Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Goldman Sachs Group (GS) Share Price

Headlines about Goldman Sachs Group (NYSE:GS) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Goldman Sachs Group earned a news sentiment score of 0.24 on Accern’s scale. Accern also assigned media stories about the investment management company an impact score of 45.3312061774578 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the media stories that may have impacted Accern’s rankings:

Several brokerages have issued reports on GS. Zacks Investment Research cut Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Thursday, September 21st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $240.00 target price on shares of Goldman Sachs Group in a research report on Thursday, October 19th. TheStreet cut Goldman Sachs Group from a “b” rating to a “c+” rating in a research report on Thursday, September 7th. BMO Capital Markets reissued a “hold” rating and issued a $202.00 target price on shares of Goldman Sachs Group in a research report on Friday, October 6th. Finally, J P Morgan Chase & Co set a $260.00 target price on Goldman Sachs Group and gave the stock a “buy” rating in a research report on Friday, September 15th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $244.65.

Goldman Sachs Group (NYSE:GS) traded down $2.32 during midday trading on Wednesday, hitting $248.33. The stock had a trading volume of 2,526,800 shares, compared to its average volume of 3,291,067. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group has a 1 year low of $209.62 and a 1 year high of $255.15. The company has a market capitalization of $92,750.00, a P/E ratio of 13.06, a P/E/G ratio of 1.27 and a beta of 1.46.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Tuesday, October 17th. The investment management company reported $5.02 EPS for the quarter, topping the consensus estimate of $4.17 by $0.85. The firm had revenue of $8.33 billion for the quarter, compared to the consensus estimate of $7.59 billion. Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter last year, the company earned $4.88 earnings per share. analysts forecast that Goldman Sachs Group will post 19.03 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, November 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 1.21%. The ex-dividend date is Wednesday, November 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.58%.

In related news, Vice Chairman Richard J. Gnodde sold 4,951 shares of Goldman Sachs Group stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $239.95, for a total transaction of $1,187,992.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director David A. Viniar sold 7,393 shares of Goldman Sachs Group stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $245.18, for a total value of $1,812,615.74. The disclosure for this sale can be found here. Insiders have sold a total of 135,177 shares of company stock worth $32,435,160 in the last three months. 2.57% of the stock is owned by corporate insiders.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

Insider Buying and Selling by Quarter for Goldman Sachs Group (NYSE:GS)

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