FY2024 Earnings Forecast for GS Issued By Seaport Res Ptn

The Goldman Sachs Group, Inc. (NYSE:GS) – Equities research analysts at Seaport Res Ptn increased their FY2024 earnings per share estimates for The Goldman Sachs Group in a research note issued to investors on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now forecasts that the investment management company will earn $37.22 per share for the year, up from their prior estimate of $36.40. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $37.06 per share. Seaport Res Ptn also issued estimates for The Goldman Sachs Group’s Q1 2025 earnings at $12.08 EPS, Q2 2025 earnings at $10.32 EPS, Q3 2025 earnings at $10.33 EPS, FY2025 earnings at $42.70 EPS and FY2026 earnings at $48.20 EPS.

Several other research firms have also commented on GS. Evercore ISI upped their price objective on The Goldman Sachs Group from $520.00 to $575.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. HSBC lowered shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. JMP Securities upped their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 9th. UBS Group restated a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Finally, Barclays upped their price target on The Goldman Sachs Group from $588.00 to $713.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $569.31.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $560.40 on Friday. The Goldman Sachs Group has a fifty-two week low of $372.07 and a fifty-two week high of $612.73. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The firm has a market capitalization of $175.92 billion, a P/E ratio of 16.44, a PEG ratio of 0.85 and a beta of 1.38. The stock has a 50-day simple moving average of $583.74 and a two-hundred day simple moving average of $524.95.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $5.47 EPS.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently made changes to their positions in the company. Semmax Financial Advisors Inc. acquired a new position in The Goldman Sachs Group in the second quarter valued at about $26,000. Headlands Technologies LLC purchased a new stake in shares of The Goldman Sachs Group in the 2nd quarter valued at approximately $27,000. Quest Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 6,300.0% in the 2nd quarter. Quest Partners LLC now owns 64 shares of the investment management company’s stock worth $29,000 after acquiring an additional 63 shares during the last quarter. West Branch Capital LLC purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $30,000. Finally, DT Investment Partners LLC increased its holdings in The Goldman Sachs Group by 110.0% in the 3rd quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after purchasing an additional 33 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 2,000 shares of The Goldman Sachs Group stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the transaction, the insider now directly owns 10,095 shares of the company’s stock, valued at $5,359,435.50. The trade was a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO David M. Solomon sold 6,550 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $610.91, for a total transaction of $4,001,460.50. Following the completion of the transaction, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,940 shares of company stock worth $13,717,979. 0.54% of the stock is owned by insiders.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.