Mitsubishi UFJ Trust & Banking Corp Sells 10,184 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 5.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,852 shares of the investment management company’s stock after selling 10,184 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of The Goldman Sachs Group worth $73,440,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. First Personal Financial Services acquired a new stake in The Goldman Sachs Group during the 1st quarter worth about $25,000. First United Bank & Trust acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc lifted its stake in The Goldman Sachs Group by 106.3% in the first quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares during the period. Pineridge Advisors LLC acquired a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $29,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth approximately $32,000. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In related news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the transaction, the director now directly owns 623,425 shares of the company’s stock, valued at approximately $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now directly owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total value of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares in the company, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders sold a total of 4,018,500 shares of company stock valued at $34,342,615 in the last ninety days. 0.54% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. HSBC increased their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Evercore ISI increased their price objective on shares of The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Keefe, Bruyette & Woods boosted their target price on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a research report on Thursday, June 27th. JMP Securities increased their price target on The Goldman Sachs Group from $440.00 to $460.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. Finally, UBS Group raised their price objective on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $484.59.

The Goldman Sachs Group Stock Down 0.3 %

NYSE:GS traded down $1.28 on Friday, hitting $484.93. The stock had a trading volume of 2,032,670 shares, compared to its average volume of 2,530,821. The Goldman Sachs Group, Inc. has a 1 year low of $289.36 and a 1 year high of $509.48. The firm’s fifty day simple moving average is $463.11 and its two-hundred day simple moving average is $420.97. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.74 and a current ratio of 1.12. The stock has a market cap of $156.37 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a $3.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Friday, August 30th. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $2.75. The Goldman Sachs Group’s dividend payout ratio is 42.95%.

The Goldman Sachs Group Company 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.