Goldman Sachs Group, Inc. reported strong Q4 earnings, beating expectations and increasing its quarterly dividend by 12.5% to $4.50 per share. The company has seen 14 consecutive years of dividend increases and has a current yield of 1.64%. With a market cap of $288.5 billion, GS stock is up 52% over the past year. Despite a revenue miss, Goldman Sachs’ Q4 earnings beat estimates. An earnings increase of 17% to $14.01 per share marked the ninth consecutive quarter of beating estimates. The company also saw growth in investment banking fees, equity trading, and net interest income. Analysts rate GS stock a “Moderate Buy” with a high target price of $1,125.
Read more at Barchart: Goldman Sachs Just Hiked Its Dividend 12.5%. Should You Buy GS Stock Now?
