The Goldman Sachs Group, Inc. to Post FY2022 Earnings of $32.56 Per Share, Jefferies Financial Group Forecasts (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GSGet Rating) – Stock analysts at Jefferies Financial Group cut their FY2022 earnings per share (EPS) estimates for shares of The Goldman Sachs Group in a research report issued to clients and investors on Monday, January 9th. Jefferies Financial Group analyst D. Fannon now forecasts that the investment management company will post earnings per share of $32.56 for the year, down from their prior estimate of $34.42. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $32.86 per share. Jefferies Financial Group also issued estimates for The Goldman Sachs Group’s Q4 2022 earnings at $5.85 EPS, Q1 2023 earnings at $9.45 EPS, Q2 2023 earnings at $8.56 EPS, Q4 2023 earnings at $7.54 EPS, FY2023 earnings at $34.15 EPS, Q1 2024 earnings at $9.95 EPS, Q2 2024 earnings at $9.20 EPS, Q3 2024 earnings at $9.47 EPS, Q4 2024 earnings at $9.01 EPS and FY2024 earnings at $37.65 EPS.

Several other equities research analysts have also issued reports on the company. Oppenheimer reduced their price target on The Goldman Sachs Group from $512.00 to $492.00 and set an “outperform” rating for the company in a report on Wednesday, December 28th. Morgan Stanley reduced their target price on The Goldman Sachs Group from $384.00 to $356.00 and set an “equal weight” rating for the company in a report on Friday, January 6th. Wells Fargo & Company boosted their target price on The Goldman Sachs Group from $380.00 to $400.00 in a report on Wednesday, December 14th. Atlantic Securities lowered The Goldman Sachs Group from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $330.00 to $290.00 in a report on Wednesday, October 5th. Finally, JMP Securities boosted their target price on The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “market outperform” rating in a report on Tuesday, October 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $400.36.

The Goldman Sachs Group Stock Up 2.0 %

Shares of The Goldman Sachs Group stock opened at $364.48 on Wednesday. The firm has a market cap of $123.43 billion, a price-to-earnings ratio of 9.71 and a beta of 1.41. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.84 and a quick ratio of 0.84. The Goldman Sachs Group has a 52-week low of $277.84 and a 52-week high of $404.12. The stock has a 50-day simple moving average of $363.14 and a 200-day simple moving average of $335.92.

The Goldman Sachs Group (NYSE:GSGet Rating) last announced its quarterly earnings results on Tuesday, October 18th. The investment management company reported $8.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.47 by $0.78. The business had revenue of $11.98 billion during the quarter, compared to analyst estimates of $11.53 billion. The Goldman Sachs Group had a return on equity of 13.23% and a net margin of 22.50%. The firm’s revenue was down 12.0% on a year-over-year basis. During the same period in the previous year, the company earned $14.93 EPS.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Thursday, December 1st were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, November 30th. The Goldman Sachs Group’s dividend payout ratio is 26.63%.

Insider Activity at The Goldman Sachs Group

In related news, insider Brian J. Lee sold 10,000 shares of the business’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $385.84, for a total value of $3,858,400.00. Following the sale, the insider now owns 13,656 shares of the company’s stock, valued at approximately $5,269,031.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 10,000 shares of the stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $385.84, for a total transaction of $3,858,400.00. Following the sale, the insider now owns 13,656 shares of the company’s stock, valued at approximately $5,269,031.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Goldman Sachs Group Inc sold 22,644 shares of the firm’s stock in a transaction dated Monday, November 28th. The shares were sold at an average price of $20.52, for a total transaction of $464,654.88. Following the completion of the sale, the director now owns 1,304,295 shares of the company’s stock, valued at approximately $26,764,133.40. The disclosure for this sale can be found here. Insiders have sold a total of 4,847,711 shares of company stock valued at $117,408,700 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On The Goldman Sachs Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. My Personal CFO LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $125,000. Cairn Investment Group Inc. grew its position in shares of The Goldman Sachs Group by 2.8% during the 4th quarter. Cairn Investment Group Inc. now owns 10,314 shares of the investment management company’s stock worth $3,542,000 after buying an additional 285 shares during the period. Verity & Verity LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $773,000. Legacy Bridge LLC grew its position in shares of The Goldman Sachs Group by 5.9% during the 4th quarter. Legacy Bridge LLC now owns 1,640 shares of the investment management company’s stock worth $563,000 after buying an additional 92 shares during the period. Finally, Stolper Co grew its position in shares of The Goldman Sachs Group by 5.3% during the 4th quarter. Stolper Co now owns 14,479 shares of the investment management company’s stock worth $4,972,000 after buying an additional 732 shares during the period. Institutional investors and hedge funds own 69.09% 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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Earnings History and Estimates for The Goldman Sachs Group (NYSE:GS)

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