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S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
S&P 500   4,769.83
DOW   37,689.54
QQQ   409.52
US Navy helicopters fire at Yemen's Houthi rebels and kill several in latest Red Sea shipping attack
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
A lithium-ion battery fire in a cargo ship's hold is out after several days of burning
Chief Justice Roberts casts a wary eye on the uses of artificial intelligence in the federal courts
FINAL OFFER: $9 for a FULL YEAR of stock picks (Ad)
NYSE:GS

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

$385.77
-0.64 (-0.17%)
(As of 12/29/2023 ET)
Today's Range
$383.57
$386.64
50-Day Range
$289.90
$386.56
52-Week Range
$289.36
$387.76
Volume
881,319 shs
Average Volume
2.16 million shs
Market Capitalization
$125.80 billion
P/E Ratio
18.67
Dividend Yield
2.85%
Price Target
$393.99

The Goldman Sachs Group MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
2.1% Upside
$393.99 Price Target
Short Interest
Healthy
1.49% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.40
Upright™ Environmental Score
News Sentiment
0.59mentions of The Goldman Sachs Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$515,039 Sold Last Quarter
Proj. Earnings Growth
43.00%
From $22.44 to $32.09 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.46 out of 5 stars

Finance Sector

195th out of 867 stocks

Security Brokers & Dealers Industry

9th 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

Companies grew more confident about initial public offerings in 2023, raising recovery hopes
The IPO market limped ahead in 2023 and analysts expect a steadier recovery ahead
Ray Dalio keeps adding to this ETF, what's he thinking?
Ray Dalio is going to be happy with his newest purchases into Asian stocks, there are two in particular that could bring in a good bulk of returns to this play
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The truth behind NIO's 60.0% upside (GS)
NIO stock is on the rise, and its most recent quarter points to some of the reasons why traders are buying record volumes of call options, going up?
The truth behind Enphase's CEO buying stock lately
The future of oil could be spelled out in this coming result, there is one stock that analysts and markets bet will rise above the rest.
3 Fitness Stocks Ready to Rally in the New Year (GS)
This is the time for New Year's resolutions, which makes it a good time to consider these three fitness stocks as additions to your portfolio in 2024
A sudden volume spike in these 3 stocks could mean something big (GS)
Volume spikes at these three companies may show a greater trend behind them, and analysts say the reasoning checks out for a bullish case
Boeing glides past series of setbacks on new flight path (GS)
Boeing stock surged 24% in November. Analysts have a rating of "moderate buy" on the stock, encouraged by new airline orders and cash flow guidance
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Is Amazon a blue chip stock? (GS)
Is Amazon a blue chip stock or does it fit into a different category? Learn more about Amazon.com Inc. and how to categorize it with MarketBeat.
Last chance to set up your portfolio for OPEC cuts
OPEC is standing strong by its decision to make production cuts, and Goldman Sachs has a higher oil price in their mind. Markets have placed their bets here.
GS.PR.C The Goldman Sachs Group, Inc. PFD 1/1000 C
TransUnion price target raised by $9 at Goldman Sachs, here's why
See More Headlines
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Company Calendar

Last Earnings
10/17/2023
Ex-Dividend for 12/28 Dividend
11/29/2023
Dividend Payable
12/28/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Confirmed)
1/16/2024

Industry, Sector and Symbol

Industry
Security brokers & dealers
Sub-Industry
Investment Banking & Brokerage
Sector
Finance
CUSIP
38141G10
Employees
48,500
Year Founded
1869

Price Target and Rating

Average Stock Price Target
$393.99
High Stock Price Target
$468.00
Low Stock Price Target
$333.00
Potential Upside/Downside
+2.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
18 Analysts

Profitability

Net Income
$11.26 billion
Pretax Margin
9.93%

Debt

Sales & Book Value

Annual Sales
$68.71 billion
Cash Flow
$40.95 per share
Book Value
$317.95 per share

Miscellaneous

Free Float
324,351,000
Market Cap
$125.80 billion
Optionable
Optionable
Beta
1.44

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GS Stock Analysis - Frequently Asked Questions

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

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for The Goldman Sachs Group in the last year. There are currently 6 hold ratings and 12 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?

18 analysts have issued 12-month target prices for The Goldman Sachs Group's stock. Their GS share price targets range from $333.00 to $468.00. On average, they predict the company's share price to reach $393.99 in the next twelve months. This suggests a possible upside of 2.1% 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 2023?

The Goldman Sachs Group's stock was trading at $343.38 on January 1st, 2023. Since then, GS shares have increased by 12.3% and is now trading at $385.77.
View the best growth stocks for 2023 here
.

Are investors shorting The Goldman Sachs Group?

The Goldman Sachs Group saw a increase in short interest in December. As of December 15th, there was short interest totaling 4,820,000 shares, an increase of 13.1% from the November 30th total of 4,260,000 shares. Based on an average daily trading volume, of 2,130,000 shares, the short-interest ratio is presently 2.3 days. Approximately 1.5% of the company's shares are sold short.
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 Tuesday, January 16th 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 Tuesday, January 16th 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 Tuesday, October, 17th. The investment management company reported $5.47 earnings per share for the quarter, topping analysts' consensus estimates of $5.42 by $0.05. The investment management company had revenue of $11.82 billion for the quarter, compared to the consensus estimate of $11.15 billion. The Goldman Sachs Group had a trailing twelve-month return on equity of 7.37% and a net margin of 7.77%. The business's revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $8.25 EPS.
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 Thursday, October 12th. Shareholders of record on Thursday, November 30th will be given a dividend of $2.75 per share on Thursday, December 28th. This represents a $11.00 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, November 29th.
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 2.85%. 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 53.24%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GS will have a dividend payout ratio of 34.28% 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).

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 12/31/2023 by MarketBeat.com Staff

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