Goldman Sachs has agreed to acquire wealth management firm United Capital Financial Partners.
Through the $750 million cash deal, Goldman hopes to bolster its wealth management business. At present, the banking behemoth has $500 billion in wealth management assets.
United Capital, on the other hand, has $25 billion of assets under management and more than 220 financial advisers.
Goldman CEO David Solomon indicated that the acquisition will help the company expand its clientele. The deal will allow more investors to access “the intellectual capital and investment capabilities of Goldman Sachs”, according to Solomon.
The acquisition could potentially catalyze Goldman’s reach beyond its ultra-high net worth client group, and towards the affluent end of the masses - something that spells a potential growth opportunity in the long run for the company.
GS saw its Momentum Indicator move above the 0 level on February 28, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 76 similar instances where the indicator turned positive. In of the 76 cases, the stock moved higher in the following days. The odds of a move higher are at .
The Moving Average Convergence Divergence (MACD) for GS just turned positive on February 23, 2024. Looking at past instances where GS's MACD turned positive, the stock continued to rise in of 41 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GS advanced for three days, in of 331 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 263 cases where GS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 64 cases where GS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GS broke above its upper Bollinger Band on February 12, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.208) is normal, around the industry mean (5.601). P/E Ratio (17.151) is within average values for comparable stocks, (37.848). Projected Growth (PEG Ratio) (3.104) is also within normal values, averaging (2.538). Dividend Yield (0.027) settles around the average of (0.036) among similar stocks. P/S Ratio (2.933) is also within normal values, averaging (98.946).
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a provider of investment banking, securities and asset management services
A.I.dvisor indicates that over the last year, GS has been closely correlated with MS. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if GS jumps, then MS could also see price increases.