Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Has $41.90 Million Position in Goldman Sachs Group Inc (GS)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. trimmed its position in Goldman Sachs Group Inc (NYSE:GS) by 6.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 165,424 shares of the investment management company’s stock after selling 10,929 shares during the period. Goldman Sachs Group makes up 0.9% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 21st biggest holding. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Goldman Sachs Group were worth $41,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Aries Wealth Management purchased a new position in Goldman Sachs Group during the 4th quarter valued at $205,000. Cypress Wealth Services LLC purchased a new stake in shares of Goldman Sachs Group in the 4th quarter worth about $239,000. Grimes & Company Inc. purchased a new stake in shares of Goldman Sachs Group in the 4th quarter worth about $461,000. Crossmark Global Holdings Inc. grew its position in shares of Goldman Sachs Group by 4.2% in the 4th quarter. Crossmark Global Holdings Inc. now owns 29,125 shares of the investment management company’s stock worth $7,420,000 after buying an additional 1,179 shares during the period. Finally, Maltese Capital Management LLC grew its position in shares of Goldman Sachs Group by 440.0% in the 4th quarter. Maltese Capital Management LLC now owns 54,000 shares of the investment management company’s stock worth $13,757,000 after buying an additional 44,000 shares during the period. 73.52% of the stock is currently owned by institutional investors.

GS has been the topic of a number of recent research reports. Instinet reaffirmed an “outperform” rating and issued a $225.00 target price (down from $238.00) on shares of Goldman Sachs Group in a research report on Thursday, January 4th. Zacks Investment Research downgraded shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Vining Sparks reaffirmed a “hold” rating and issued a $270.00 target price on shares of Goldman Sachs Group in a research report on Monday, January 8th. Barclays upped their target price on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 target price on shares of Goldman Sachs Group and gave the stock a “sell” rating in a research report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $256.20.

In related news, insider David M. Solomon sold 2,400 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $238.49, for a total value of $572,376.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $238.99, for a total transaction of $1,366,544.82. The disclosure for this sale can be found here. Insiders have sold a total of 158,414 shares of company stock valued at $39,361,490 in the last ninety days. Insiders own 2.57% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $258.70 on Wednesday. Goldman Sachs Group Inc has a 52-week low of $209.62 and a 52-week high of $273.79. The company has a market cap of $93,964.66, a PE ratio of 30.05, a PEG ratio of 0.90 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The firm had revenue of $7.83 billion during the quarter, compared to analyst estimates of $7.64 billion. During the same quarter in the prior year, the firm earned $5.08 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. sell-side analysts expect that Goldman Sachs Group Inc will post 21.56 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s payout ratio is currently 34.84%.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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