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How to Buy Goldman Sachs Stock

Goldman Sachs Group Inc

Goldman Sachs is a capital market company located in New York, United States, which is part of the Financial Services sector, and is traded under the ticker GS on the NYSE exchange.

Goldman Sachs stock last closed at $332.01, up 2.51% from the previous day, and has increased 2.59% in one year. It has overperformed other stocks in the Capital Markets industry by 0.05 percentage points. Goldman Sachs stock is currently +19.5% from its 52-week low of $277.84, and -14.78% from its 52-week high of $389.58.

At the moment, there are 332.45M GS shares outstanding. The market cap of GS is $110.38B. In the last 24 hours, 2.72M GS shares were traded.

How to Buy Goldman Sachs Stock

Wondering how to invest in Goldman Sachs stock? Here's how.
  1. Choose where to buy Goldman Sachs stock: You need to decide on an online brokerage, but don't worry - we've tested dozens of online stock brokerages and apps to help you determine where to buy Goldman Sachs stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your payment method and add your details.
  4. Evaluate Goldman Sachs stock: The Goldman Sachs ticker symbol is GS. Is Goldman Sachs stock a good investment? Should you buy shares of GS? How do GS's underlying business fundamentals look? Do top analysts think Goldman Sachs is a good buy? Why has GS's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if GS is a good stock to buy).
  5. Make your GS purchase: Decide if you will purchase GS shares at the current market price or use a limit order to buy GS stock at a particular price.
  6. Get the latest news on your GS investment: Create a watchlist to important updates regarding your position in Goldman Sachs shares.

Step 1: Choose where to buy Goldman Sachs stock

You will need an online brokerage account to access the NYSE market and buy GS stock.

A brokerage account enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

Our favorite brokerage: eToro

Based on our analysis, eToro is the best stock brokerage. Here's why:

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  • Social investing: eToro has a community with more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
  • Security: eToro is a regulated and licensed brokerage platform.
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Step 2: Create a brokerage account

Now that you've selected your brokerage, you'll need to fill out some personal info so you can invest in GS stock today.

How to Create a New Brokerage Account on eToro

  1. Click here to get started.
  2. Provide your personal details to start a new brokerage account.
  1. Submit your information by hitting the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you have finished signing up on a good stock buying app, you need to deposit funds:

Check out the tutorial below for more details transferring funds into your investment account.

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Step 4: Evaluate Goldman Sachs stock

Once you have identified the best place to buy Goldman Sachs stock, it's crucial to research their stock prior to investing, so you truly wrap your head around the risk as well as the opportunity.

Goldman Sachs stock at a glance

GS Price
$332.01
1w %
1.8%
1y %
2.59%
5y %
46.24%
P/E
11.68x
P/B
0.94x
P/S
2.47x
PEG
1.02x
Revenue
$46.66B
Earnings
$10.02B
Fore. Rev. Growth
4.78%
Fore. Earn. Growth
12.77%
Market Cap
$110.38B
Next Earnings
Jul 18, 2023
Next Dividend
Jun 29, 2023

GS Overview

WallStreetZen was built to help everyday investors perform more accurate fundamental analysis.

You can view all of the due diligence checks on GS's stock page.

Is GS stock undervalued or overvalued?

Investors use many financial metrics, analyses, models, and charts to gauge GS's fair value.

Using relative valuations ratios:

  • GS could be undervalued based on its P/E ratio of 11.68x, relative to Capital Markets industry P/E ratio of 15.45x
  • GS could be undervalued based on its P/B ratio of 0.94x, relative to Capital Markets industry P/B ratio of 1.5x
  • GS may be overvalued based on its PEG ratio of 1.02x

You can do additional valuation analysis on GS's stock here.

GS Financial Summary

Passed Health Checks:

  • GS earnings of $12.82B is not enough to cover its interest payments.

Failed Health Checks:

  • GS profit margin has gone down from 33.5% to 21.5% in the past year.
  • Total GS debt is higher than 5 years ago, relative to shareholder equity.
  • GS has a relatively high debt to equity ratio of 12.09.
  • GS's operating cash flow of $41.06B allows it to safely service it's debt of $761.75B.

Is it a good time to buy GS stock, according to analysts?

Out of 14 sell side analysts who track GS, the consensus analyst rating on GS is a Buy

It's important to note that analyst ratings are not recommendations, nor are they financial advice.

Most Recent GS Analyst Recommendations

James Fotheringham, a top 12% analyst from BMO Capital maintains GS with a buy rating and lowers their GS price target from $429.00 to $414.00, on Apr 19, 2023.

Betsy Graseck, a bottom 9% analyst from Morgan Stanley maintains GS with a hold rating and raises their GS price target from $329.00 to $337.00, on Apr 19, 2023.

Chris Kotowski, a top 4% analyst from Oppenheimer maintains GS with a buy rating and lowers their GS price target from $440.00 to $437.00, on Apr 19, 2023.

David Konrad, a top 10% analyst from Keefe, Bruyette & Woods maintains GS with a buy rating and raises their GS price target from $390.00 to $400.00, on Apr 19, 2023.

Gerard Cassidy, a bottom 10% analyst from RBC Capital maintains GS with a hold rating and raises their GS price target from $339.00 to $375.00, on Apr 19, 2023.

You can dig deeper into what analysts are saying on the Goldman Sachs stock forecast page.

GS Technicals

SMA10
325.3
SMA20
325.9
SMA50
326.72
SMA100
340.95
SMA200
341.37
MACD
-1.54
MACD Signal
-2
MACD Histogram
0.46
RSI
54.85
Stochastic %K
52.11
Stochastic %D
40.45
StochRSI %K
59.41
StochRSI %D
47.59

GS Performance Metrics

Last year, GS earnings were $10.02B. In the past five year, GS's earnings have gone up by 21.1% per year. This was faster than the Capital Markets industry average of 19.84%.

Last year, GS revenue was $46.66B. Over the last five year, GS's revenue has gone up by 6.05% per year. This was slower than the Capital Markets industry average of 13.34%.

Dig into GS's earnings and revenue performance here.

Who is buying/selling GS?

Over the last year, insiders at GS have sold more shares than they have bought.

Brian J. Lee, Chief Risk Officer of GS, was the latest GS insider to sell. They sold $1,067,117.37 worth of GS shares on May 3, 2023.

Get more info about who owns GS shares here.

Does GS provide a stable income stream?

Goldman Sachs pays a dividend of 2.86%, compared to the Capital Markets industry's average dividend yield of 3.66%. If you owned $1,000 worth of GS stock, you would have been paid $28.61 last year.

Goldman Sachs dividend payments have consistently grown over the past decade and have remained stable.

Dig into more data about Goldman Sachs dividend yield and history here.

GS Social Trading Data

One of the reasons eToro is our favorite brokerage is because of its social trading community.

Click below to learn what other traders have to say.

Step 5: Make your GS purchase

You have two primary options:

  • Market order: A market order is an order to buy or sell a stock at the best possible price.
    Market orders are mostly sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a given price limit, use a limit order.

Click the Open button and eToro will execute your order.

If you need more help with investing in stocks on eToro, click the helpful video below:

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Step 6: Get the latest news on your GS investment

Now that you own some GS stock, you'll want to keep up with your new stock purchase.

Create a watchlist to get the latest updates about your GS stock.

GS Feed

How to Buy Stock in Goldman Sachs

To reiterate, here are the 6 steps for buying Goldman Sachs stock:

  1. Choose where to buy Goldman Sachs stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Goldman Sachs stock
  5. Make your GS purchase
  6. Get the latest news on your GS investment

If you are looking for a brokerage, eToro is our recommended option.

Get Started with eToro Today

If you want to get updates on your investment in Goldman Sachs, create your watchlist below.

NYSE: GS
$332.01+8.13 (+2.51%)
Updated May 26, 2023
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NYSE: GS
$332.01+8.13 (+2.51%)
Updated May 26, 2023
Open eToro Account

FAQ

How much does it cost to buy one Goldman Sachs share?

As of May 26, 2023, it costs $332.01 to buy one share of Goldman Sachs stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $100, you can buy 0.301 shares of GS.

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Is now a good time to buy Goldman Sachs stock?

According to 14 Wall Street analysts who monitor Goldman Sachs, their consensus recommendation is to buy Goldman Sachs stock.

What is the best way to buy Goldman Sachs stock?

One way to place an order for Goldman Sachs stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.