Published: Thu, April 20, 2017
U.S. | By Monique Johnson

U.S. Equities dip after Goldman Sachs misses earnings estimates

U.S. Equities dip after Goldman Sachs misses earnings estimates

Over the 52-week time span, the stock notched a high price of $255.15 and its minimum price was $138.2. The firm has a market capitalization of $88.81 billion, a PE ratio of 13.14 and a beta of 1.50. (NYSE: BAC) and Goldman Sachs Group Inc.

Although the company's earnings jumped by around 80% from the previous year's same quarter from $1.2 billion to $2.16 billion, the results were still way below the expected EPS as banks on Wall Street have been boosted in the past year due to Donald Trump's election and the increase in interest rates in the US from the Federal Reserve.

Companywide revenue rose 27 percent to $8.03 billion, compared with the $8.33 billion average estimate of analysts surveyed by Bloomberg.

At 11.4 percent, Goldman's annualized return on equity for the quarter places it in the upper echelons of the industry, along with the likes of JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC).

Credit Suisse analyst Christian Bolu said Goldman investors were showing some "nervousness" about the strength of the business, and UBS's Brennan Hawken chastised the performance, saying that topping the prior year should have been "kind of easy."I'm not fully - I'm still confused", said Hawken, adding, "I have some company".

The Goldman Sachs Group, Inc.'s ROI is valued at 1.30% relatively measuring the profitability on the investment. The ex-dividend date was Tuesday, February 28th. Goldman Sachs Group's payout ratio is now 15.89%.

TRADEMARK VIOLATION NOTICE: "Honkamp Krueger Financial Services Inc". If you are accessing this report on another site, it was illegally stolen and republished in violation of global copyright laws. Chicago Partners Investment Group LLC raised its stake in shares of Goldman Sachs Group by 0.4% in the third quarter.

A number of analysts have weighed in on the stock. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock had dropped 5.5% this year through Monday. Zacks Investment Research cut shares of Goldman Sachs Group from a "buy" rating to a "hold" rating in a research note on Wednesday, March 22nd. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 11 analysts given HOLD rating. This represents an increase of 212% compared to the typical volume of 2,801 call options.

Shares of Goldman Sachs Group closed the previous trading session at 215.59 down -10.67 -4.72% with 12,464,020 shares trading hands. The stock was sold at an average price of $250.06, for a total transaction of $8,083,189.50.

The bank's expenses rose just 15 per cent and it paid out a smaller share of its revenue to employees.

Goldman Sachs Group (NYSE:GS) has insider ownership of 2.61% and institutional ownership of 72.77%. The disclosure for this sale can be found here. The most recent short interest data show 1.15% of the company's stock are short sold. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. That's a reflection of Goldman's hedge-fund heavy client base.

Like this: