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

TD Asset Management Inc. lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 184,886 shares of the investment management company’s stock after purchasing an additional 4,466 shares during the quarter. TD Asset Management Inc. owned about 0.06% of The Goldman Sachs Group worth $105,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Asset Planning Inc purchased a new position in The Goldman Sachs Group in the fourth quarter worth approximately $29,000. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth $30,000. Whipplewood Advisors LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter valued at $34,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of GS opened at $586.16 on Wednesday. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The stock has a market capitalization of $182.90 billion, a PE ratio of 14.46, a PEG 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 stock has a 50-day simple moving average of $611.53 and a 200-day simple moving average of $570.61.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) 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 company had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the previous year, the firm earned $5.48 earnings per share. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. On average, analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be paid a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a dividend yield of 2.05%. The Goldman Sachs Group’s payout ratio is currently 29.59%.

Insider Activity at The Goldman Sachs Group

In related news, Treasurer Carey Halio sold 3,640 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the completion of the transaction, the treasurer now directly owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This represents a 44.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin R. Johnson purchased 2,400 shares of the company’s stock in a transaction on Friday, January 17th. The stock was bought at an average price of $619.02 per share, for a total transaction of $1,485,648.00. Following the completion of the purchase, the director now directly owns 2,400 shares of the company’s stock, valued at $1,485,648. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 19,925 shares of company stock valued at $12,630,683 over the last quarter. 0.54% of the stock is owned by insiders.

Analyst Ratings Changes

GS has been the subject of a number of recent analyst reports. Barclays raised their price objective on 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. UBS Group upped their price objective on shares of The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. lifted their target price on shares of The Goldman Sachs Group from $605.00 to $625.00 and gave the company an “overweight” rating in a report on Tuesday. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods downgraded The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $690.00 to $660.00 in a report on Thursday, February 27th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Hold” and a consensus price target 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.