The Goldman Sachs Group, Inc. $GS Shares Sold by TD Asset Management Inc

TD Asset Management Inc lessened its stake in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 173,820 shares of the investment management company’s stock after selling 3,529 shares during the quarter. TD Asset Management Inc owned 0.06% of The Goldman Sachs Group worth $138,422,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares during the period. Revolve Wealth Partners LLC grew its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock valued at $508,000 after buying an additional 58 shares during the period. Sivia Capital Partners LLC increased its holdings in The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares in the last quarter. Schnieders Capital Management LLC. raised its position in shares of The Goldman Sachs Group by 9.3% in the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after acquiring an additional 70 shares during the period. Finally, AlphaQuest LLC raised its position in shares of The Goldman Sachs Group by 867.5% in the second quarter. AlphaQuest LLC now owns 387 shares of the investment management company’s stock worth $274,000 after acquiring an additional 347 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

The Goldman Sachs Group Stock Up 2.2%

NYSE GS opened at $921.93 on Thursday. The business has a fifty day moving average price of $923.91 and a 200 day moving average price of $834.66. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.65 and a current ratio of 1.13. The company has a market cap of $276.52 billion, a P/E ratio of 17.97, a P/E/G ratio of 1.11 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its earnings results on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion for the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $11.95 EPS. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is currently 31.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Dbs Bank raised their target price on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research report on Thursday, November 13th. Bank of America increased their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. BNP Paribas Exane boosted their price objective on The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Argus upped their target price on The Goldman Sachs Group from $863.00 to $1,066.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Finally, Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $916.86.

Read Our Latest Analysis on GS

Insiders Place Their Bets

In related news, EVP John F.W. Rogers sold 13,151 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $959.03, for a total value of $12,612,203.53. Following the completion of the sale, the executive vice president owned 39,007 shares of the company’s stock, valued at approximately $37,408,883.21. This trade represents a 25.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Sheara J. Fredman sold 4,863 shares of the business’s stock in a transaction on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total value of $4,492,196.25. Following the transaction, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. This trade represents a 32.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by insiders.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.

See Also

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

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