Somewhat Favorable News Coverage Somewhat Unlikely to Impact Goldman Sachs (NYSE:GS) Share Price

Media stories about Goldman Sachs (NYSE:GS) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Goldman Sachs earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news headlines about the investment management company an impact score of 46.0456122582521 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have effected Accern’s rankings:

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NYSE:GS traded down $4.95 on Tuesday, reaching $252.93. The company’s stock had a trading volume of 8,090,318 shares, compared to its average volume of 3,524,002. Goldman Sachs has a 1-year low of $209.62 and a 1-year high of $275.31. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 3.09. The stock has a market cap of $97,220.68, a price-to-earnings ratio of 12.80, a PEG ratio of 1.03 and a beta of 1.36.

Goldman Sachs (NYSE:GS) last posted its earnings results on Monday, April 16th. The investment management company reported $6.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.30 by $1.65. Goldman Sachs had a return on equity of 11.66% and a net margin of 13.36%. The firm had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $8.73 billion. During the same period in the previous year, the firm earned $5.15 earnings per share. The company’s revenue was up 25.0% on a year-over-year basis. sell-side analysts forecast that Goldman Sachs will post 21.83 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were given a dividend of $0.75 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This represents a $3.00 annualized dividend and a dividend yield of 1.19%. Goldman Sachs’s dividend payout ratio is currently 15.18%.

Several analysts have recently weighed in on GS shares. Vining Sparks reissued a “hold” rating and set a $270.00 price objective on shares of Goldman Sachs in a report on Monday, January 8th. Barclays reaffirmed an “equal weight” rating and issued a $289.00 price target (down previously from $308.00) on shares of Goldman Sachs in a research note on Thursday, January 18th. Vetr raised Goldman Sachs from a “sell” rating to a “hold” rating and set a $246.36 price target on the stock in a research note on Thursday, February 8th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Goldman Sachs in a research report on Tuesday, January 9th. Finally, Morgan Stanley lifted their price objective on Goldman Sachs from $294.00 to $297.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $260.58.

In related news, Vice Chairman Pablo J. Salame sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $270.42, for a total transaction of $2,704,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 4,400 shares of the company’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $265.37, for a total value of $1,167,628.00. The disclosure for this sale can be found here. Insiders have sold 83,548 shares of company stock valued at $22,064,172 over the last ninety days. 1.71% of the stock is owned by insiders.

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Goldman Sachs Company Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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