Goldman Sachs Group, Inc. (The) (NYSE:GS) Earns Daily Coverage Optimism Rating of 0.24
Media coverage about Goldman Sachs Group, Inc. (The) (NYSE:GS) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldman Sachs Group, Inc. (The) earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave media coverage about the investment management company an impact score of 44.9421314315706 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- REFILE-Goldman to use ‘personality test’ for hiring decisions – Nasdaq (nasdaq.com)
- Goldman Sachs Group, Inc. (The) (GS) Shares Bought by Comerica Securities Inc – ExpressNewsline (expressnewsline.com)
- Goldman Sells U.K. Insurer Stake to GIC, Blackstone, MassMutual (finance.yahoo.com)
- Blackstone, GIC lead buyout of Goldman’s Rothesay Life stake (finance.yahoo.com)
- Goldman’s Pensions Exit (finance.yahoo.com)
GS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lowered their target price on shares of Goldman Sachs Group, Inc. (The) to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, April 18th. Rafferty Capital Markets cut shares of Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating and lowered their target price for the stock from $288.00 to $221.00 in a research note on Tuesday, April 18th. Citigroup Inc. upgraded shares of Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating and set a $225.00 target price for the company in a research note on Wednesday, April 19th. Credit Suisse Group restated a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a research note on Wednesday, April 19th. Finally, Bank of America Corporation decreased their price objective on shares of Goldman Sachs Group, Inc. (The) from $275.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Goldman Sachs Group, Inc. (The) presently has a consensus rating of “Hold” and a consensus price target of $235.25.
Shares of Goldman Sachs Group, Inc. (NYSE:GS) traded down 0.45% on Wednesday, hitting $231.01. 2,571,146 shares of the stock traded hands. Goldman Sachs Group, Inc. has a 12 month low of $157.77 and a 12 month high of $255.15. The company has a market cap of $93.07 billion, a PE ratio of 12.11 and a beta of 1.42. The firm’s 50 day moving average is $224.19 and its 200-day moving average is $229.87.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last posted its quarterly earnings data on Tuesday, July 18th. The investment management company reported $3.95 EPS for the quarter, topping analysts’ consensus estimates of $3.39 by $0.56. The firm had revenue of $7.89 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Goldman Sachs Group, Inc. (The) had a return on equity of 11.27% and a net margin of 26.44%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business posted $3.72 EPS. Equities analysts predict that Goldman Sachs Group, Inc. will post $18.19 earnings per share for the current year.
Goldman Sachs Group, Inc. (The) announced that its Board of Directors has initiated a share repurchase program on Tuesday, April 18th that allows the company to repurchase 50,000,000 outstanding shares. This repurchase authorization allows the investment management company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 31st will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 1.30%. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is presently 15.74%.
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In other Goldman Sachs Group, Inc. (The) news, Director David A. Viniar sold 4,590 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $227.79, for a total value of $1,045,556.10. Following the sale, the director now directly owns 854,925 shares of the company’s stock, valued at approximately $194,743,365.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David M. Solomon sold 3,260 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $231.59, for a total value of $754,983.40. Following the completion of the sale, the insider now directly owns 177,594 shares in the company, valued at $41,128,994.46. The disclosure for this sale can be found here. 2.57% of the stock is currently owned by company insiders.
Goldman Sachs Group, Inc. (The) 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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