Goldman Sachs Group, Inc (NYSE: GS) is -1.69% lower on its value in year-to-date trading and has touched a low of $372.07 and a high of $612.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GS stock was last observed hovering at around $560.00 in the last trading session, with the day’s gains setting it 2.95%.
Currently trading at $562.95, the stock is -1.99% and -2.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing 0.53% at the moment leaves the stock 13.16% off its SMA200. GS registered 47.38% gain for a year compared to 6-month gain of 17.31%. The firm has a 50-day simple moving average (SMA 50) of $578.6118 and a 200-day simple moving average (SMA200) of $496.71844.
The stock witnessed a -3.77% loss in the last 1 month and extending the period to 3 months gives it a 11.76%, and is -2.96% down 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 2.47% over the week and 2.20% over the month.
Goldman Sachs Group, Inc (GS) has around 45300 employees, a market worth around $176.72B and $123.72B in sales. Current P/E ratio is 16.52 and Fwd P/E is 12.92. Profit margin for the company is 9.27%. Distance from 52-week low is 51.30% and -8.12% from its 52-week high. The company has generated returns on investments over the last 12 months (2.98%).
with sales reaching $12.46B over the same period.The EPS is expected to grow by 61.32% this year, but quarterly earnings will post 11.79% year-over-year. Quarterly sales are estimated to grow 10.12% in year-over-year returns.
Goldman Sachs Group, Inc (GS) Top Institutional Holders
2788.0 institutions hold shares in Goldman Sachs Group, Inc (GS), with institutional investors hold 74.32% of the company’s shares. The shares outstanding are 314.19M, and float is at 312.45M with Short Float at 1.46%. Institutions hold 73.94% 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 sale by SOLOMON DAVID M, the company’s Chairman of the Board and CEO. SEC filings show that SOLOMON DAVID M sold 6,550 shares of the company’s common stock on Nov 29 ’24 at a price of $610.91 per share for a total of $4.0 million. Following the sale, the insider now owns 0.12 million shares.
Goldman Sachs Group, Inc disclosed in a document filed with the SEC on Nov 29 ’24 that VINIAR DAVID A (Director) sold a total of 5,000 shares of the company’s common stock. The trade occurred on Nov 29 ’24 and was made at $612.08 per share for $3.06 million. Following the transaction, the insider now directly holds 0.61 million shares of the GS stock.
Still, SEC filings show that on Nov 29 ’24, VINIAR DAVID A (Director) Proposed Sale 5,000 shares at an average price of $605.43 for $3.03 million. The insider now directly holds shares of Goldman Sachs Group, Inc (GS).
