Mirae Asset Boosts Goldman Sachs Holdings Amid Strong Earnings Report
Mirae Asset Global Investments Co. Ltd., an institutional investor, has grown its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.8% during the second quarter of this year. According to its most recent 13F filing with the Securities and Exchange Commission, Mirae Asset Global Investments owned 85,782 shares of The Goldman Sachs Group's stock after buying an additional 4,740 shares during the quarter. This stake is valued at $86,757,000.
The company also mentioned that other hedge funds have recently modified their holdings in The Goldman Sachs Group. Turim 21 Investimentos Ltda., for example, acquired a new position in the company worth approximately $25,000. Meanwhile, Manning & Napier Advisors LLC increased its position by 287.5% during the fourth quarter.
The Goldman Sachs Group reported quarterly earnings data on July 14th, beating the consensus estimate of $14.47 with an EPS of $20.98. The business had revenue of $20.34 billion during the quarter, a 39.4% increase from last year. Goldman also declared a quarterly dividend of $5.00 per share, which will be paid on September 29th.
The company's core businesses include investment banking, global markets, asset and wealth management, and consumer banking. Its involvement in Nvidia’s $500 billion AI infrastructure financing initiative could generate underwriting, placement, and advisory fees for Goldman Sachs.