Mitsubishi UFJ Trust & Banking Corp Sells 20,734 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% during the second quarter, Holdings Channel.com reports. The fund owned 233,334 shares of the investment management company’s stock after selling 20,734 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in The Goldman Sachs Group were worth $88,080,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. increased its position in shares of The Goldman Sachs Group by 7.3% during the 2nd quarter. BlackRock Inc. now owns 23,048,469 shares of the investment management company’s stock valued at $8,747,586,000 after purchasing an additional 1,559,063 shares during the last quarter. Jennison Associates LLC increased its position in shares of The Goldman Sachs Group by 211.2% during the 1st quarter. Jennison Associates LLC now owns 2,049,055 shares of the investment management company’s stock valued at $670,041,000 after purchasing an additional 1,390,627 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of The Goldman Sachs Group by 13.8% during the 2nd quarter. Alliancebernstein L.P. now owns 3,643,853 shares of the investment management company’s stock valued at $1,382,952,000 after purchasing an additional 441,659 shares during the last quarter. Cohen Investment Advisors LLC increased its position in shares of The Goldman Sachs Group by 3,711.1% during the 1st quarter. Cohen Investment Advisors LLC now owns 310,070 shares of the investment management company’s stock valued at $2,378,000 after purchasing an additional 301,934 shares during the last quarter. Finally, Westwood Holdings Group Inc. increased its position in shares of The Goldman Sachs Group by 4,712.2% during the 1st quarter. Westwood Holdings Group Inc. now owns 248,744 shares of the investment management company’s stock valued at $81,339,000 after purchasing an additional 243,575 shares during the last quarter. Institutional investors and hedge funds own 70.82% of the company’s stock.

GS stock traded down $0.75 on Tuesday, reaching $377.38. 87,537 shares of the company traded hands, compared to its average volume of 2,846,826. The Goldman Sachs Group, Inc. has a one year low of $185.52 and a one year high of $420.76. The company has a debt-to-equity ratio of 2.58, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $127.21 billion, a P/E ratio of 6.81 and a beta of 1.50. The firm has a fifty day simple moving average of $394.22 and a 200-day simple moving average of $368.44.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, July 12th. The investment management company reported $15.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of $10.24 by $4.78. The Goldman Sachs Group had a return on equity of 23.55% and a net margin of 33.03%. The company had revenue of $15.39 billion during the quarter, compared to analyst estimates of $12.17 billion. During the same quarter last year, the company earned $6.26 EPS. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 1st will be given a dividend of $2.00 per share. This represents a $8.00 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Tuesday, August 31st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $1.25. The Goldman Sachs Group’s dividend payout ratio (DPR) is 23.36%.

Several equities analysts have recently commented on the company. Royal Bank of Canada set a $370.00 price objective on The Goldman Sachs Group in a research report on Tuesday, July 13th. Barclays set a $437.00 target price on The Goldman Sachs Group in a report on Wednesday, July 14th. Keefe, Bruyette & Woods initiated coverage on The Goldman Sachs Group in a report on Wednesday, July 7th. They set a “market perform” rating and a $391.00 target price for the company. JPMorgan Chase & Co. set a $458.00 target price on The Goldman Sachs Group in a report on Friday. Finally, Credit Suisse Group increased their target price on The Goldman Sachs Group from $420.00 to $425.00 and gave the company an “outperform” rating in a report on Wednesday, July 14th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $395.09.

The Goldman Sachs Group Profile

Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.

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

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