Headlines about Goldman Sachs Group (NYSE:GS) have trended positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goldman Sachs Group earned a media sentiment score of 0.32 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 45.4411277234371 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
Goldman Sachs Group (GS) traded up $1.90 during midday trading on Monday, hitting $257.03. 2,849,100 shares of the stock traded hands, compared to its average volume of 2,688,967. Goldman Sachs Group has a 12-month low of $209.62 and a 12-month high of $262.14. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $96,950.00, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 0.94 and a beta of 1.47.
Goldman Sachs Group (NYSE:GS) last posted its earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.17 by $0.85. Goldman Sachs Group had a net margin of 26.42% and a return on equity of 11.34%. The firm had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. During the same quarter in the prior year, the business posted $4.88 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. equities analysts forecast that Goldman Sachs Group will post 18.98 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were paid a $0.75 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $3.00 annualized dividend and a dividend yield of 1.17%. Goldman Sachs Group’s payout ratio is 15.58%.
A number of research analysts recently issued reports on GS shares. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $202.00 target price on shares of Goldman Sachs Group in a research report on Friday, October 6th. Credit Suisse Group downgraded shares of Goldman Sachs Group from an “outperform” rating to a “neutral” rating and boosted their target price for the company from $240.00 to $255.00 in a research report on Monday, October 9th. They noted that the move was a valuation call. Citigroup reiterated a “neutral” rating and set a $250.00 target price (up previously from $225.00) on shares of Goldman Sachs Group in a research report on Monday, October 9th. Finally, TheStreet upgraded shares of Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Friday, October 13th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $250.89.
In other news, insider David M. Solomon sold 12,707 shares of the company’s stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total value of $3,023,503.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 7,393 shares of the company’s stock in a transaction on Friday, October 20th. The stock was sold at an average price of $245.18, for a total transaction of $1,812,615.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock valued at $32,435,160. Company insiders own 2.57% of the company’s stock.
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Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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