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 second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in GS. Synovus Financial Corp lifted its position in The Goldman Sachs Group by 13.7% in the 2nd quarter. Synovus Financial Corp now owns 13,338 shares of the investment management company’s stock valued at $4,302,000 after acquiring an additional 1,605 shares in the last quarter. Pictet Asset Management SA lifted its stake in The Goldman Sachs Group by 1.1% in the 1st quarter. Pictet Asset Management SA now owns 141,163 shares of the investment management company’s stock valued at $46,176,000 after acquiring an additional 1,491 shares in the last quarter. Achmea Investment Management B.V. boosted its position in The Goldman Sachs Group by 0.5% during the 1st quarter. Achmea Investment Management B.V. now owns 12,957 shares of the investment management company’s stock worth $4,238,000 after acquiring an additional 64 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of The Goldman Sachs Group by 6.2% during the 2nd quarter. IFM Investors Pty Ltd now owns 65,044 shares of the investment management company’s stock worth $20,979,000 after acquiring an additional 3,803 shares in the last quarter. Finally, Wedmont Private Capital raised its holdings in shares of The Goldman Sachs Group by 4.3% in the second quarter. Wedmont Private Capital now owns 3,461 shares of the investment management company’s stock valued at $1,129,000 after purchasing an additional 143 shares during the last quarter. Institutional investors and hedge funds own 69.06% of the company’s stock.

The Goldman Sachs Group Trading Up 0.1 %

Shares of The Goldman Sachs Group stock opened at $339.45 on Tuesday. The firm’s 50-day moving average price is $319.37 and its two-hundred day moving average price is $326.79. The company has a market capitalization of $110.70 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 1.98 and a beta of 1.43. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 2.11. The Goldman Sachs Group, Inc. has a 12-month low of $289.36 and a 12-month high of $389.44.

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

The Goldman Sachs Group Dividend Announcement

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

Insider Activity

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 72,874 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 397,954 shares in the company, valued at $282,547.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.54% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GS has been the topic of several recent research reports. Morgan Stanley lowered their price target on shares of The Goldman Sachs Group from $347.00 to $329.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 3rd. StockNews.com began coverage on The Goldman Sachs Group in a research report on Thursday, October 5th. They set a “hold” rating on the stock. JMP Securities reissued a “market outperform” rating and issued a $440.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, October 18th. UBS Group upped their price target 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, Citigroup decreased 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 research report on Thursday, September 21st. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $393.76.

About The Goldman Sachs Group

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.