Goldman Sachs Group, Inc. (NYSE: GS) is 35.41% higher on its value in year-to-date trading and has touched a low of $289.36 and a high of $523.07 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GS stock was last observed hovering at around $522.75 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $522.38, the stock is 4.59% and 5.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing -0.07% at the moment leaves the stock 18.01% off its SMA200. GS registered 68.89% gain for a year compared to 6-month gain of 31.63%. The firm has a 50-day simple moving average (SMA 50) of $494.5618 and a 200-day simple moving average (SMA200) of $442.6505.
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The stock witnessed a 7.67% loss in the last 1 month and extending the period to 3 months gives it a 4.02%, and is 5.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.40% over the week and 1.86% over the month.
Goldman Sachs Group, Inc. (GS) has around 45300 employees, a market worth around $164.97B and $121.38B in sales. Current P/E ratio is 16.77 and Fwd P/E is 12.53. Profit margin for the company is 8.71%. Distance from 52-week low is 80.53% and -0.13% from its 52-week high. The company has generated returns on investments over the last 12 months (2.95%).
with sales reaching $11.8B over the same period.The EPS is expected to grow by 57.08% this year, but quarterly earnings will post 9.80% year-over-year. Quarterly sales are estimated to shrink -0.10% in year-over-year returns.
Goldman Sachs Group, Inc. (GS) Top Institutional Holders
2691.0 institutions hold shares in Goldman Sachs Group, Inc. (GS), with institutional investors hold 75.05% of the company’s shares. The shares outstanding are 323.38M, and float is at 314.19M with Short Float at 1.41%. Institutions hold 74.66% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 28.31 million shares valued at $12.8 billion. The investor’s holdings represent 8.4354% of the GS Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 23.16 million shares valued at $10.48 billion to account for 6.9011 of the shares outstanding. The other top investors are STATE STREET CORP which holds 19.43 million shares representing 5.7908% and valued at over $8.79 billion, while AUSTIN PRIVATE WEALTH, LLC holds 2.6818 of the shares totaling 9.0 million with a market value of $407.0.
Goldman Sachs Group, Inc. (GS) Insider Activity
The most recent transaction is an insider purchase by Flaherty Mark A., the company’s Director. SEC filings show that Flaherty Mark A. bought 7 shares of the company’s common stock on Sep 27 ’24 at a price of $498.87 per share for a total of $3273.0. Following the purchase, the insider now owns 1097.0 shares.
Goldman Sachs Group, Inc. disclosed in a document filed with the SEC on Jun 27 ’24 that Flaherty Mark A. (Director) bought a total of 7 shares of the company’s common stock. The trade occurred on Jun 27 ’24 and was made at $448.74 per share for $2981.0. Following the transaction, the insider now directly holds 1091.0 shares of the GS stock.
Still, SEC filings show that on Mar 28 ’24, Flaherty Mark A. (Director) acquired 7 shares at an average price of $416.43 for $2962.0. The insider now directly holds 1,084 shares of Goldman Sachs Group, Inc. (GS).
