Goldman Sachs Group (GS) Getting Positive Press Coverage, Study Shows

News articles about Goldman Sachs Group (NYSE:GS) have been trending positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Goldman Sachs Group earned a media sentiment score of 0.36 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 45.7530910858614 out of 100, indicating that recent media 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 headlines that may have effected Accern Sentiment’s analysis:

Goldman Sachs Group (GS) traded down $1.64 during mid-day trading on Tuesday, hitting $257.33. The stock had a trading volume of 942,147 shares, compared to its average volume of 3,264,796. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. The stock has a market capitalization of $97,680.00, a price-to-earnings ratio of 13.37, a PEG ratio of 1.13 and a beta of 1.46. Goldman Sachs Group has a 1-year low of $209.62 and a 1-year high of $262.14.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.85. The business had revenue of $8.33 billion during the quarter, compared to analyst estimates of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s revenue was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.88 earnings per share. equities research analysts forecast that Goldman Sachs Group will post 19.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $0.75 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.58%.

A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price target for the company in a report on Tuesday, December 19th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $295.00 price target (up previously from $265.00) on shares of Goldman Sachs Group in a report on Wednesday, December 20th. Vertical Group raised Goldman Sachs Group from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Citigroup reaffirmed a “neutral” rating and issued a $250.00 price target (up previously from $225.00) on shares of Goldman Sachs Group in a report on Monday, October 9th. Finally, Credit Suisse Group cut Goldman Sachs Group from an “outperform” rating to a “neutral” rating and upped their price target for the stock from $240.00 to $255.00 in a report on Monday, October 9th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $248.10.

In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of the stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total value of $1,187,992.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Insiders sold 135,177 shares of company stock valued at $32,435,160 over the last 90 days. 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.

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

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