News headlines about Goldman Sachs Group (NYSE:GS) have been trending positive on Tuesday, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldman Sachs Group earned a coverage optimism score of 0.34 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 45.8971315677581 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s analysis:
- CORPORATE REPORT: DowDupont; Goldman Sachs – Sarasota Herald-Tribune (heraldtribune.com)
- Goldman’s Schwartz reportedly gave company an ultimatum for Blankfein’s job and lost – CNBC (cnbc.com)
- Goldman Sachs (GS) Names Solomon Sole President, Schwartz to Retire – StreetInsider.com (streetinsider.com)
- Dow industrials down over 200 points as Boeing, Goldman drop (feeds.marketwatch.com)
- Goldman Sachs shares are ‘ready to get going again,’ says Oppenheimer analyst (cnbc.com)
Several brokerages recently weighed in on GS. Wells Fargo & Co reaffirmed an “outperform” rating and set a $320.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 25th. Vetr raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $246.36 target price on the stock in a research note on Thursday, February 8th. BMO Capital Markets cut their target price on shares of Goldman Sachs Group to $221.00 and set a “market perform” rating on the stock in a research note on Thursday, January 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $260.00 target price on shares of Goldman Sachs Group in a research note on Thursday, January 18th. Finally, Bank of America reaffirmed a “buy” rating and set a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a research note on Monday, February 12th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Goldman Sachs Group presently has an average rating of “Hold” and a consensus price target of $257.06.
Goldman Sachs Group (NYSE:GS) last issued its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.66%. The business had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. During the same quarter in the prior year, the business posted $5.08 EPS. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. sell-side analysts predict that Goldman Sachs Group will post 21.56 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is 15.03%.
In other news, insider Brian J. Lee sold 6,738 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $263.92, for a total value of $1,778,292.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David A. Viniar sold 17,500 shares of the company’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $251.19, for a total transaction of $4,395,825.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 83,548 shares of company stock valued at $22,064,172. Company insiders own 2.57% of the company’s stock.
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Goldman Sachs Group 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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