Goldman Sachs Announces Quarterly Dividend of $0.50 (GS)
Goldman Sachs (NYSE:GS) declared a quarterly dividend on Thursday, January 17th. Shareholders of record on Thursday, February 28th will be given a dividend of $0.50 per share on Thursday, March 28th. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Tuesday, February 26th.
A number of research firms have also recently commented on GS. Analysts at Zacks reiterated a “neutral” rating on shares of Goldman Sachs in a research note to investors on Thursday. They now have a $148.00 price target on the stock. On a related note, analysts at UBS AG raised their price target on shares of Goldman Sachs from $135.00 to $145.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Macquarie set a $150.00 price target on shares of Goldman Sachs in a research note to investors on Thursday.
Ten equities research analysts have rated the stock with a buy rating, one has issued an overweight rating, eighteen have assigned a hold rating, one has given an underweight rating, and one has issued a sell rating to the stock. The stock has an average rating of “overweight” and a consensus target price of $136.36.
Goldman Sachs (GS) traded down 0.06% on Thursday, hitting $141.01. Goldman Sachs (GS) has a 1-year low of $90.43 and a 1-year high of $141.58. The stock’s 50-day moving average is currently $126.1. The company has a market cap of $68.545 billion and a price-to-earnings ratio of 13.55.
Goldman Sachs last released its earnings data on Wednesday, January 16th. The company reported $5.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $2.31. The company had revenue of $9.24 billion for the quarter, compared to the consensus estimate of $7.91 billion. During the same quarter in 2012, the company posted $1.84 earnings per share. The company’s revenue for the quarter was up 52.7% on a year-over-year basis. Analysts expect that Goldman Sachs (GS) will post $12.84 EPS for the current fiscal year.
The Goldman Sachs Group, Inc. (Goldman Sachs) is a global investment banking, securities and investment management firm that provides a range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.
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