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Equities Analysts Issue Forecasts for The Goldman Sachs Group, Inc.’s Q3 2023 Earnings (NYSE:GS)

Equities Analysts Issue Forecasts for The Goldman Sachs Group, Inc.’s Q3 2023 Earnings (NYSE:GS)

The Goldman Sachs Group, Inc. (NYSE:GS – Get Rating) – Equities researchers at Seaport Res Ptn cut their Q3 2023 earnings estimates for The Goldman Sachs Group in a research note issued to investors on Thursday, January 5th. Seaport Res Ptn analyst J. Mitchell now expects that the investment management company will post earnings of $10.21 per share for the quarter, down from their prior estimate of $10.43. The consensus estimate for The Goldman Sachs Group’s current full-year earnings is $33.16 per share. Seaport Res Ptn also issued estimates for The Goldman Sachs Group’s FY2024 earnings at $45.25 EPS.

The Goldman Sachs Group (NYSE:GS – Get Rating) last issued its earnings results on Tuesday, October 18th. The investment management company reported $8.25 earnings per share for the quarter, topping analysts’ consensus estimates of $7.47 by $0.78. The business had revenue of $11.98 billion for the quarter, compared to the consensus estimate of $11.53 billion. The Goldman Sachs Group had a net margin of 22.50{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a return on equity of 13.23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The firm’s revenue for the quarter was down 12.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} on a year-over-year basis. During the same period in the previous year, the company earned $14.93 earnings per share.

GS has been the subject of a number of other reports. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $385.00 to $405.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 6th. Morgan Stanley boosted their target price on shares of The Goldman Sachs Group from $341.00 to $384.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 6th. JMP Securities boosted their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “market outperform” rating in a research report on Tuesday, October 11th. BMO Capital Markets reduced their target price on shares of The Goldman Sachs Group from $470.00 to $469.00 and set an “outperform” rating for the company in a research report on Wednesday, October 19th. Finally, Keefe, Bruyette & Woods raised shares of The Goldman Sachs Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $395.00 to $429.00 in a research report on Thursday, October 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $408.13.

The Goldman Sachs Group Trading Down 1.1 {21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}

GS stock opened at $343.76 on Friday. The company has a debt-to-equity ratio of 2.21, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $362.37 and a two-hundred day moving average price of $333.69. The Goldman Sachs Group has a one year low of $277.84 and a one year high of $404.37. The stock has a market cap of $116.41 billion, a price-to-earnings ratio of 9.15 and a beta of 1.41.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Thursday, December 1st were paid a $2.50 dividend. This represents a $10.00 annualized dividend and a dividend yield of 2.91{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The ex-dividend date of this dividend was Wednesday, November 30th. The Goldman Sachs Group’s dividend payout ratio is currently 26.63{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

Insider Activity

In related news, major shareholder Goldman Sachs Group Inc sold 3,186,888 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $22.56, for a total value of $71,896,193.28. Following the sale, the insider now directly owns 24,826,071 shares in the company, valued at $560,076,161.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Goldman Sachs Group Inc sold 3,186,888 shares of the company’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $22.56, for a total value of $71,896,193.28. Following the sale, the insider now directly owns 24,826,071 shares in the company, valued at $560,076,161.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian J. Lee sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $385.84, for a total value of $3,858,400.00. Following the completion of the sale, the insider now owns 13,656 shares in the company, valued at $5,269,031.04. The disclosure for this sale can be found here. Insiders sold 4,847,711 shares of company stock valued at $117,408,700 over the last quarter. 0.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is owned by company insiders.

Hedge Funds Weigh In On The Goldman Sachs Group

Institutional investors and hedge funds have recently modified their holdings of the business. Centerpoint Advisors LLC bought a new position in shares of The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. Transamerica Financial Advisors Inc. lifted its holdings in shares of The Goldman Sachs Group by 727.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 3rd quarter. Transamerica Financial Advisors Inc. now owns 91 shares of the investment management company’s stock worth $27,000 after purchasing an additional 80 shares in the last quarter. NewSquare Capital LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $29,000. Paragon Wealth Strategies LLC bought a new position in shares of The Goldman Sachs Group in the 3rd quarter worth $31,000. Finally, Norway Savings Bank lifted its holdings in shares of The Goldman Sachs Group by 87.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 2nd quarter. Norway Savings Bank now owns 107 shares of the investment management company’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. 69.09{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

About The Goldman Sachs Group

(Get Rating)

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management.

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Earnings History and Estimates for The Goldman Sachs Group (NYSE:GS)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Image about Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLF – Get Rating) (TSE:SLF) – Equities researchers at National Bank Financial increased their FY2023 EPS estimates for Sun Life Financial in a report issued on Thursday, April 7th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $5.70 per share for the year, up from their prior estimate of $5.63. National Bank Financial has a “Sector Perform” rating and a $77.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. Scotiabank decreased their target price on shares of Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. BMO Capital Markets decreased their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Finally, StockNews.com began coverage on shares of Sun Life Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.55.

Shares of SLF opened at $54.94 on Monday. The firm’s 50 day moving average is $54.60 and its 200-day moving average is $55.05. The stock has a market capitalization of $32.20 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.22 and a beta of 1.05. Sun Life Financial has a 12-month low of $48.85 and a 12-month high of $58.49.

Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). The business had revenue of $10.31 billion during the quarter. Sun Life Financial had a return on equity of 13.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 11.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the prior year, the company earned $1.13 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of Sun Life Financial by 12.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. FIL Ltd now owns 16,472,720 shares of the financial services provider’s stock valued at $847,955,000 after purchasing an additional 1,797,072 shares during the period. Mackenzie Financial Corp raised its position in shares of Sun Life Financial by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Mackenzie Financial Corp now owns 16,421,252 shares of the financial services provider’s stock valued at $843,908,000 after purchasing an additional 954,491 shares during the period. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. CIBC Asset Management Inc now owns 7,654,688 shares of the financial services provider’s stock valued at $425,792,000 after purchasing an additional 290,601 shares during the period. 1832 Asset Management L.P. raised its position in shares of Sun Life Financial by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. 1832 Asset Management L.P. now owns 5,988,028 shares of the financial services provider’s stock valued at $333,201,000 after purchasing an additional 106,135 shares during the period. Finally, Norges Bank bought a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $297,493,000. 47.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were given a $0.5191 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Sun Life Financial’s dividend payout ratio (DPR) is currently 39.02{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Earnings History and Estimates for Sun Life Financial (NYSE:SLF)



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