The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by TD Asset Management Inc.

TD Asset Management Inc. raised its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,886 shares of the investment management company’s stock after buying an additional 4,466 shares during the quarter. TD Asset Management Inc.’s holdings in The Goldman Sachs Group were worth $105,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Stephens Consulting LLC purchased a new stake in The Goldman Sachs Group in the 4th quarter valued at $26,000. Asset Planning Inc purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $29,000. Curio Wealth LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $30,000. Whipplewood Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth about $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at about $37,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insider Activity at The Goldman Sachs Group

In other news, insider Alex S. Golten sold 5,208 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total transaction of $3,313,590.00. Following the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This trade represents a 59.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now owns 9,589 shares of the company’s stock, valued at $6,086,042.41. The trade was a 43.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,925 shares of company stock valued at $12,630,683 over the last quarter. Insiders own 0.54% of the company’s stock.

The Goldman Sachs Group Stock Up 1.0 %

The Goldman Sachs Group stock opened at $586.16 on Wednesday. The firm has a market capitalization of $182.90 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $387.12 and a fifty-two week high of $672.19. The stock’s fifty day moving average is $611.53 and its two-hundred day moving average is $570.61.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period last year, the company posted $5.48 EPS. The company’s revenue was up 22.5% on a year-over-year basis. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group’s dividend payout ratio is currently 29.59%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group increased their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their price objective on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays upped their price objective on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Oppenheimer downgraded shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 19th. Finally, Citigroup reduced their price objective on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating for the company in a research report on Monday. Ten research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $593.27.

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.