Mitsubishi UFJ Asset Management Co. Ltd. Raises Stock Position in The Goldman Sachs Group, Inc. $GS

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 3.2% during the 2nd quarter, Holdings Channel.com reports. The fund owned 893,407 shares of the investment management company’s stock after acquiring an additional 27,938 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in The Goldman Sachs Group were worth $632,309,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in GS. Clal Insurance Enterprises Holdings Ltd bought a new position in The Goldman Sachs Group in the 1st quarter worth approximately $25,000. Dogwood Wealth Management LLC lifted its holdings in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Cornerstone Planning Group LLC lifted its holdings in shares of The Goldman Sachs Group by 46.9% in the first quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock worth $38,000 after buying an additional 23 shares in the last quarter. Ridgewood Investments LLC boosted its position in shares of The Goldman Sachs Group by 45.9% during the second quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC purchased a new position in The Goldman Sachs Group during the second quarter valued at $39,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analyst Weigh In

GS has been the topic of several research analyst reports. UBS Group boosted their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. BNP Paribas Exane boosted their target price on The Goldman Sachs Group from $685.00 to $775.00 and gave the stock a “neutral” rating in a research report on Friday, October 17th. BMO Capital Markets began coverage on The Goldman Sachs Group in a research note on Friday, October 3rd. They set a “market perform” rating and a $785.00 price target for the company. JMP Securities restated a “market perform” rating and set a $600.00 price target on shares of The Goldman Sachs Group in a report on Monday, July 14th. Finally, Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 16th. Three equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $779.50.

The Goldman Sachs Group Stock Down 0.2%

Shares of NYSE:GS opened at $786.03 on Friday. The company has a market cap of $235.75 billion, a price-to-earnings ratio of 15.97, a PEG ratio of 1.43 and a beta of 1.41. The Goldman Sachs Group, Inc. has a 12 month low of $439.38 and a 12 month high of $825.25. The company has a current ratio of 1.11, a quick ratio of 0.67 and a debt-to-equity ratio of 2.23. The company has a 50-day moving average price of $778.04 and a 200 day moving average price of $700.04.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Tuesday, October 14th. The investment management company reported $12.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $13.68 billion. The Goldman Sachs Group had a return on equity of 14.79% and a net margin of 13.18%.The company’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period in the prior year, the business posted $8.40 earnings per share. As a group, equities research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 2nd will be issued a dividend of $4.00 per share. This represents a $16.00 annualized dividend and a yield of 2.0%. The ex-dividend date is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is presently 32.50%.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, COO John E. Waldron sold 9,000 shares of The Goldman Sachs Group stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total transaction of $6,754,590.00. Following the completion of the transaction, the chief operating officer directly owned 106,268 shares of the company’s stock, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is currently owned by corporate insiders.

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.