Media headlines about Goldman Sachs Group, Inc. (The) (NYSE:GS) have trended positive this week, according to Accern. The research firm identifies negative and positive media 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 nearest to one being the most favorable. Goldman Sachs Group, Inc. (The) earned a daily sentiment score of 0.48 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 86 out of 100, indicating that recent media coverage is very likely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Goldman Sachs is 2017’s worst-selling fund manager with $27 billion in outflows (cnbc.com)
- [$$] Big US banks’ profit forecasts take a fall (finance.yahoo.com)
- Goldman Sachs is 2017’s worst-selling fund manager with $27 billion in outflows: FT (feeds.reuters.com)
- [$$] Goldman Sachs is the worst-selling fund manager in 2017 (finance.yahoo.com)
- Six things to know about the real-estate company Redfin before it goes public (marketwatch.com)
Several equities research analysts have recently commented on GS shares. J P Morgan Chase & Co reissued a “buy” rating on shares of Goldman Sachs Group, Inc. (The) in a report on Tuesday, March 14th. Vetr raised Goldman Sachs Group, Inc. (The) from a “sell” rating to a “hold” rating and set a $231.00 price objective for the company in a report on Tuesday, March 21st. Zacks Investment Research downgraded Goldman Sachs Group, Inc. (The) from a “buy” rating to a “hold” rating in a report on Wednesday, March 22nd. HSBC Holdings plc reaffirmed a “buy” rating and set a $291.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Monday, March 27th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $260.00 price target on shares of Goldman Sachs Group, Inc. (The) in a report on Wednesday, April 5th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $236.59.
Goldman Sachs Group, Inc. (GS) traded up 0.40% during midday trading on Monday, reaching $226.17. The company’s stock had a trading volume of 1,491,907 shares. The company’s 50-day moving average is $220.24 and its 200 day moving average is $232.67. Goldman Sachs Group, Inc. has a 12-month low of $148.31 and a 12-month high of $255.15. The firm has a market cap of $92.57 billion, a price-to-earnings ratio of 12.03 and a beta of 1.42.
Goldman Sachs Group, Inc. (The) (NYSE:GS) last announced its quarterly earnings results on Tuesday, April 18th. The investment management company reported $5.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $5.31 by $0.16. The firm had revenue of $8.03 billion during the quarter, compared to analysts’ expectations of $8.33 billion. Goldman Sachs Group, Inc. (The) had a net margin of 26.38% and a return on equity of 11.26%. The firm’s revenue for the quarter was up 26.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.68 EPS. Equities analysts forecast that Goldman Sachs Group, Inc. will post $18.61 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 1st were issued a dividend of $0.75 per share. The ex-dividend date of this dividend was Tuesday, May 30th. This represents a $3.00 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Goldman Sachs Group, Inc. (The)’s previous quarterly dividend of $0.65. Goldman Sachs Group, Inc. (The)’s dividend payout ratio is currently 15.93%.
About Goldman Sachs Group, Inc. (The)
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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