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S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?
S&P 500   5,149.42
DOW   38,790.43
QQQ   437.48
3 Large-Cap Stocks Buying Back Shares Aggressively
Semis, Nvidia Set for Big Moves as GTC Conference Kicks Off
Here’s Why Bitcoin Miners Stopped Rising With Bitcoin Prices
2 Deep Value, High Yield Stocks With a Double-Digit Upside
3 Stocks About to Boom on Unusual Call Option Volume
How major US stock indexes fared Monday, 3/18/2024
Oil Prices Up Again, Should You Buy This Time?

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

$384.37
-2.84 (-0.73%)
(As of 03/18/2024 ET)
Today's Range
$383.41
$389.03
50-Day Range
$376.91
$393.18
52-Week Range
$289.36
$397.49
Volume
1.55 million shs
Average Volume
2.34 million shs
Market Capitalization
$125.14 billion
P/E Ratio
16.84
Dividend Yield
2.86%
Price Target
$410.22

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.74 Rating Score
Upside/​Downside
6.7% Upside
$410.22 Price Target
Short Interest
Healthy
1.51% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.72mentions of The Goldman Sachs Group in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$15.08 M Sold Last Quarter
Proj. Earnings Growth
12.90%
From $32.79 to $37.02 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.

4.74 out of 5 stars

Finance Sector

87th out of 882 stocks

Security Brokers & Dealers Industry

4th out of 29 stocks

GS stock logo

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

GS Stock News Headlines

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Most investors focus on the volume profile of the stocks they analyze, forgetting that there is another primary market that can act as a leading indicator. Options often give you a glimpse of the direction the market expects a stock to take.
3 Stocks About to Boom on Unusual Call Option Volume (GS)
The writing is on the wall for a major trend in these three stocks, so clear that options traders came stampeding in to place their bullish bets
Central Bank Gold Heist In Progress
When central banks buy gold… The rich buy right along with them. And central banks are buying at breakneck pace. Last year… 1,037 tons. Just 45 tons less than the record set two years ago.
3 Large-Cap Stocks Buying Back Shares Aggressively (GS)
Management buybacks and Wall Street analyst price target boosts are the common story across these three stocks; get your money's worth in them
Oil Prices Up Again, Should You Buy This Time? (GS)
A new leg up for oil prices is causing a ripple effect throughout the market; three stocks quickly became favorite must-haves this cycle
MarketBeat Week in Review – 3/11 – 3/15 (GS)
Stocks are trending lower to end the week as inflation concerns dampen hopes for a June rate cut, which may cause analysts to start lowering price targets
Mastering Stocks in the Dow: Insights into the DJIA (GS)
What is the Dow Jones Industrial Average (DJIA)? The Dow Jones Industrial Average includes 30 companies, once all industrial companies. Learn more.
Sentinel One Stock Is the Growth Story Goldman Sachs Is Buying
Goldman Sachs has SentinelOne as a top pick for the coming months, and one last-minute buyer placed a multi-million dollar bet just before earnings are out
The only AI company you should be looking at
This is the ONLY AI company you should be watching right now. No. It's not Nvidia, Intel, or Microsoft... It's a tiny biotech using proprietary AI to assist in new drug discovery at a rate 100,000 times faster than a human. This new drug discovery technique will change the market. And that's why they received a $50 million investment from an AI powerhouse.
This Freight Stock Just Got an Upgrade and Institutional Buyers (GS)
Shipping and freight quotes are on the rise, futures traders are leading the way to a highly expected earnings cycle for the space. ZIM Integrated is a top pick
This Industrial Products Stock is Goldman’s Favorite This Cycle (GS)
This steel stock is about to see double-digit pops on the back of a residential boom. Goldman analysts see Mueller Water stock as a top pick this cycle
Goldman Likes This Apparel Stock, Markets Love It Even More
When professional traders at investment houses like The Goldman Sachs Group NYSE: GS look for places to put their capital to work, they must have a reliable process behind their selection to make the banks as much money as they do. Today, you will get a glimpse of the ‘top-down' analysis happening right now behind the screens of these professionals.
Goldman Sachs raises US real GDP growth forecast
15 Key Questions To Ask Your Financial Advisor
Goldman bumps up 2023 pay for top three executives
See More Headlines
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Company Calendar

Ex-Dividend for 12/28 Dividend
11/29/2023
Dividend Payable
12/28/2023
Last Earnings
1/16/2024
Ex-Dividend for 3/28 Dividend
2/28/2024
Today
3/18/2024
Dividend Payable
3/28/2024
Next Earnings (Confirmed)
4/15/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
CUSIP
38141G10
Employees
45,300
Year Founded
1869

Price Target and Rating

Average Stock Price Target
$410.22
High Stock Price Target
$506.00
Low Stock Price Target
$351.00
Potential Upside/Downside
+6.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.74
Research Coverage
19 Analysts

Profitability

Net Income
$8.52 billion
Pretax Margin
23.22%

Debt

Sales & Book Value

Annual Sales
$108.42 billion
Cash Flow
$40.63 per share
Book Value
$324.13 per share

Miscellaneous

Free Float
323,805,000
Market Cap
$125.39 billion
Optionable
Optionable
Beta
1.42

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of The Goldman Sachs Group was last updated on Wednesday, March 13, 2024 at 11:44 PM.

Pros

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

  • The Goldman Sachs Group has a strong presence in the global financial market, offering a wide range of financial services to various entities worldwide.
  • The company operates through different segments like Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, providing diversified revenue streams.
  • Goldman Sachs engages in financial advisory services, including strategic advisory assignments related to mergers and acquisitions, which can lead to significant revenue opportunities.
  • The Asset & Wealth Management segment manages assets across various classes, offering investors exposure to a diverse investment portfolio.
  • Investors may find the current stock price of The Goldman Sachs Group attractive for potential investment opportunities.

Cons

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

  • Market volatility and regulatory changes in the financial industry can impact the company's performance and stock value.
  • Competition in the financial services sector is intense, which may pose challenges for Goldman Sachs to maintain its market position.
  • Global economic uncertainties and geopolitical risks can affect the company's operations and financial results.
  • Changes in interest rates and economic conditions can influence the demand for financial services, potentially impacting Goldman Sachs' revenue streams.
  • Investing in financial institutions like Goldman Sachs carries inherent risks related to market fluctuations and economic downturns.

GS Stock Analysis - Frequently Asked Questions

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

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last twelve months. There are currently 5 hold ratings and 14 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?

19 analysts have issued 12 month price objectives for The Goldman Sachs Group's shares. Their GS share price targets range from $351.00 to $506.00. On average, they predict the company's stock price to reach $410.22 in the next year. This suggests a possible upside of 6.7% 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 on January 1st, 2024. Since then, GS shares have decreased by 0.4% and is now trading at $384.37.
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 February. As of February 29th, there was short interest totaling 4,880,000 shares, an increase of 22.9% from the February 14th total of 3,970,000 shares. Based on an average trading volume of 2,260,000 shares, the short-interest ratio is presently 2.2 days. Currently, 1.5% of the company's stock are short sold.
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 Monday, April 15th 2024.
View our GS earnings forecast
.

How can I listen to The Goldman Sachs Group's earnings call?

The Goldman Sachs Group will be holding an earnings conference call on Monday, April 15th at 9:30 AM Eastern. Interested parties can register for or listen to the call using this link.

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

The Goldman Sachs Group, Inc. (NYSE:GS) announced its quarterly earnings data on Tuesday, January, 16th. The investment management company reported $5.48 earnings per share for the quarter, topping analysts' consensus estimates of $3.62 by $1.86. The investment management company had revenue of $11.32 billion for the quarter, compared to analyst estimates of $10.80 billion. The Goldman Sachs Group had a net margin of 7.85% and a trailing twelve-month return on equity of 8.03%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.32 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 Friday, January 12th. Stockholders of record on Thursday, February 29th will be given a dividend of $2.75 per share on Thursday, March 28th. This represents a $11.00 annualized dividend and a yield of 2.86%. The ex-dividend date is Wednesday, February 28th.
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 2.83%. 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 48.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 29.71% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GS.

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 variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.77%), Vanguard Group Inc. (8.75%), Capital World Investors (1.84%), Fisher Asset Management LLC (1.69%), Fisher Asset Management LLC (1.69%) and Dodge & Cox (1.68%). 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
This page (NYSE:GS) was last updated on 3/18/2024 by MarketBeat.com Staff

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