In recent trading session, Goldman Sachs Group, Inc. (NYSE:GS) saw 0.78 million shares changing hands at last check today with its beta currently measuring 1.42. Company’s recent per share price level of $389.30 trading at -$8.18 or -2.06% at last check today assigns it a market valuation of $126.34B. That most recent trading price of GS’s stock is at a discount of -7.68% from its 52-week high price of $419.20 and is indicating a premium of 25.67% from its 52-week low price of $289.36. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.77 million shares which gives us an average trading volume of 2.29 million if we extend that period to 3-months.
Goldman Sachs Group, Inc. (NYSE:GS) trade information
Upright in the red during last session for losing -2.06%, in the last five days GS remained trading in the red while hitting it’s week-highest on Tuesday, 04/09/24 when the stock touched $389.30 price level, adding 5.79% to its value on the day. Goldman Sachs Group, Inc.’s shares saw a change of 0.91% in year-to-date performance and have moved -4.60% in past 5-day. Goldman Sachs Group, Inc. (NYSE:GS) showed a performance of -0.77% in past 30-days. Number of shares sold short was 4.67 million shares which calculate 2.06 days to cover the short interests.
Goldman Sachs Group, Inc. (GS) estimates and forecasts
Statistics highlight that Goldman Sachs Group, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 24.37% of value to its shares in past 6 months, showing an annual growth rate of 44.86% while that of industry is 14.60. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to decrease by -9.30% in the current quarter and calculating 151.60% increase in the next quarter. This year revenue growth is estimated to rise 1.10% from the last financial year’s standing.
13 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $12.03 billion for the same. And 13 analysts are in estimates of company making revenue of $11.58 billion in the next quarter that will end on Jun 2024. Company posted $12.22 billion and $10.89 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -1.60% while estimating it to be 6.30% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -1.98% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 46.99% while estimates for its earnings growth in next 5 years are of 17.20%.
GS Dividends
Goldman Sachs Group, Inc. is more likely to be releasing its next quarterly report on April 15 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Goldman Sachs Group, Inc. (NYSE:GS)’s Major holders
Insiders are in possession of 0.51% of company’s total shares while institution are holding 72.54 percent of that, with stock having share float percentage of 72.92%. Investors also watch the number of corporate investors in a company very closely, which is 72.54% institutions for Goldman Sachs Group, Inc. that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at GS for having 28.55 million shares of worth $11.11 billion. And as of Dec 30, 2023, it was holding 8.80% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 23.01 million shares on Dec 30, 2023. The number of shares represents firm’s hold over 7.09% of outstanding shares, having a total worth of $8.95 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Dec 30, 2023, the former fund manager was holding 9.38 million shares of worth $3.65 billion or 2.89% of the total outstanding shares. The later fund manager was in possession of 7.32 million shares on Dec 30, 2023, making its stake of worth around $2.85 billion in the company or a holder of 2.25% of company’s stock.
