Mirae Asset Global Investments Co. Ltd. raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 23.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 66,400 shares of the investment management company’s stock after acquiring an additional 12,723 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in The Goldman Sachs Group were worth $52,878,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Norges Bank acquired a new stake in The Goldman Sachs Group in the 2nd quarter worth about $2,138,031,000. Ninety One UK Ltd purchased a new position in shares of The Goldman Sachs Group during the 2nd quarter worth about $408,780,000. AGF Management Ltd. boosted its position in shares of The Goldman Sachs Group by 2,429.6% in the second quarter. AGF Management Ltd. now owns 485,375 shares of the investment management company’s stock worth $343,524,000 after acquiring an additional 466,187 shares during the last quarter. Laurel Wealth Advisors LLC raised its stake in The Goldman Sachs Group by 100,678.6% during the second quarter. Laurel Wealth Advisors LLC now owns 404,122 shares of the investment management company’s stock worth $286,017,000 after purchasing an additional 403,721 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of The Goldman Sachs Group by 18.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,895,752 shares of the investment management company’s stock valued at $1,345,924,000 after purchasing an additional 291,280 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Insider Buying and Selling at The Goldman Sachs Group
In other The Goldman Sachs Group news, insider Kathryn H. Ruemmler sold 9,589 shares of the stock in a transaction dated Friday, January 23rd. The stock was sold at an average price of $927.51, for a total value of $8,893,893.39. Following the transaction, the insider owned 18,533 shares of the company’s stock, valued at approximately $17,189,542.83. This represents a 34.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director David A. Viniar sold 19,796 shares of The Goldman Sachs Group stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $964.27, for a total value of $19,088,688.92. Following the transaction, the director owned 103,390 shares in the company, valued at $99,695,875.30. This trade represents a 16.07% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 84,395 shares of company stock worth $80,824,289. Insiders own 0.55% of the company’s stock.
The Goldman Sachs Group Stock Performance
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to the consensus estimate of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $11.95 EPS. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be paid a $4.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s dividend payout ratio is currently 31.20%.
More The Goldman Sachs Group News
Here are the key news stories impacting The Goldman Sachs Group this week:
- Positive Sentiment: Goldman raised its quarterly dividend to $4.50 (annualized $18.00), a sign of confidence in capital generation and shareholder returns — this supports valuation and income-seeking flows. Goldman Sachs Soars on Q4 Post, Strong Investment Banking Outlook
- Positive Sentiment: Goldman promoted seven partners into its top leadership group, signaling deeper management capacity to drive growth across investment banking, markets and asset/wealth management. Goldman Sachs Adds Seven Partners to Top Leadership Group
- Positive Sentiment: RBC Capital reiterated franchise strength, calling GS a “preeminent global investment bank,” which supports analyst sentiment and helps justify higher target prices. RBC Capital—Preeminent Global Investment Bank
- Positive Sentiment: Goldman’s BDC priced a $400M notes offering, reflecting funding access for its credit unit and potential deployment into yield-producing assets. GS BDC Prices $400M Notes Offering
- Neutral Sentiment: Goldman research and bench in AI/semiconductors remain highly visible (top picks, spending forecasts), supporting future M&A and trading flow potential but with indirect near-term earnings impact. Goldman Sachs Semiconductor Stocks: Top 12 Picks 10 AI Stocks in Focus on Wall Street
- Neutral Sentiment: Macro & commodities research (gold and silver outlooks; investor risk appetite commentary) highlights franchise expertise and can drive trading revenue seasonally, but effects are uneven. Why Gold Prices Are Rising — Goldman Sachs View
- Neutral Sentiment: Competitive dynamics: JPMorgan is pushing its M&A bankers to close the gap with Goldman, underscoring an active competitive landscape in advisory fees and market share. JPMorgan Tells Its M&A Bankers to Do More to Close the Goldman Gap
- Neutral Sentiment: Goldman’s analysts provided neutral/in-line coverage on names like RTX (helps clients but limited direct impact on GS shares). RTX Beats Q4—Goldman Note
- Negative Sentiment: Significant insider selling: multiple senior executives (including the treasurer, CAO and other high‑profile insiders) disclosed large share sales last week — a near‑term negative for sentiment and could increase supply pressure. Top Goldman Sachs Insiders Quietly Cash Out Example SEC Form 4
- Negative Sentiment: Staff departure: Goldman’s head of precious‑metals trading, Benjamin Binet‑Laisne, left to join Mercuria — loss of trading leadership could affect that desk’s performance and client relationships. Goldman’s Former Head of Precious Metals Set to Join Mercuria
Analyst Ratings Changes
GS has been the subject of several research reports. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $700.00 to $765.00 and gave the stock a “neutral” rating in a research note on Thursday, October 16th. Keefe, Bruyette & Woods boosted their price target on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the stock a “market perform” rating in a research report on Friday, January 16th. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Evercore ISI reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Finally, Rothschild & Co Redburn raised their price target on The Goldman Sachs Group from $608.00 to $748.00 and gave the stock a “neutral” rating in a report on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and an average target price of $898.00.
View Our Latest Analysis on GS
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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