Media stories about Goldman Sachs (NYSE:GS) have trended positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Goldman Sachs earned a media sentiment score of 0.29 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 45.8436969915215 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Goldman Sachs Private Bank Provides Online Lending Capabilities to LPL Financial Advisors (webwire.com)
- LPL Partners With Goldman Sachs On Securities-Backed Lending (wealthmanagement.com)
- Goldman Sachs, Wellcome Trust in joint bid for Network Rail’s commercial property estate (reuters.com)
- Citigroup’s Balance Sheet Could Be Positioned for Expansion (finance.yahoo.com)
- Goldman Sachs, Wellcome Trust jointly bid for Network Rail’s commercial property estate (finance.yahoo.com)
GS stock traded down $1.34 during trading on Wednesday, hitting $261.85. 2,817,423 shares of the stock traded hands, compared to its average volume of 3,550,901. The firm has a market capitalization of $99,731.73, a PE ratio of 30.41, a PEG ratio of 0.94 and a beta of 1.33. Goldman Sachs has a 12 month low of $209.62 and a 12 month high of $275.31. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.93 and a quick ratio of 0.93.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs’s dividend payout ratio is presently 34.84%.
GS has been the subject of several analyst reports. Instinet reiterated an “outperform” rating and set a $225.00 price target (down previously from $238.00) on shares of Goldman Sachs in a research report on Thursday, January 4th. Vining Sparks reiterated a “hold” rating and set a $270.00 price target on shares of Goldman Sachs in a research report on Monday, January 8th. Barclays boosted their price objective on shares of Goldman Sachs from $262.00 to $308.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Royal Bank of Canada boosted their price objective on shares of Goldman Sachs to $265.00 and gave the company a “sector perform” rating in a report on Thursday, January 18th. Finally, Bank of America boosted their price objective on shares of Goldman Sachs from $290.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, December 7th. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Goldman Sachs has an average rating of “Hold” and an average price target of $258.33.
In other news, insider Brian J. Lee sold 6,738 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $263.92, for a total value of $1,778,292.96. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John F.W. Rogers sold 4,400 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $265.37, for a total transaction of $1,167,628.00. The disclosure for this sale can be found here. In the last three months, insiders sold 83,548 shares of company stock worth $22,064,172. 2.57% of the stock is currently owned by insiders.
Goldman Sachs Company Profile
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.
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