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

21 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 16 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?

21 brokers have issued 12-month price objectives for The Goldman Sachs Group's stock. Their GS share price targets range from $351.00 to $517.00. On average, they anticipate the company's stock price to reach $440.57 in the next twelve months. This suggests that the stock has a possible downside of 3.7%. 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 stock has increased by 18.5% and is now trading at $457.30. View the best growth stocks for 2024 here .

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a decrease in short interest during the month of May. As of May 31st, there was short interest totaling 5,610,000 shares, a decrease of 9.2% from the May 15th total of 6,180,000 shares. Based on an average trading volume of 2,290,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.8% of the company's shares 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, July 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, July 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) issued its quarterly earnings data on Monday, April, 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The investment management company earned $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a trailing twelve-month return on equity of 8.86%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $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 announced a quarterly dividend on Thursday, April 11th. Stockholders 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 dividend yield of 2.41%. The ex-dividend date of this dividend 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 2.46%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. 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 27.65% 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) , MicroSectors US Big Banks Index 3X Leveraged ETN (BNKU) , MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD) , Invesco KBW Bank ETF (KBWB) , Global X Dow 30 Covered Call ETF (DJIA) , SPDR Dow Jones Industrial Average ETF Trust (DIA) , Global X Dow 30 Covered Call & Growth ETF (DYLG) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI) .

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.75%), Capital World Investors (1.86%), Bank of New York Mellon Corp (1.51%), Price T Rowe Associates Inc. MD (1.46%), International Assets Investment Management LLC (1.40%) and Jennison Associates LLC (0.56%). 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

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NYSE:GS

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

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$457.30

+7.12 (+1.58%)

(As of 06/18/2024 ET)

Compare

Today's Range: $448.67
▼
$457.69
50-Day Range: $389.44
▼
$470.41
52-Week Range: $289.36
▼
$471.48

Volume: 1.80 million shs
Average Volume: 2.28 million shs
Market Capitalization: $147.46 billion

P/E Ratio: 17.86
Dividend Yield: 2.41%
Price Target: $440.57

Get The Goldman Sachs Group alerts:

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.76 Rating Score
Upside/Downside: 3.7% Downside
$440.57 Price Target
Short Interest: Healthy
1.75% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.40
Upright™ Environmental Score
News Sentiment: 0.89
Based on 29 Articles This Week
Insider Trading: Selling Shares
$27.52 M Sold Last Quarter
Proj. Earnings Growth: 8.81%
From $36.57 to $39.79 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.

4.92 out of 5 stars

Finance Sector

37th out of 872 stocks

Security Brokers & Dealers Industry

3rd out of 25 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 2.76, and is based on 16 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
The Goldman Sachs Group has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
Read more about The Goldman Sachs Group's stock forecast and price target.

5.0

Short Interest

Percentage of Shares Shorted
1.75% 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 2.4, 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 decreased by 9.22%, indicating that investor sentiment is improving significantly.

4.2

Dividend Strength

Dividend Yield
The Goldman Sachs Group pays a meaningful dividend of 2.46%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
The Goldman Sachs Group has been increasing its dividend for 12 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 27.65% next year. This indicates that The Goldman Sachs Group will be able to sustain or increase its dividend.
Read more about The Goldman Sachs Group's 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.

1.6

News and Social Media Coverage

News Sentiment
The Goldman Sachs Group has a news sentiment score of 0.89. 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 news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 29 news articles for The Goldman Sachs Group this week, compared to 35 articles on an average week.
Search Interest
Only 55 people have searched for GS on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.
MarketBeat Follows
Only 46 people have added The Goldman Sachs Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -40% 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 $27,521,250.00 in company stock.
Percentage Held by Insiders
Only 0.57% 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.
Read more about The Goldman Sachs Group's insider trading history.

3.8

Earnings and Valuation

Earnings Growth
Earnings for The Goldman Sachs Group are expected to grow by 8.81% in the coming year, from $36.57 to $39.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of The Goldman Sachs Group is 17.86, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of The Goldman Sachs Group is 17.86, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 42.76.
Price to Earnings Growth Ratio
The Goldman Sachs Group has a PEG Ratio of 0.90. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
The Goldman Sachs Group has a P/B Ratio of 1.41. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
Read more about The Goldman Sachs Group's valuation and earnings.

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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.

Written by Jeffrey Neal Johnson

GS Stock Price History

30 days | 90 days | 365 days | Advanced Chart

GS Stock News Headlines

June 18 at 10:45 AM | marketbeat.com

Apple kills off its buy now, pay later service service barely a year after launch

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The Goldman Sachs Group, Inc. (NYSE:GS) Major Shareholder Sells $25,360,000.00 in Stock

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June 13, 2024 | marketbeat.com

Ozy Media went from buzzy to belly-up. Its founder, Carlos Watson, is now on trial

For nearly a decade, Ozy Media projected an image of new-media success

June 12, 2024 | marketbeat.com

Top 4 Fastest Growing S&P 500 Dividends: Buy, Sell, or Hold?

Dividends are a leading reason to buy a stock because the stock pays you to own it. Growing dividend distributions are more valuable than those that aren't; by extension, distributions growing faster than average are even more valuable.

June 12, 2024 | marketbeat.com

Top 4 Fastest Growing S&P 500 Dividends: Buy, Sell, or Hold? (GS)

The fastest-growing dividends in the S&P 500 are good buys, but that doesn't mean it's time to buy them now; only one is accelerating distribution growth.

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June 11, 2024 | marketbeat.com

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A Silicon Valley-backed initiative to build a green city for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot

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May 29, 2024 | marketbeat.com

Cleveland Fed names Goldman Sachs executive Hammack to succeed Mester as president

The Cleveland branch of the Federal Reserve says that Beth Hammack, an executive at investment bank Goldman Sachs, would be its next president effective Aug. 21

June 19, 2024 | Weiss Ratings (Ad)

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A line of unsold 2024 Edge utility vehicles sit at a Ford dealership Sunday, May 19, 2024, in Denve…

May 29, 2024 | marketbeat.com

Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause

Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation

May 22, 2024 | marketbeat.com

Abrupt shutdown of financial middleman Synapse has frozen thousands of Americans' deposits

The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of financial technology company Synapse, which acts as a middleman between financial technology companies and banks

May 22, 2024 | marketbeat.com

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Are there any safe stocks out there? Investors need to align their portfolios with fundamental factors more than ever as rotating industries pose a new set of risks (and rewards).

June 19 at 4:14 AM | americanbankingnews.com

Goldman Sachs Group Inc Sells 4,000,000 Shares of The Goldman Sachs Group, Inc. (NYSE:GS) Stock

June 19 at 1:00 AM | cnbc.com

Klarna rival Zilch raises $125 million with aim to triple sales and accelerate path to IPO

June 18 at 1:02 PM | stocknews.com

3 Financial Powerhouses to Anchor Your Balanced Portfolio

June 17 at 7:08 AM | marketwatch.com

Goldman ups S&P 500 target for a third time — and says 6,300 is possible

June 16 at 4:44 AM | americanbankingnews.com

The Goldman Sachs Group (NYSE:GS) Trading Down 1%

June 15, 2024 | fortune.com

Wall Street forecasters are struggling to keep up with the stock market's relentless surge as the S&P 500 blows past year-end targets

June 15, 2024 | investorplace.com

The 3 Best Stocks to Invest In for Big Gains in 2024: June Edition

June 13, 2024 | pymnts.com

Goldman Plans to Double Loans to Super-Rich Clients

June 13, 2024 | benzinga.com

Goldman Sachs Reaffirms September Rate Cut Forecast, Downplays Fed's 'Hawkish Surprise'

June 13, 2024 | reuters.com

Exclusive: Goldman Sachs aims to double lending to wealthy private bank clients

June 8, 2024 | fool.com

3 Capital Markets Stocks to Buy Hand Over Fist in June

June 6, 2024 | investing.com

Goldman Sachs sets target on Viridian shares with buy rating

June 6, 2024 | investing.com

Ultragenyx shares upgraded to Buy by Goldman Sachs

June 5, 2024 | fortune.com

Goldman Sachs says family offices want to emulate Ryan Reynolds and Rob McElhenney by investing in lower-tier teams, NASCAR, and UFC

June 4, 2024 | investorplace.com

Dividend Aristocrats in Disguise: 3 Stocks With Royal Payout Potential

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
Ex-Dividend for 6/27 Dividend: 5/30/2024
Today: 6/18/2024
Dividend Payable: 6/27/2024
Next Earnings (Confirmed): 7/15/2024
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: $440.57
High Stock Price Target: $517.00
Low Stock Price Target: $351.00
Potential Upside/Downside: -3.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.76
Research Coverage: 21 Analysts

Profitability

EPS (Most Recent Fiscal Year): $25.61
Trailing P/E Ratio: 17.86
Forward P/E Ratio: 12.50
P/E Growth: 0.9
Net Income: $8.52 billion
Net Margins: 8.17%
Pretax Margin: 10.40%
Return on Equity: 8.86%
Return on Assets: 0.58%

Debt

Debt-to-Equity Ratio: 2.18
Current Ratio: 0.74
Quick Ratio: 0.74

Sales & Book Value

Annual Sales: $108.42 billion
Price / Sales: 1.36
Cash Flow: $41.99 per share
Price / Cash Flow: 10.89
Book Value: $324.13 per share
Price / Book: 1.41

Miscellaneous

Outstanding Shares: 322,460,000
Free Float: 320,626,000
Market Cap: $147.46 billion
Optionable: Optionable
Beta: 1.39

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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. 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
Ms. Carey Halio
Global Treasurer, Chief Strategy Officer & Global Head of Investor Relations

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. has shown consistent growth in revenue and profitability over the past few quarters, indicating a strong financial performance.
Recent market analysis suggests that The Goldman Sachs Group, Inc. stock is currently undervalued, presenting a potential buying opportunity for investors.
The company has a solid track record of paying dividends to its shareholders, providing a source of passive income.
The Goldman Sachs Group, Inc. has a strong reputation in the financial industry, which can attract investor confidence and trust.
With a diversified portfolio of financial services, The Goldman Sachs Group, Inc. is well-positioned to capitalize on various market trends and opportunities.

Cons

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

The financial sector is subject to regulatory changes and economic fluctuations, which can impact the performance of companies like The Goldman Sachs Group, Inc.
Increased competition in the financial services industry may put pressure on The Goldman Sachs Group, Inc.'s market share and profitability.
Market volatility can affect the stock price of The Goldman Sachs Group, Inc., leading to potential short-term losses for investors.
Changes in interest rates and global economic conditions can influence the company's revenue streams and overall financial health.
Investing in The Goldman Sachs Group, Inc. requires a thorough understanding of complex financial products and services, which may not be suitable for all investors.

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 Tuesday, June 4, 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?: 21 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 16 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?: 21 brokers have issued 12-month price objectives for The Goldman Sachs Group's stock. Their GS share price targets range from $351.00 to $517.00. On average, they anticipate the company's stock price to reach $440.57 in the next twelve months. This suggests that the stock has a possible downside of 3.7%.
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 stock has increased by 18.5% and is now trading at $457.30.
View the best growth stocks for 2024 here.
Are investors shorting The Goldman Sachs Group?: The Goldman Sachs Group saw a decrease in short interest during the month of May. As of May 31st, there was short interest totaling 5,610,000 shares, a decrease of 9.2% from the May 15th total of 6,180,000 shares. Based on an average trading volume of 2,290,000 shares, the short-interest ratio is presently 2.4 days. Approximately 1.8% of the company's shares 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, July 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, July 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) issued its quarterly earnings data on Monday, April, 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The investment management company earned $14.21 billion during the quarter, compared to analyst estimates of $12.94 billion. The Goldman Sachs Group had a net margin of 8.17% and a trailing twelve-month return on equity of 8.86%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the business earned $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 announced a quarterly dividend on Thursday, April 11th. Stockholders 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 dividend yield of 2.41%. The ex-dividend date of this dividend 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 2.46%. The company has been increasing its dividend for 12 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. 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 27.65% 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), MicroSectors US Big Banks Index 3X Leveraged ETN (BNKU), MicroSectors US Big Banks Index -3X Inverse Leveraged ETN (BNKD), Invesco KBW Bank ETF (KBWB), Global X Dow 30 Covered Call ETF (DJIA), SPDR Dow Jones Industrial Average ETF Trust (DIA), Global X Dow 30 Covered Call & Growth ETF (DYLG) and Nationwide Dow Jones Risk-Managed Income ETF (NDJI).
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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.75%), Capital World Investors (1.86%), Bank of New York Mellon Corp (1.51%), Price T Rowe Associates Inc. MD (1.46%), International Assets Investment Management LLC (1.40%) and Jennison Associates LLC (0.56%). 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 6/19/2024 by MarketBeat.com Staff

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