Mirae Asset Global Investments Co. Ltd. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 23.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,400 shares of the investment management company’s stock after buying an additional 12,723 shares during the quarter. 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 reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of GS. Dogwood Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock valued at $26,000 after buying an additional 36 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in The Goldman Sachs Group during the 3rd quarter valued at about $26,000. First PREMIER Bank acquired a new stake in The Goldman Sachs Group in the 3rd quarter valued at about $28,000. Corundum Trust Company INC purchased a new position in The Goldman Sachs Group in the 3rd quarter worth approximately $29,000. Finally, Clearstead Trust LLC acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $31,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Wall Street Analyst Weigh In
GS has been the subject of a number of research analyst reports. HSBC set a $604.00 price target on The Goldman Sachs Group in a report on Wednesday, January 7th. UBS Group upped their price target on The Goldman Sachs Group from $762.00 to $805.00 and gave the company a “neutral” rating in a report on Tuesday, October 7th. Dbs Bank upped their price objective on shares of The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wells Fargo & Company boosted their price objective on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Argus upped their price target on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $898.00.
Insider Buying and Selling at The Goldman Sachs Group
In other news, insider Kathryn H. Ruemmler sold 9,589 shares of the business’s stock in a transaction on 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 completion of the transaction, the insider directly owned 18,533 shares of the company’s stock, valued at $17,189,542.83. The trade was a 34.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Treasurer Carey Halio sold 1,757 shares of the stock in a transaction on Friday, January 23rd. The shares were sold at an average price of $920.62, for a total value of $1,617,529.34. Following the sale, the treasurer directly owned 4,863 shares in the company, valued at approximately $4,476,975.06. The trade was a 26.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 84,395 shares of company stock valued at $80,824,289. Insiders own 0.55% of the company’s stock.
The Goldman Sachs Group Trading Up 0.7%
Shares of GS stock opened at $936.69 on Thursday. The business’s fifty day moving average price is $891.48 and its 200 day moving average price is $805.95. The firm has a market capitalization of $280.94 billion, a PE ratio of 18.26, a P/E/G ratio of 1.14 and a beta of 1.33. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65. The Goldman Sachs Group, Inc. has a 1-year low of $439.38 and a 1-year high of $984.70.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The business had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. During the same period in the prior year, the company posted $11.95 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 31.20%.
Key Stories Impacting The Goldman Sachs Group
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
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.
See Also
- Five stocks we like better than The Goldman Sachs Group
- How a Family Trust May Be Able To Help Preserve Your Wealth
- Do not delete, read immediately
- NEW LAW: Congress Approves Setup For Digital Dollar?
- “Fed Proof” Your Bank Account with THESE 4 Simple Steps
- A U.S. “birthright” claim worth trillions – activated quietly
Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.
