Press coverage about Goldman Sachs Group (NYSE:GS) has trended positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goldman Sachs Group earned a coverage optimism score of 0.41 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.548129786516 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- Cappasity (CAPP) gets listed on KuCoin! (bitcoinist.com)
- Goldman Sachs (GS) a Sell This Week – Investorplace.com (investorplace.com)
- Worst-In-Class Goldman Sachs CEO Blankfein Gets 9% Pay Raise – TheStreet.com (thestreet.com)
- Goldman Sachs: ‘Buy-In’ Time Approaches – Seeking Alpha (seekingalpha.com)
- [$$] Wall Street’s Five CEOs Get Biggest Payday Since 2006 (finance.yahoo.com)
Goldman Sachs Group (NYSE GS) traded down $0.06 during midday trading on Friday, reaching $267.62. The company’s stock had a trading volume of 2,602,462 shares, compared to its average volume of 4,200,000. Goldman Sachs Group has a 1-year low of $209.62 and a 1-year high of $273.79. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market cap of $100,950.00, a PE ratio of 13.41, a P/E/G ratio of 0.96 and a beta of 1.37.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, topping the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a return on equity of 11.47% and a net margin of 13.36%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter last year, the business posted $5.08 EPS. The business’s revenue was down 4.2% on a year-over-year basis. equities analysts forecast that Goldman Sachs Group will post 21.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 15.03%.
Several equities analysts have recently commented on GS shares. Zacks Investment Research upgraded Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective on the stock in a research report on Friday, October 20th. Vertical Group lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 6th. Royal Bank of Canada reiterated a “hold” rating and set a $240.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, November 15th. JPMorgan Chase & Co. restated a “buy” rating on shares of Goldman Sachs Group in a report on Monday, November 20th. Finally, Bank of America increased their target price on Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $256.75.
In other Goldman Sachs Group news, Director David A. Viniar sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.02, for a total value of $5,950,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lloyd C. Blankfein sold 20,794 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.38, for a total value of $4,956,873.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 167,843 shares of company stock valued at $41,855,427. Company insiders own 2.57% of the company’s stock.
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About Goldman Sachs Group
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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