Goldman Sachs Group Inc (NYSE:GS) Announces Quarterly Dividend of $1.25

Goldman Sachs Group Inc (NYSE:GS) announced a quarterly dividend on Thursday, October 15th, Wall Street Journal reports. Shareholders of record on Wednesday, December 2nd will be given a dividend of 1.25 per share by the investment management company on Wednesday, December 30th. This represents a $5.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Tuesday, December 1st.

Goldman Sachs Group has raised its dividend by 59.6% over the last three years and has increased its dividend annually for the last 3 consecutive years.

GS stock opened at $206.21 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.82. The company has a market capitalization of $70.95 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 6.54 and a beta of 1.39. Goldman Sachs Group has a 12 month low of $130.85 and a 12 month high of $250.46. The firm has a 50 day moving average of $202.41 and a two-hundred day moving average of $195.54.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Monday, October 19th. The investment management company reported $9.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.57 by $4.11. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $9.40 billion. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. The company’s revenue for the quarter was up 28.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.79 earnings per share. On average, research analysts expect that Goldman Sachs Group will post 14.17 EPS for the current fiscal year.

GS has been the subject of several recent analyst reports. UBS Group raised shares of Goldman Sachs Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $220.00 to $245.00 in a report on Wednesday, September 23rd. Bank of America upped their price objective on shares of Goldman Sachs Group from $246.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday. Berenberg Bank upped their price objective on shares of Goldman Sachs Group from $160.00 to $200.00 and gave the stock a “hold” rating in a report on Monday, July 20th. Credit Suisse Group upped their price objective on shares of Goldman Sachs Group from $240.00 to $255.00 and gave the stock an “outperform” rating in a report on Thursday, July 16th. Finally, Barclays upped their price objective on shares of Goldman Sachs Group from $253.00 to $270.00 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $249.29.

Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in 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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Dividend History for Goldman Sachs Group (NYSE:GS)

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