Mitsubishi UFJ Trust & Banking Corp Has $95.99 Million Stock Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Key Points

• Mitsubishi UFJ Trust & Banking Corp reduced its stake in The Goldman Sachs Group by 3.1% in the first quarter, holding a total of 175,707 shares worth approximately $95.99 million.
• Multiple hedge funds have adjusted their positions in GS, with significant increases from firms like Brighton Jones LLC and Wellington Management Group, which raised their holdings by 17.1% and 62.2%, respectively.
• The Goldman Sachs Group recently announced a quarterly dividend increase to $4.00 per share, bringing the annual yield to 2.3% and representing a notable rise from the previous dividend of $3.00.

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 3.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 175,707 shares of the investment management company's stock after selling 5,712 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.06% of The Goldman Sachs Group worth $95,987,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Capital Advisory LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $29,000. Godsey & Gibb Inc. boosted its holdings 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 worth $30,000 after buying an additional 34 shares during the period. Transce3nd LLC bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Mascagni Wealth Management Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter valued at about $31,000. Finally, Lowe Wealth Advisors LLC boosted its holdings in The Goldman Sachs Group by 326.7% in the 1st quarter. Lowe Wealth Advisors LLC now owns 64 shares of the investment management company's stock valued at $35,000 after purchasing an additional 49 shares during the period. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on GS. HSBC reissued a "reduce" rating and issued a $627.00 price objective (up previously from $558.00) on shares of The Goldman Sachs Group in a report on Tuesday, July 8th. Morgan Stanley boosted their price objective on shares of The Goldman Sachs Group from $680.00 to $715.00 and gave the company an "equal weight" rating in a report on Thursday, July 17th. Citigroup boosted their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a "neutral" rating in a report on Monday, July 21st. Barclays dropped their target price on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an "overweight" rating for the company in a research report on Tuesday, April 15th. Finally, Evercore ISI set a $715.00 target price on shares of The Goldman Sachs Group and gave the company an "outperform" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of "Hold" and an average price target of $660.00.

Insider Activity

In related news, EVP John F.W. Rogers sold 6,008 shares of the stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the transaction, the executive vice president directly owned 65,761 shares of the company's stock, valued at $47,176,283.79. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the transaction, the chief executive officer directly owned 126,176 shares in the company, valued at approximately $89,876,426.56. This represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,079 shares of company stock valued at $14,423,221. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 2.0%

GS traded down $14.19 during trading on Friday, reaching $709.40. 2,997,787 shares of the company's stock were exchanged, compared to its average volume of 2,165,566. The Goldman Sachs Group, Inc. has a one year low of $437.37 and a one year high of $737.88. The company has a current ratio of 1.12, a quick ratio of 0.68 and a debt-to-equity ratio of 2.26. The stock has a market capitalization of $217.67 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38. The firm has a fifty day moving average price of $669.82 and a two-hundred day moving average price of $610.88.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last posted its earnings results on Wednesday, July 16th. The investment management company reported $10.91 earnings per share for the quarter, topping analysts' consensus estimates of $9.82 by $1.09. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 13.84%. The firm had revenue of $14.58 billion for the quarter, compared to analyst estimates of $13.53 billion. During the same period in the previous year, the firm posted $8.62 EPS. The company's revenue for the quarter was up 14.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Friday, August 29th will be paid a $4.00 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.3%. This is an increase from The Goldman Sachs Group's previous quarterly dividend of $3.00. The Goldman Sachs Group's payout ratio is currently 26.44%.

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.