Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 5,798 Shares of Goldman Sachs Group Inc (NYSE:GS)

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Goldman Sachs Group Inc (NYSE:GS) by 2.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 209,423 shares of the investment management company’s stock after purchasing an additional 5,798 shares during the period. Goldman Sachs Group comprises approximately 0.7% of Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings, making the stock its 29th largest position. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Goldman Sachs Group were worth $42,848,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of GS. Geode Capital Management LLC lifted its stake in shares of Goldman Sachs Group by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock valued at $715,573,000 after purchasing an additional 411,700 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in shares of Goldman Sachs Group by 31,213.5% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 356,034 shares of the investment management company’s stock worth $35,603,000 after acquiring an additional 354,897 shares during the last quarter. FIL Ltd lifted its stake in shares of Goldman Sachs Group by 61,981.5% during the 1st quarter. FIL Ltd now owns 198,040 shares of the investment management company’s stock worth $38,021,000 after acquiring an additional 197,721 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Goldman Sachs Group by 5,158.4% during the 1st quarter. Marshall Wace LLP now owns 148,760 shares of the investment management company’s stock worth $28,561,000 after acquiring an additional 145,931 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Goldman Sachs Group by 16.9% during the 1st quarter. Parametric Portfolio Associates LLC now owns 984,703 shares of the investment management company’s stock worth $189,053,000 after acquiring an additional 142,430 shares during the last quarter. 68.78% of the stock is owned by institutional investors and hedge funds.

In other Goldman Sachs Group news, EVP Dane E. Holmes sold 3,165 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $212.15, for a total transaction of $671,454.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.41% of the company’s stock.

GS has been the subject of a number of research analyst reports. TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research note on Tuesday, August 6th. Deutsche Bank reissued a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, June 28th. ValuEngine raised Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Keefe, Bruyette & Woods raised Goldman Sachs Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $225.00 to $260.00 in a research note on Friday, July 26th. Finally, Zacks Investment Research raised Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 price target for the company in a research note on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $240.92.

GS traded down $1.28 during trading on Tuesday, hitting $198.37. 147,256 shares of the stock were exchanged, compared to its average volume of 2,031,773. The firm has a 50 day simple moving average of $208.68 and a 200 day simple moving average of $200.26. The firm has a market cap of $72.07 billion, a price-to-earnings ratio of 7.85, a P/E/G ratio of 0.72 and a beta of 1.32. Goldman Sachs Group Inc has a 1 year low of $151.70 and a 1 year high of $245.08. The company has a debt-to-equity ratio of 2.78, a quick ratio of 0.85 and a current ratio of 0.85.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, July 16th. The investment management company reported $5.81 EPS for the quarter, topping the consensus estimate of $4.73 by $1.08. The company had revenue of $9.46 billion for the quarter, compared to the consensus estimate of $8.88 billion. Goldman Sachs Group had a return on equity of 12.43% and a net margin of 22.09%. Goldman Sachs Group’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $5.98 EPS. As a group, equities analysts anticipate that Goldman Sachs Group Inc will post 22.8 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.25 per share. This is an increase from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 annualized dividend and a yield of 2.52%. The ex-dividend date is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 13.45%.

About Goldman Sachs Group

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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

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