Goldman Sachs Group Inc (GS) to Post Q4 2019 Earnings of $5.79 Per Share, Oppenheimer Forecasts

Goldman Sachs Group Inc (NYSE:GS) – Research analysts at Oppenheimer cut their Q4 2019 EPS estimates for shares of Goldman Sachs Group in a note issued to investors on Monday, April 15th. Oppenheimer analyst C. Kotowski now anticipates that the investment management company will post earnings per share of $5.79 for the quarter, down from their prior forecast of $6.88. Oppenheimer currently has a “Outperform” rating and a $312.00 price objective on the stock.

Several other equities analysts have also commented on the company. Morgan Stanley raised their price target on Goldman Sachs Group from $207.00 to $218.00 and gave the company an “equal weight” rating in a research note on Tuesday. Odeon Capital Group upgraded Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. HSBC set a $202.00 price target on Goldman Sachs Group and gave the company a “neutral” rating in a research note on Thursday, April 4th. Finally, BMO Capital Markets restated a “hold” rating on shares of Goldman Sachs Group in a research note on Monday, January 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $239.91.

GS stock opened at $207.90 on Thursday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.92 and a current ratio of 0.86. Goldman Sachs Group has a twelve month low of $151.70 and a twelve month high of $257.02. The firm has a market capitalization of $73.32 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 1.29 and a beta of 1.22.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, April 15th. The investment management company reported $5.71 earnings per share for the quarter, topping analysts’ consensus estimates of $4.74 by $0.97. Goldman Sachs Group had a return on equity of 12.35% and a net margin of 25.13%. The business had revenue of $8.81 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter last year, the firm posted $6.95 earnings per share. The business’s revenue was down 12.6% compared to the same quarter last year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be issued a $0.85 dividend. This represents a $3.40 annualized dividend and a yield of 1.64%. The ex-dividend date is Wednesday, May 29th. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.80. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 12.66%.

In related news, EVP Dane E. Holmes sold 1,489 shares of Goldman Sachs Group stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $198.31, for a total transaction of $295,283.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.41% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Goldman Sachs Group by 2.7% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 1,881 shares of the investment management company’s stock worth $314,000 after purchasing an additional 50 shares during the period. Wall Street Access Asset Management LLC lifted its holdings in shares of Goldman Sachs Group by 2.9% during the fourth quarter. Wall Street Access Asset Management LLC now owns 1,818 shares of the investment management company’s stock worth $304,000 after purchasing an additional 51 shares during the period. Tdam USA Inc. raised its position in Goldman Sachs Group by 2.1% during the fourth quarter. Tdam USA Inc. now owns 2,611 shares of the investment management company’s stock valued at $436,000 after acquiring an additional 54 shares in the last quarter. First American Trust FSB raised its position in Goldman Sachs Group by 0.3% during the first quarter. First American Trust FSB now owns 17,817 shares of the investment management company’s stock valued at $3,421,000 after acquiring an additional 54 shares in the last quarter. Finally, Joel Isaacson & Co. LLC raised its position in Goldman Sachs Group by 0.9% during the first quarter. Joel Isaacson & Co. LLC now owns 6,353 shares of the investment management company’s stock valued at $1,220,000 after acquiring an additional 56 shares in the last quarter. 70.11% of the stock is owned by hedge funds and other institutional investors.

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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