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 $423.04, down 0.23% from the previous day, and has increased 22.99% in one year. It has overperformed other stocks in the Capital Markets industry by 0.05 percentage points. Goldman Sachs stock is currently +46.2% from its 52-week low of $289.36, and -0.54% from its 52-week high of $425.35.
As of Apr 24, 2024, there are 325.56M GS shares outstanding. The market value of GS is $137.73B. In the last 24 hours, 1.57M 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 pick 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% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Choose your method of payment and add your information.
- 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 research tools can help you figure out 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 shares at a given 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 in order to access the NYSE market and buy GS stock.
Our favorite brokerage: eToro
In our opinion, eToro is the best stock brokerage. eToro gives you:
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- Social investing: eToro offers a community with more than 20 million users worldwide. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy GS stock today.
How to Set Up a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal info to start a new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've finished signing up on the best investment app, you need to deposit funds:
Watch the tutorial below if you need help transferring funds into your new investment account.
Step 4: Evaluate Goldman Sachs stock
After you have identified the best place to buy Goldman Sachs stock, it's important to analyze their stock before you invest, so you can wrap your head around the risk and opportunity.
Goldman Sachs stock at a glance
Goldman Sachs Due Diligence Checks
WallStreetZen was built to help part-time investors do 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 true value.
Using relative valuations methods:
- GS could be undervalued based on its P/E ratio of 18.35x, relative to Capital Markets industry P/E ratio of 20.5x
- GS could be undervalued based on its P/B ratio of 1.18x, relative to Capital Markets industry P/B ratio of 1.87x
- GS could be undervalued based on its PEG ratio of 0.72x
You can do more valuation analysis on GS's stock here.
GS Financials at a glance
Failed Health Checks:
- GS has a relatively high debt to equity ratio of 13.04.
- GS profit margin has gone down from 22.7% to 17.1% in the past year.
- Total GS debt is higher than 5 years ago, relative to shareholder equity.
Is Goldman Sachs stock a Buy, Hold, or Sell, according to analysts?
Out of 15 Equities analysts who give ratings on GS, the consensus analyst rating on GS is a Strong Buy
Please note that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent GS Analyst Upgrades/Downgrades
Chris Kotowski, a top 1% analyst from Oppenheimer maintains GS with a buy rating and raises their GS price target from $446.00 to $479.00, on Apr 16, 2024.
Gerard Cassidy, a top 6% analyst from RBC Capital maintains GS with a hold rating and raises their GS price target from $390.00 to $405.00, on Apr 16, 2024.
Stephen Biggar, a top 10% analyst from Argus Research upgrades GS to a strong buy rating and announces their GS price target of $465.00, on Apr 16, 2024.
Ebrahim Poonawala, a top 19% analyst from Bank of America maintains GS with a strong buy rating and raises their GS price target from $450.00 to $478.00, on Apr 16, 2024.
Devin Ryan, a top 1% analyst from JMP Securities maintains GS with a buy rating and raises their GS price target from $440.00 to $460.00, on Apr 9, 2024.
You can dive deeper into what analysts are forecasting on the Goldman Sachs stock forecast page.
GS Momentum
Is GS Growing Revenue?
Last year, GS earnings were $7.91B. During the past five year, GS's earnings have grown by -2.02% per year. This was slower than the Capital Markets industry average of 11.71%.
Last year, GS revenue was $46.25B. Over the last five year, GS's revenue has gone up by 4.78% per year. This was slower than the Capital Markets industry average of 13.53%.
You can research GS's earnings and revenue performance here.
Are GS executives and large shareholders buying or selling the stock?
Over the past year, executives and large shareholders at GS have sold more shares than they have bought.
Denis P. Coleman, Chief Financial Officer of GS, was the latest GS insider to sell. They sold $5,001,372.40 worth of GS shares on Feb 23, 2024.
Dig into more about who owns GS shares here.
Does GS provide a stable income stream?
Goldman Sachs pays a dividend of 2.54%, compared to the Capital Markets industry's average dividend yield of 2.74%. If you owned $1,000 of GS stock, you would have received $25.41 in the past year.
Goldman Sachs dividend payments have consistently grown over the past decade and have remained stable.
Find more data about Goldman Sachs dividend yield and history here.
Get opinions from other traders
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Make your GS purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Press the Open button and your broker will execute the order.
If you want more assistance buying 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 stay up-to-date on your company.
Put GS on a watchlist to keep track of your GS stock.
GS Feed
How to Buy Stock in Goldman Sachs
To reiterate, here are the 6 steps you need to take to buy Goldman Sachs stock right now:
- 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 require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Goldman Sachs, click below.
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