What is Seaport Res Ptn’s Estimate for GS FY2024 Earnings?

The Goldman Sachs Group, Inc. (NYSE:GS) – Analysts at Seaport Res Ptn raised their FY2024 earnings per share (EPS) estimates for shares of The Goldman Sachs Group in a report released on Tuesday, January 7th. Seaport Res Ptn analyst J. Mitchell now anticipates that the investment management company will post earnings per share of $37.22 for the year, up from their previous forecast of $36.40. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $37.06 per share. Seaport Res Ptn also issued estimates for The Goldman Sachs Group’s Q1 2025 earnings at $12.08 EPS, Q2 2025 earnings at $10.32 EPS, Q3 2025 earnings at $10.33 EPS, FY2025 earnings at $42.70 EPS and FY2026 earnings at $48.20 EPS.

GS has been the topic of several other reports. JPMorgan Chase & Co. lifted their price target on shares of The Goldman Sachs Group from $520.00 to $550.00 and gave the stock an “overweight” rating in a research note on Friday, December 6th. UBS Group reaffirmed a “neutral” rating and issued a $610.00 target price on shares of The Goldman Sachs Group in a research report on Monday. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a research note on Wednesday, September 18th. JMP Securities raised their price objective on shares of The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 9th. Finally, Barclays raised their price objective on The Goldman Sachs Group from $588.00 to $713.00 and gave the company an “overweight” rating in a research report on Monday. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $569.31.

The Goldman Sachs Group Trading Down 0.1 %

NYSE GS opened at $579.48 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock’s 50-day simple moving average is $582.92 and its two-hundred day simple moving average is $524.27. The Goldman Sachs Group has a twelve month low of $372.07 and a twelve month high of $612.73. The company has a market capitalization of $181.90 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 0.85 and a beta of 1.38.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Tuesday, October 15th. The investment management company reported $8.40 EPS for the quarter, topping analysts’ consensus estimates of $6.89 by $1.51. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The business had revenue of $12.70 billion during the quarter, compared to analysts’ expectations of $11.77 billion. During the same quarter in the previous year, the company earned $5.47 EPS. The business’s quarterly revenue was up 7.4% compared to the same quarter last year.

Institutional Trading of The Goldman Sachs Group

Institutional investors have recently made changes to their positions in the business. Waddell & Associates LLC raised its position in The Goldman Sachs Group by 2.1% during the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the period. Wescott Financial Advisory Group LLC raised its stake in The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock worth $1,346,000 after buying an additional 18 shares in the last quarter. Bank of New Hampshire raised its holdings in The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock worth $139,000 after purchasing an additional 18 shares in the last quarter. First Pacific Financial increased its position in shares of The Goldman Sachs Group by 0.6% during the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock worth $1,568,000 after purchasing an additional 20 shares in the last quarter. Finally, Krane Funds Advisors LLC boosted its holdings in The Goldman Sachs Group by 1.7% in the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock worth $583,000 after acquiring an additional 20 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now owns 117,883 shares of the company’s stock, valued at $72,015,903.53. This trade represents a 5.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian J. Lee sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares in the company, valued at approximately $5,359,435.50. The trade was a 16.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,940 shares of company stock valued at $13,717,979 in the last ninety days. 0.54% of the stock is currently owned by company insiders.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.