Mirae Asset Global Investments Co. Ltd. Purchases 4,584 Shares of The Goldman Sachs Group, Inc. $GS

Mirae Asset Global Investments Co. Ltd. raised its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 9.3% in the second quarter, Holdings Channel reports. The firm owned 53,677 shares of the investment management company’s stock after acquiring an additional 4,584 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in The Goldman Sachs Group were worth $37,990,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Canada Pension Plan Investment Board increased its stake in The Goldman Sachs Group by 28.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 524,296 shares of the investment management company’s stock valued at $286,418,000 after purchasing an additional 116,535 shares in the last quarter. Clear Creek Financial Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $321,000. Blueshift Asset Management LLC grew its stake in shares of The Goldman Sachs Group by 161.8% in the first quarter. Blueshift Asset Management LLC now owns 1,055 shares of the investment management company’s stock worth $576,000 after acquiring an additional 652 shares during the period. Adams Diversified Equity Fund Inc. grew its stake in shares of The Goldman Sachs Group by 41.5% in the first quarter. Adams Diversified Equity Fund Inc. now owns 49,800 shares of the investment management company’s stock worth $27,205,000 after acquiring an additional 14,600 shares during the period. Finally, Terra Nova Asset Management LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $1,643,000. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Performance

GS opened at $790.32 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.57. The company has a market cap of $239.25 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 1.62 and a beta of 1.42. The company’s 50 day moving average is $755.05 and its 200 day moving average is $655.05. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $825.25.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.82 by $1.09. The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm’s revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm posted $8.62 earnings per share. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Friday, August 29th were issued a dividend of $4.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $3.00. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is presently 35.26%.

Insider Activity

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 7,463 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $724.40, for a total transaction of $5,406,197.20. Following the transaction, the chief financial officer owned 18,594 shares of the company’s stock, valued at $13,469,493.60. The trade was a 28.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John E. Waldron sold 9,244 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the transaction, the chief operating officer directly owned 115,268 shares in the company, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock worth $28,111,828 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on GS shares. Morgan Stanley lifted their price target on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of The Goldman Sachs Group from $725.00 to $790.00 and gave the stock a “hold” rating in a research note on Tuesday. Royal Bank Of Canada lifted their price target on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of The Goldman Sachs Group from $771.00 to $790.00 and gave the stock a “market perform” rating in a research note on Thursday, July 17th. Finally, BMO Capital Markets started coverage on shares of The Goldman Sachs Group in a research note on Friday. They issued a “market perform” rating and a $785.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $713.88.

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 financing under securities to resale agreements.