., Asia Investing Holdings Pte. Ltd., BSPI Holdings L.L.C., BSPI Intermediate Holdings L.L.C., Bond Street, Boyd Corporation, Broad Street Credit Holdings LLC, Broad Street Investments Holding (Singapore) PTE. Ltd., Broad Street Principal Investments L.L.C., Broad Street Principal Investments Superholdco LLC, Capital Vision Services, Carver Korea, Clarity Money, ClearFactr, ELQ Investors VI Ltd, ELQ Investors VIII Ltd, ELQ Lux Holding S.A R.L., Final, Financeit, Folio Institutional, GLQ Holdings (UK) Ltd, GLQ International Holdings Ltd, GLQ International Partners LP, GLQC S.A R.L., GS Asian Venture (Delaware) L.L.C., GS Diversified Funding LLC, GS European Funding S.A R.L., GS Financial Services II LLC, GS Financial Services L.P. (Del), GS Fund Holdings L.L.C., GS Funding Europe, GS Funding Europe I Ltd., GS Funding Europe V Limited, GS Funding Europe VI Ltd, GS Lending Partners Holdings LLC, GS Sponsor LLC, GSAM Holdings LLC, GSSG Holdings LLC, General Motors - Credit Card Business, Genesis Capital LLC, Global Consumer Products, Goldman Sachs & Co. LLC, Goldman Sachs (Asia) Corporate Holdings L.L.C., Goldman Sachs (Asia) Finance, Goldman Sachs (Asia) L.L.C., Goldman Sachs (Cayman) Holding Company, Goldman Sachs (Japan) Ltd., Goldman Sachs (UK) L.L.C., Goldman Sachs Asset Management International, Goldman Sachs Asset Management L.P., Goldman Sachs Australia Pty Ltd, Goldman Sachs Bank Europe SE, Goldman Sachs Bank USA, Goldman Sachs Equity Investments (Singapore) Pte. Ltd., Goldman Sachs Financial Markets Pty Ltd, Goldman Sachs Funding LLC, Goldman Sachs Gao Hua Securities, Goldman Sachs Group Holdings (U.K.) Limited, Goldman Sachs Group UK Limited, Goldman Sachs Holdings (Asia Pacific) Limited, Goldman Sachs Holdings (Hong Kong) Limited, Goldman Sachs Holdings (Singapore) Pte. Ltd., Goldman Sachs Holdings ANZ Pty Limited, Goldman Sachs International, Goldman Sachs International Bank, Goldman Sachs Japan Co. Ltd., Goldman Sachs LLC, Goldman Sachs Lending Partners LLC, Goldman Sachs Mortgage Company, Goldman Sachs PSI Global Holdings LLC, Goldman Sachs UK Funding Limited, GreenSky, Honest Dollar, Horizon Fund, Horizon Fundo De Investimento Multimercado Credito Privado — Investimento No Exterior, Hull Group, Hull Trading Asia Limited, J. Aron & Company (Singapore) Pte., J. Aron & Company LLC, Jade Dragon ANZ Investments Pte. Ltd., MTGLQ Investors L.P., Meilleurtaux.com, Mellon Ventures, Mercer Investments (Singapore) Pte. Ltd., Murray Street Corporation, NN Investment Partners, Pacific Global Advisors, Pantor, Slickdeals, Spear Leeds & Kellogg, Special Situations Investing Group II LLC, Special Situations Investing Group III Inc., Sphere Fund, Sphere Fundo De Investimento Multimercado — Investimento No Exterior Credito Privado, The Goldman Sachs Group Inc., Titanium Luxco 2 S.A R.L., Titanium UK Holdco 1 Limited, USI Holding, United Capital, United Capital Financial Advisers, Wall Street, and YOHO Manipal.
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This page (NYSE:GS) was last updated on 4/18/2024 by MarketBeat.com Staff

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