TD Asset Management Inc Has $125.52 Million Stock Position in The Goldman Sachs Group, Inc. $GS

TD Asset Management Inc lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 14.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 177,349 shares of the investment management company’s stock after selling 30,310 shares during the quarter. TD Asset Management Inc’s holdings in The Goldman Sachs Group were worth $125,519,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GS. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Dogwood Wealth Management LLC raised its holdings in shares of The Goldman Sachs Group by 1,800.0% in the 2nd quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after acquiring an additional 36 shares during the last quarter. American Capital Advisory LLC acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $29,000. Cornerstone Planning Group LLC raised its holdings in shares of The Goldman Sachs Group by 46.9% in the 1st quarter. Cornerstone Planning Group LLC now owns 72 shares of the investment management company’s stock worth $38,000 after acquiring an additional 23 shares during the last quarter. Finally, Ridgewood Investments LLC raised its holdings in shares of The Goldman Sachs Group by 45.9% in the 2nd quarter. Ridgewood Investments LLC now owns 54 shares of the investment management company’s stock worth $38,000 after acquiring an additional 17 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on GS. Morgan Stanley upped their target price on shares of The Goldman Sachs Group from $706.00 to $854.00 and gave the stock an “equal weight” rating in a report on Monday, September 29th. Citizens Jmp restated a “market perform” rating on shares of The Goldman Sachs Group in a report on Monday, July 14th. Evercore ISI upped their target price on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the stock an “outperform” rating in a report on Tuesday, September 30th. HSBC upped their target price on shares of The Goldman Sachs Group from $652.00 to $677.00 in a report on Thursday, October 2nd. Finally, BMO Capital Markets began coverage on shares of The Goldman Sachs Group in a research note on Friday, October 3rd. They issued a “market perform” rating and a $785.00 price objective for the company. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of “Hold” and an average target price of $746.69.

Insider Activity at The Goldman Sachs Group

In other news, COO John E. Waldron sold 9,244 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $750.11, for a total transaction of $6,934,016.84. Following the completion of the transaction, the chief operating officer directly owned 115,268 shares of the company’s stock, valued at $86,463,679.48. This represents a 7.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO David M. Solomon sold 6,608 shares of the firm’s stock in a transaction that occurred on Wednesday, July 23rd. The stock was sold at an average price of $712.31, for a total transaction of $4,706,944.48. Following the completion of the transaction, the chief executive officer directly owned 126,176 shares of the company’s stock, valued at approximately $89,876,426.56. This trade represents a 4.98% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,323 shares of company stock valued at $28,111,828 over the last quarter. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Stock Down 2.0%

The Goldman Sachs Group stock opened at $771.44 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $825.25. The firm has a 50 day moving average price of $763.05 and a 200-day moving average price of $666.12. The company has a market capitalization of $233.53 billion, a P/E ratio of 17.00, a P/E/G ratio of 1.48 and a beta of 1.42. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.57.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Tuesday, October 14th. The investment management company reported $12.25 earnings per share for the quarter, beating analysts’ consensus estimates of $10.27 by $1.98. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The firm had revenue of $11.33 billion during the quarter, compared to the consensus estimate of $13.68 billion. During the same period in the prior year, the firm earned $8.40 EPS. The company’s revenue was up 19.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 2nd will be given a dividend of $4.00 per share. This represents a $16.00 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 35.26%.

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.