Mitsubishi UFJ Trust & Banking Corp Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Mitsubishi UFJ Trust & Banking Corp increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 181,419 shares of the investment management company’s stock after purchasing an additional 9,286 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in The Goldman Sachs Group were worth $103,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meridian Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 8.2% in the 3rd quarter. Meridian Wealth Management LLC now owns 1,268 shares of the investment management company’s stock worth $628,000 after purchasing an additional 96 shares during the last quarter. Nicolet Advisory Services LLC grew its stake in shares of The Goldman Sachs Group by 4.4% during the 3rd quarter. Nicolet Advisory Services LLC now owns 476 shares of the investment management company’s stock valued at $231,000 after acquiring an additional 20 shares during the period. Great Valley Advisor Group Inc. raised its stake in The Goldman Sachs Group by 32.0% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 3,758 shares of the investment management company’s stock worth $1,860,000 after acquiring an additional 912 shares during the period. Kingsview Wealth Management LLC lifted its holdings in The Goldman Sachs Group by 4.3% during the third quarter. Kingsview Wealth Management LLC now owns 4,146 shares of the investment management company’s stock valued at $2,053,000 after purchasing an additional 170 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in shares of The Goldman Sachs Group by 12.3% in the third quarter. Larson Financial Group LLC now owns 1,536 shares of the investment management company’s stock worth $761,000 after purchasing an additional 168 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

NYSE GS opened at $581.12 on Tuesday. The Goldman Sachs Group, Inc. has a 52-week low of $387.12 and a 52-week high of $672.19. The firm’s 50 day moving average price is $611.24 and its 200-day moving average price is $569.86. The company has a market cap of $181.33 billion, a PE ratio of 14.33, a P/E/G ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the prior year, the firm posted $5.48 earnings per share. The company’s quarterly revenue was up 22.5% on a year-over-year basis. Sell-side analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.06%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 2,034 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $627.01, for a total value of $1,275,338.34. Following the completion of the transaction, the chief accounting officer now owns 6,455 shares of the company’s stock, valued at approximately $4,047,349.55. This trade represents a 23.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kevin R. Johnson acquired 2,400 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were bought at an average cost of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the acquisition, the director now directly owns 2,400 shares of the company’s stock, valued at approximately $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 19,925 shares of company stock valued at $12,630,683. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $690.00 to $660.00 in a research note on Thursday, February 27th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Citigroup dropped their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research note on Monday. Barclays upped their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, UBS Group lifted their price target on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Ten investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Goldman Sachs Group has an average rating of “Hold” and a consensus price target of $591.93.

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.