Mirae Asset Global Investments Co. Ltd. reduced its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 1.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,651 shares of the investment management company’s stock after selling 1,133 shares during the quarter. 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 quarter.
Other large investors have also recently modified their holdings of the company. Pacific Center for Financial Services purchased a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $33,000. Worth Asset Management LLC purchased a new position in The Goldman Sachs Group during the 1st quarter valued at $33,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of The Goldman Sachs Group by 140.0% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 120 shares of the investment management company’s stock valued at $39,000 after purchasing an additional 70 shares in the last quarter. PrairieView Partners LLC purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at about $45,000. Finally, Compass Wealth Management LLC bought a new position in The Goldman Sachs Group in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 69.06% of the company’s stock.
Insider Transactions at The Goldman Sachs Group
In other news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $0.71, for a total value of $51,740.54. Following the transaction, the insider now owns 397,954 shares of the company’s stock, valued at $282,547.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.54% of the company’s stock.
Wall Street Analyst Weigh In
The Goldman Sachs Group Price Performance
NYSE GS opened at $339.45 on Tuesday. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.77 and a current ratio of 0.77. The business’s fifty day moving average is $319.37 and its 200 day moving average is $326.79. The company has a market capitalization of $110.70 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.43. The Goldman Sachs Group, Inc. has a fifty-two week low of $289.36 and a fifty-two week high of $389.44.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results on Tuesday, October 17th. The investment management company reported $5.47 EPS for the quarter, topping analysts’ consensus estimates of $5.42 by $0.05. The company had revenue of $11.82 billion for the quarter, compared to analysts’ expectations of $11.15 billion. The Goldman Sachs Group had a net margin of 7.77% and a return on equity of 7.37%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $8.25 EPS. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 22.98 earnings per share for the current year.
The Goldman Sachs Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th will be given a $2.75 dividend. The ex-dividend date of this dividend 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 53.24%.
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.
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