Headlines about Goldman Sachs Group (NYSE:GS) have been trending positive on Thursday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Goldman Sachs Group earned a news sentiment score of 0.36 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.6453785039236 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
Goldman Sachs Group opened at $220.18 on Thursday, according to MarketBeat.com. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.92 and a current ratio of 0.92. Goldman Sachs Group has a 12 month low of $214.64 and a 12 month high of $275.31. The company has a market capitalization of $83.68 billion, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 0.76 and a beta of 1.33.
Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, April 17th. The investment management company reported $6.95 EPS for the quarter, topping analysts’ consensus estimates of $5.58 by $1.37. Goldman Sachs Group had a net margin of 14.27% and a return on equity of 12.58%. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $8.73 billion. During the same period in the previous year, the firm earned $5.15 EPS. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. research analysts expect that Goldman Sachs Group will post 23.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Investors of record on Thursday, May 31st will be issued a $0.80 dividend. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.75. This represents a $3.20 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date is Wednesday, May 30th. Goldman Sachs Group’s payout ratio is presently 16.19%.
A number of analysts recently issued reports on the stock. ValuEngine lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, June 21st. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $260.00 price target on the stock in a research note on Tuesday, June 19th. BMO Capital Markets reaffirmed a “hold” rating and set a $245.00 price target (up previously from $221.00) on shares of Goldman Sachs Group in a research note on Wednesday, April 18th. Buckingham Research increased their price target on shares of Goldman Sachs Group from $285.00 to $292.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 17th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 price target on shares of Goldman Sachs Group in a research note on Tuesday, June 12th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $265.26.
In related news, insider David M. Solomon sold 3,497 shares of the business’s stock in a transaction that occurred on Tuesday, May 15th. The shares were sold at an average price of $244.40, for a total value of $854,666.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.71% of the stock is owned by insiders.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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