New Mexico Educational Retirement Board Has $8.02 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

New Mexico Educational Retirement Board decreased its position in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 14,689 shares of the investment management company's stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board's holdings in The Goldman Sachs Group were worth $8,024,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in GS. Brighton Jones LLC grew its holdings in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company's stock worth $1,989,000 after purchasing an additional 508 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of The Goldman Sachs Group by 7.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company's stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Bank Pictet & Cie Europe AG bought a new stake in The Goldman Sachs Group during the 4th quarter worth about $583,000. Highview Capital Management LLC DE grew its holdings in The Goldman Sachs Group by 4.7% during the 4th quarter. Highview Capital Management LLC DE now owns 3,817 shares of the investment management company's stock worth $2,186,000 after acquiring an additional 171 shares during the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in The Goldman Sachs Group by 5.4% during the 4th quarter. Proficio Capital Partners LLC now owns 7,916 shares of the investment management company's stock worth $4,533,000 after acquiring an additional 404 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on GS shares. Oppenheimer lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Royal Bank Of Canada reissued a "sector perform" rating on shares of The Goldman Sachs Group in a report on Thursday. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a report on Tuesday. Citigroup lowered their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating for the company in a report on Monday, March 24th. Finally, Daiwa America lowered shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy 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 $614.00.

The Goldman Sachs Group Trading Up 1.7%

Shares of NYSE:GS traded up $11.79 during mid-day trading on Thursday, reaching $708.35. The stock had a trading volume of 764,173 shares, compared to its average volume of 2,681,703. The firm has a market cap of $217.35 billion, a PE ratio of 16.44, a price-to-earnings-growth ratio of 0.95 and a beta of 1.35. The firm has a 50 day simple moving average of $626.30 and a two-hundred day simple moving average of $594.60. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.41. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $726.00.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. During the same period last year, the company posted $11.58 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, May 30th were issued a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.69%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

Insider Buying and Selling at The Goldman Sachs Group

In related news, Director John B. Hess purchased 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director directly owned 3,904 shares in the company, valued at $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.55% of the company's stock.

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.