Market cap of The Goldman Sachs Group Inc. [GS] reaches 134.35B – now what?



The Goldman Sachs Group Inc. [NYSE: GS] traded at a high on 10/18/21, posting a 1.88 gain after which it closed the day’ session at $413.69. The company report on October 19, 2021 that DiscGenics Honored by Goldman Sachs for Entrepreneurship.

Chairman and CEO Flagg Flanagan Among 100 Most Intriguing Entrepreneurs at 2021 Builders + Innovators Summit.

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DiscGenics, Inc., a clinical stage biopharmaceutical company focused on developing regenerative cell-based therapies that alleviate pain and restore function in patients with degenerative diseases of the spine, announced that Goldman Sachs (NYSE:GS) recognized DiscGenics Chairman and CEO Flagg Flanagan as one of the 100 Most Intriguing Entrepreneurs of 2021 at its Builders + Innovators Summit in Healdsburg, California.

The results of the trading session contributed to over 3813595 shares changing hands. Over the past one week, the price volatility of The Goldman Sachs Group Inc. stands at 2.47% while the volatility over the past one month is 2.42%.

The market cap for GS stock reached $134.35 billion, with 350.80 million shares outstanding and 335.27 million shares in the current float. Compared to the average trading volume of 2.35M shares, GS reached a trading volume of 3813595 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about The Goldman Sachs Group Inc. [GS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GS shares is $426.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JMP Securities have made an estimate for The Goldman Sachs Group Inc. shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on October 05, 2021. While these analysts kept the previous recommendation, Keefe Bruyette raised their target price to Mkt Perform. The new note on the price target was released on July 07, 2021, representing the official price target for The Goldman Sachs Group Inc. stock. Previously, the target price had yet another raise to $450, while Jefferies analysts kept a Buy rating on GS stock. On April 01, 2021, analysts increased their price target for GS shares from 320 to 340.

The Average True Range (ATR) for The Goldman Sachs Group Inc. is set at 10.44, with the Price to Sales ratio for GS stock in the period of the last 12 months amounting to 2.17. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 739.92. Price to Free Cash Flow for GS in the course of the last twelve months was 2.26.

How has GS stock performed recently?

The Goldman Sachs Group Inc. [GS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.39. With this latest performance, GS shares gained by 5.68% in over the last four-week period, additionally plugging by 24.65% over the last 6 months – not to mention a rise of 100.62% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GS stock in for the last two-week period is set at 64.56, with the RSI for the last a single of trading hit 72.23, and the three-weeks RSI is set at 60.52 for The Goldman Sachs Group Inc. [GS]. The present Moving Average for the last 50 days of trading for this stock 399.04, while it was recorded at 396.76 for the last single week of trading, and 356.04 for the last 200 days.

The Goldman Sachs Group Inc. [GS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and The Goldman Sachs Group Inc. [GS] shares currently have an operating margin of +30.06. The Goldman Sachs Group Inc.’s Net Margin is presently recorded at +17.89.

Return on Total Capital for GS is now 3.05, given the latest momentum, and Return on Invested Capital for the company is 2.98. Return on Equity for this stock inclined to 10.16, with Return on Assets sitting at 0.88. When it comes to the capital structure of this company, The Goldman Sachs Group Inc. [GS] has a Total Debt to Total Equity ratio set at 461.35. Additionally, GS Total Debt to Total Capital is recorded at 82.19, with Total Debt to Total Assets ending up at 38.05. Long-Term Debt to Equity for the company is recorded at 269.04, with the Long-Term Debt to Total Capital now at 42.33.

Reflecting on the efficiency of the workforce at the company, The Goldman Sachs Group Inc. [GS] managed to generate an average of $233,556 per employee.

Earnings analysis for The Goldman Sachs Group Inc. [GS]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Goldman Sachs Group Inc. go to 14.00%.

Insider trade positions for The Goldman Sachs Group Inc. [GS]

There are presently around $99,741 million, or 73.00% of GS stock, in the hands of institutional investors. The top three institutional holders of GS stocks are: VANGUARD GROUP INC with ownership of 26,135,416, which is approximately 0.114% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 23,048,469 shares of the stock with an approximate value of $9.53 billion in GS stocks shares; and STATE STREET CORP, currently with $8.8 billion in GS stock with ownership of nearly 1.169% of the company’s market capitalization.

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Positions in The Goldman Sachs Group Inc. stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 846 institutional holders increased their position in The Goldman Sachs Group Inc. [NYSE:GS] by around 11,965,475 shares. Additionally, 671 investors decreased positions by around 15,963,764 shares, while 269 investors held positions by with 213,170,895 shares. The mentioned changes placed institutional holdings at 241,100,134 shares, according to the latest SEC report filing. GS stock had 148 new institutional investments in for a total of 1,280,148 shares, while 99 institutional investors sold positions of 2,102,366 shares during the same period.



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