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.
- 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.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your payment method and add your details.
- 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).
- 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.
- 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.
Our favorite brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. Here's why:
- You can invest in stocks with 0% commissions: Invest without commissions.
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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.
- Buy other assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by signing up for an account with eToro now.
Open eToro AccountStep 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
- Click here to get started.
- Provide your personal details to start a new brokerage account.
- Submit your information by hitting the "Create Account" button.
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.
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 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
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:
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:
- Choose where to buy Goldman Sachs stock
- Create a brokerage account
- Put funds into your brokerage account
- Evaluate Goldman Sachs stock
- Make your GS purchase
- Get the latest news on your GS investment
If you are looking for a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get updates on your investment in Goldman Sachs, create your watchlist below.
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