The Goldman Sachs Group Inc. (GS): Investor showing Interest in it

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The Goldman Sachs Group Inc. (NYSE:GS) changes shares on Tuesday trading session, with a change of 1.13% or $2.25 shares. The trading starts at $199.35 and closed at $199.39 throughout the day. The trading session low price was $198.475 and day high was $201.72 on Tuesday, August 04. After the session, the Financial sector daily volume shifted to 1.94 million while its average volume is 3.58M. In other hand, the GS market cap reached to $69.89B. While, its current target price is $244.95.

On July 29, 2020, Goldman Sachs seeks up to $17 billion for private credit across two funds. According to the news reported on Reuters, Goldman Sachs Merchant Banking Division (MBD) is seeking up to $17 billion for private credit investments for senior debt financings and special situations transactions, according to documents from Connecticut’s state pension plan.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 0.01% and down -2.76% for month. Its quarterly performance was 13.09% above, while its half year performance is down -16.66%. GS yearly performance stood at negative -0.02% and fall -12.30% for year-to-date. Current recommendation for The Goldman Sachs Group Inc. is 2.20.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GS EPS (TTM) for 12-month is 18.85. EPS for this year is -12.40%, while for the next year its value is 22.49. Sales growth for the current quarter is 1.75 while its EPS Q/Q reached -45.50%. It has an EPS of 4.30% up for past five years and for the next five years will be up 6.11%.

Let’s take a look on the analyst recommendations on GS for the current month and previous month. For the current month, 15 of 26 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 11 as Hold. As compared with the previous month ratings, 25 analysts participate in stock recommendation. Out of 25, 0 rated it sell, 14 rated it as Buy and 11 as Hold Ratings.

Vanguard Group, Inc. (The), State Street Corporation and Blackrock Inc. are the top three holders in The Goldman Sachs Group Inc. (GS) stock. On Mar 30, 2020, Vanguard Group, Inc. (The) has 25.59 million shares which valued 3.96 billion. On Mar 30, 2020, State Street Corporation owned 19.78 million shares which valued at 3.06 billion. On Mar 30, 2020, Blackrock Inc. has a total of 19.59 million shares which valued at 3.03 billion. In the end, Blackrock Inc. have 5.70% shares outstanding of The Goldman Sachs Group Inc. (GS) on Mar 30, 2020. The insider ownership moved to 0.20% and institutional holding shifted to 74.60%.

The company posted an EPS (TTM) of 18.85. According to the most recent quarter report on (Sep 2020), 19 analysts estimated an average EPS of 4.35, while 4.79 EPS posted a year ago period. Analyst Estimated EPS for GS published in the report was $3.44 – $5.71 during the same period. Comparing with last year, the average estimated EPS was 4.79 which is lower than 6.26 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GS fall -2.04% for period of 200 days. SMA for 50 days was -1.26% which is showing red signal, while SMA-20 was -1.84%. The moving average value for The Goldman Sachs Group Inc. (GS) is 197.13 and 203.63 for 200 and 50 days respectively.