MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in The Goldman Sachs Group by 13.5% in Q1, holding 51,626 shares valued at approximately $28.2 million.
• A significant number of institutional investors have been adjusting their positions, with GAMMA Investing LLC dramatically increasing its holdings by over 63,000%, owning nearly $2.17 billion worth of shares.
• The Goldman Sachs Group announced a quarterly dividend increase from $3.00 to $4.00, reflecting a positive outlook with an annualized yield of 2.2%.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 13.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,626 shares of the investment management company's stock after buying an additional 6,150 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in The Goldman Sachs Group were worth $28,203,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd purchased a new position in The Goldman Sachs Group in the first quarter worth about $25,000. Mascagni Wealth Management Inc. purchased a new position in The Goldman Sachs Group in the fourth quarter worth about $31,000. American Capital Advisory LLC purchased a new position in The Goldman Sachs Group in the first quarter worth about $29,000. Godsey & Gibb Inc. boosted its position in The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after purchasing an additional 34 shares during the last quarter. Finally, Lowe Wealth Advisors LLC boosted its position in The Goldman Sachs Group by 326.7% in the first quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock worth $35,000 after purchasing an additional 49 shares during the last quarter. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Price Performance

GS traded down $6.24 on Friday, hitting $778.49. 451,668 shares of the company's stock traded hands, compared to its average volume of 2,462,352. The company's 50 day simple moving average is $727.73 and its 200-day simple moving average is $630.35. The firm has a market cap of $235.67 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.61 and a beta of 1.41. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $793.17. 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 Goldman Sachs Group (NYSE:GS - Get Free Report) last issued its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.82 by $1.09. The Goldman Sachs Group had a return on equity of 14.32% and a net margin of 12.37%.The company had revenue of $14.58 billion for the quarter, compared to the consensus estimate of $13.53 billion. During the same quarter last year, the company earned $8.62 EPS. The firm's quarterly revenue was up 14.5% on a year-over-year basis. As a group, research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Friday, August 29th will be paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's dividend payout ratio is presently 35.26%.

Insider Transactions at The Goldman Sachs Group

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 stock was sold at an average price of $724.40, for a total value of $5,406,197.20. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $750.51, for a total value of $6,754,590.00. Following the completion of the sale, the chief operating officer directly owned 106,268 shares in the company, valued at approximately $79,755,196.68. The trade was a 7.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,323 shares of company stock worth $28,111,828. 0.55% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on GS shares. Citizens Jmp reissued a "market perform" rating on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Citigroup raised their target price on The Goldman Sachs Group from $550.00 to $700.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. HSBC reaffirmed a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a research note on Tuesday, July 8th. Zacks Research raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 15th. Finally, Evercore ISI set a $715.00 price objective on The Goldman Sachs Group and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus target price of $660.00.

The Goldman Sachs Group 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.