Goldman Sachs Group, Inc (NYSE: GS) is 11.84% higher on its value in year-to-date trading and has touched a low of $375.20 and a high of $649.52 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 $645.70 in the last trading session, with the day’s loss setting it -5.3%.
Currently trading at $640.40, the stock is 5.19% and 7.50% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -0.82% at the moment leaves the stock 25.13% off its SMA200. GS registered 65.53% gain for a year compared to 6-month gain of 25.81%. The firm has a 50-day simple moving average (SMA 50) of $595.7078 and a 200-day simple moving average (SMA200) of $511.80246.
The stock witnessed a 11.66% loss in the last 1 month and extending the period to 3 months gives it a 22.15%, and is 0.55% 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 1.65% over the week and 2.06% over the month.
Goldman Sachs Group, Inc (GS) has around 45300 employees, a market worth around $198.81B and $126.09B in sales. Current P/E ratio is 15.79 and Fwd P/E is 12.42. Profit margin for the company is 10.73%. Distance from 52-week low is 70.68% and -1.40% from its 52-week high. The company has generated returns on investments over the last 12 months (3.71%).
The EPS is expected to grow by 14.51% this year.
Goldman Sachs Group, Inc (GS) Top Institutional Holders
2797.0 institutions hold shares in Goldman Sachs Group, Inc (GS), with institutional investors hold 74.33% of the company’s shares. The shares outstanding are 322.90M, and float is at 308.92M with Short Float at 1.40%. Institutions hold 73.95% 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 GOLTEN ALEX S, the company’s CHIEF RISK OFFICER. SEC filings show that GOLTEN ALEX S sold 5,208 shares of the company’s common stock on Jan 28 ’25 at a price of $636.25 per share for a total of $3.31 million. Following the sale, the insider now owns 3545.0 shares.
Still, SEC filings show that on Jan 24 ’25, HALIO CAREY (Global Treasurer) disposed off 3,640 shares at an average price of $636.74 for $2.32 million. The insider now directly holds 4,552 shares of Goldman Sachs Group, Inc (GS).
