Goldman Sachs Group Inc (NYSE:GS) Position Reduced by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

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Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 33.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,633 shares of the investment management company’s stock after selling 64,613 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Goldman Sachs Group were worth $19,731,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Emerald Advisers LLC acquired a new position in Goldman Sachs Group in the fourth quarter worth approximately $25,000. Permanens Capital L.P. acquired a new position in Goldman Sachs Group in the fourth quarter worth approximately $25,000. Virtus ETF Advisers LLC acquired a new position in Goldman Sachs Group in the fourth quarter worth approximately $25,000. Harvest Fund Management Co. Ltd acquired a new position in Goldman Sachs Group in the first quarter worth approximately $26,000. Finally, Allworth Financial LP grew its position in Goldman Sachs Group by 68.5% in the first quarter. Allworth Financial LP now owns 187 shares of the investment management company’s stock worth $29,000 after buying an additional 76 shares during the last quarter. 70.37% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Goldman Sachs Group stock traded down $0.26 on Friday, hitting $179.84. 1,048,305 shares of the company traded hands, compared to its average volume of 2,878,336. The company has a 50-day moving average price of $175.17 and a 200 day moving average price of $207.42. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 2.78. Goldman Sachs Group Inc has a 12-month low of $130.85 and a 12-month high of $250.46. The company has a market cap of $62.39 billion, a PE ratio of 9.73, a PEG ratio of 0.73 and a beta of 1.45.

Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, April 15th. The investment management company reported $3.11 EPS for the quarter, beating the consensus estimate of $2.83 by $0.28. Goldman Sachs Group had a net margin of 14.04% and a return on equity of 9.26%. The business had revenue of $8.74 billion for the quarter, compared to analysts’ expectations of $7.92 billion. During the same period in the previous year, the company posted $5.71 EPS. Goldman Sachs Group’s revenue was down .7% on a year-over-year basis. Equities research analysts anticipate that Goldman Sachs Group Inc will post 13.47 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 29th. Investors of record on Monday, June 1st will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, May 29th. Goldman Sachs Group’s payout ratio is presently 23.78%.

GS has been the topic of several recent research reports. JMP Securities decreased their price target on shares of Goldman Sachs Group from $290.00 to $270.00 and set a “market outperform” rating on the stock in a research report on Thursday, April 9th. Piper Sandler decreased their price target on shares of Goldman Sachs Group from $278.00 to $214.00 and set an “overweight” rating on the stock in a research report on Friday, April 3rd. Citigroup reiterated a “buy” rating and set a $245.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, April 16th. Wells Fargo & Co lowered their price objective on shares of Goldman Sachs Group from $245.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Finally, Royal Bank of Canada reiterated a “neutral” rating and set a $182.00 price objective on shares of Goldman Sachs Group in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $223.15.

Goldman Sachs Group Profile

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.

Further Reading: The Role of a Fiduciary and Individual Investors

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

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