Goldman Sachs (NYSE:GS) Earning Favorable Media Coverage, Study Finds

Media coverage about Goldman Sachs (NYSE:GS) has been trending positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldman Sachs earned a news sentiment score of 0.34 on Accern’s scale. Accern also gave news articles about the investment management company an impact score of 45.8971315677581 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Here are some of the media stories that may have effected Accern’s analysis:

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Shares of GS stock opened at $254.34 on Thursday. Goldman Sachs has a 1-year low of $209.62 and a 1-year high of $275.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.93 and a quick ratio of 0.93. The company has a market cap of $95,192.09, a PE ratio of 12.78, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37.

Goldman Sachs (NYSE:GS) last posted its quarterly earnings data on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the prior year, the company earned $5.08 EPS. The firm’s revenue was down 4.2% compared to the same quarter last year. sell-side analysts forecast that Goldman Sachs will post 21.83 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 1st were paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.18%. The ex-dividend date was Wednesday, February 28th. Goldman Sachs’s dividend payout ratio is currently 15.18%.

GS has been the topic of a number of recent research reports. Vining Sparks reiterated a “hold” rating and issued a $270.00 target price on shares of Goldman Sachs in a research report on Monday, January 8th. Barclays reissued an “equal weight” rating and issued a $289.00 price target (down from $308.00) on shares of Goldman Sachs in a report on Thursday, January 18th. Vetr raised Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price target for the company in a report on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Goldman Sachs in a report on Tuesday, January 9th. Finally, Morgan Stanley boosted their price target on Goldman Sachs from $294.00 to $297.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Goldman Sachs presently has an average rating of “Hold” and an average target price of $258.79.

In other Goldman Sachs news, Director David A. Viniar sold 17,500 shares of the company’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $251.19, for a total value of $4,395,825.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $270.42, for a total value of $2,704,200.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 83,548 shares of company stock valued at $22,064,172. 2.57% of the stock is owned by corporate insiders.

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Goldman Sachs Company Profile

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.

Insider Buying and Selling by Quarter for Goldman Sachs (NYSE:GS)

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