The Goldman Sachs Group, Inc. (NYSE:GS) Shares Acquired by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 434,125 shares of the investment management company’s stock after acquiring an additional 16,186 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.13% of The Goldman Sachs Group worth $165,745,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Morgan Stanley raised its position in The Goldman Sachs Group by 7.8% in the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after purchasing an additional 412,383 shares in the last quarter. Wellington Management Group LLP raised its position in The Goldman Sachs Group by 17.5% in the 3rd quarter. Wellington Management Group LLP now owns 1,719,242 shares of the investment management company’s stock valued at $556,295,000 after purchasing an additional 255,690 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in The Goldman Sachs Group in the 3rd quarter valued at about $64,070,000. Raymond James & Associates increased its holdings in shares of The Goldman Sachs Group by 41.9% in the fourth quarter. Raymond James & Associates now owns 612,025 shares of the investment management company’s stock valued at $236,101,000 after purchasing an additional 180,674 shares during the period. Finally, J.P. Morgan Private Wealth Advisors LLC purchased a new position in The Goldman Sachs Group in the 3rd quarter valued at $55,698,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Performance

Shares of NYSE:GS traded up $7.62 during trading on Wednesday, hitting $466.09. 2,177,045 shares of the stock were exchanged, compared to its average volume of 2,341,857. The company’s fifty day simple moving average is $413.04 and its 200-day simple moving average is $382.77. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $150.30 billion, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.40 and a beta of 1.40. The Goldman Sachs Group, Inc. has a 1-year low of $289.36 and a 1-year high of $466.19.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same period in the previous year, the business earned $8.79 EPS. The firm’s revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 36.78 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be paid a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 annualized dividend and a yield of 2.36%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Analysts Set New Price Targets

GS has been the topic of a number of research analyst reports. HSBC boosted their price objective on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a report on Tuesday, April 16th. Edward Jones began coverage on shares of The Goldman Sachs Group in a research report on Tuesday, February 27th. They set a “buy” rating on the stock. Bank of America increased their price target on The Goldman Sachs Group from $450.00 to $478.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. JMP Securities lifted their price objective on The Goldman Sachs Group from $440.00 to $460.00 and gave the company a “market outperform” rating in a research report on Tuesday, April 9th. Finally, Royal Bank of Canada increased their target price on The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $440.57.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of The Goldman Sachs Group stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total value of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares of the company’s stock, valued at approximately $11,602,947.31. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Denis P. Coleman sold 12,680 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. Insiders sold 29,330 shares of company stock worth $11,713,578 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

The Goldman Sachs Group Company 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.