New Mexico Educational Retirement Board Reduces Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

New Mexico Educational Retirement Board lowered its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 2.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. American Capital Advisory LLC bought a new stake in The Goldman Sachs Group in the 1st quarter worth about $29,000. Curio Wealth LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter worth about $30,000. Godsey & Gibb Inc. lifted its stake in shares of The Goldman Sachs Group by 170.0% during the 1st quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock valued at $30,000 after buying an additional 34 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Finally, Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group during the 4th quarter valued at approximately $31,000. Institutional investors own 71.21% of the company's stock.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the stock in a transaction dated Tuesday, April 15th. The stock was bought at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 0.1%

NYSE GS traded down $0.44 on Wednesday, hitting $696.84. The company's stock had a trading volume of 1,763,240 shares, compared to its average volume of 2,401,895. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. 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 company's 50-day simple moving average is $623.32 and its 200 day simple moving average is $593.89. The firm has a market cap of $213.82 billion, a P/E ratio of 16.17, a PEG ratio of 0.97 and a beta of 1.35.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analyst estimates of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. During the same quarter in the prior year, the company earned $11.58 EPS. Research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Friday, May 30th. The Goldman Sachs Group's payout ratio is presently 27.85%.

Analyst Ratings Changes

GS has been the topic of several recent analyst reports. Wall Street Zen cut shares of The Goldman Sachs Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a "hold" rating to a "moderate sell" rating in a research report on Tuesday. 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. Finally, Barclays lowered their price objective on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $614.00.

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 financing under securities to resale agreements.