Somewhat Positive Press Coverage Very Unlikely to Impact Goldman Sachs Group (GS) Share Price

News stories about Goldman Sachs Group (NYSE:GS) have trended somewhat positive on Friday, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Goldman Sachs Group earned a media sentiment score of 1.50 on their scale. InfoTrie also assigned press coverage about the investment management company an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an impact on the stock’s share price in the near term.

These are some of the news stories that may have impacted Goldman Sachs Group’s score:

Shares of GS stock opened at $176.00 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.04. The stock has a market cap of $65.11 billion, a price-to-earnings ratio of 8.91, a P/E/G ratio of 0.58 and a beta of 1.13. Goldman Sachs Group has a 1-year low of $151.70 and a 1-year high of $275.31.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business had revenue of $8.65 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same quarter last year, the firm posted $5.02 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. Equities research analysts anticipate that Goldman Sachs Group will post 25.08 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Friday, November 30th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, November 29th. Goldman Sachs Group’s payout ratio is 16.19%.

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Co dropped their price objective on shares of Goldman Sachs Group from $305.00 to $235.00 and set an “outperform” rating for the company in a report on Tuesday, December 18th. Bank of America lowered their target price on shares of Goldman Sachs Group from $280.00 to $225.00 and set a “neutral” rating for the company in a research note on Sunday, December 9th. Zacks Investment Research lowered shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday. BMO Capital Markets increased their target price on shares of Goldman Sachs Group from $261.00 to $276.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 17th. They noted that the move was a valuation call. Finally, Barclays reaffirmed an “equal weight” rating and set a $247.00 target price (down previously from $289.00) on shares of Goldman Sachs Group in a research note on Wednesday, January 2nd. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $258.31.

In other news, VP Gregory K. Palm sold 16,451 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The shares were sold at an average price of $158.41, for a total value of $2,606,002.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.71% of the company’s stock.

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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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