Mirae Asset Global Investments Co. Ltd. Sells 1,133 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mirae Asset Global Investments Co. Ltd. lowered its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,651 shares of the investment management company’s stock after selling 1,133 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in The Goldman Sachs Group were worth $25,694,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group in the first quarter worth about $33,000. Worth Asset Management LLC purchased a new position in The Goldman Sachs Group during the first quarter valued at approximately $33,000. Blue Bell Private Wealth Management LLC boosted its position in shares of The Goldman Sachs Group by 140.0% in the second quarter. Blue Bell Private Wealth Management LLC now owns 120 shares of the investment management company’s stock worth $39,000 after purchasing an additional 70 shares during the period. PrairieView Partners LLC bought a new stake in shares of The Goldman Sachs Group during the 2nd quarter valued at $45,000. Finally, Compass Wealth Management LLC purchased a new position in shares of The Goldman Sachs Group during the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 69.06% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $339.45 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.11. The company has a market cap of $110.70 billion, a PE ratio of 16.43, a PEG ratio of 1.98 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $389.44. The business’s fifty day simple moving average is $319.37 and its 200-day simple moving average is $326.79.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 17th. The investment management company reported $5.47 earnings per share for the quarter, topping analysts’ consensus estimates of $5.42 by $0.05. The business had revenue of $11.82 billion for the quarter, compared to analyst estimates of $11.15 billion. The Goldman Sachs Group had a return on equity of 7.37% and a net margin of 7.77%. The company’s revenue was down 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $8.25 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 22.98 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be paid a dividend of $2.75 per share. The ex-dividend date is Wednesday, November 29th. This represents a $11.00 annualized dividend and a dividend yield of 3.24%. The Goldman Sachs Group’s payout ratio is currently 53.24%.

Analysts Set New Price Targets

A number of research firms have commented on GS. StockNews.com started coverage on The Goldman Sachs Group in a report on Thursday, October 5th. They set a “hold” rating on the stock. Oppenheimer boosted their price target on The Goldman Sachs Group from $447.00 to $468.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Citigroup cut their price objective on shares of The Goldman Sachs Group from $400.00 to $380.00 and set a “neutral” rating for the company in a report on Thursday, September 21st. UBS Group upped their target price on shares of The Goldman Sachs Group from $385.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, July 24th. Finally, Atlantic Securities upgraded shares of The Goldman Sachs Group from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $330.00 to $351.00 in a research note on Tuesday, August 1st. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $393.76.

Insider Activity at The Goldman Sachs Group

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of The Goldman Sachs Group stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $0.71, for a total transaction of $51,740.54. Following the completion of the sale, the insider now owns 397,954 shares of the company’s stock, valued at approximately $282,547.34. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in resale agreements.