TD Asset Management Inc. lessened its position in shares of Goldman Sachs Group Inc (NYSE:GS) by 22.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 299,109 shares of the investment management company’s stock after selling 86,453 shares during the period. TD Asset Management Inc.’s holdings in Goldman Sachs Group were worth $61,198,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in Goldman Sachs Group by 10.6% in the 4th quarter. Geode Capital Management LLC now owns 4,291,537 shares of the investment management company’s stock worth $715,573,000 after purchasing an additional 411,700 shares in the last quarter. Two Sigma Advisers LP purchased a new position in Goldman Sachs Group in the fourth quarter valued at about $301,000. Mercer Global Advisors Inc. ADV purchased a new position in Goldman Sachs Group in the first quarter valued at about $496,000. First Manhattan Co. boosted its stake in Goldman Sachs Group by 2.4% in the first quarter. First Manhattan Co. now owns 4,577 shares of the investment management company’s stock valued at $879,000 after acquiring an additional 108 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in Goldman Sachs Group by 100.0% in the first quarter. Toth Financial Advisory Corp now owns 140 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. 69.54% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:GS traded down $0.39 during trading on Thursday, reaching $195.17. The company had a trading volume of 65,712 shares, compared to its average volume of 2,490,468. The company has a fifty day moving average price of $210.01. The stock has a market cap of $72.42 billion, a PE ratio of 7.72, a P/E/G ratio of 0.74 and a beta of 1.32. Goldman Sachs Group Inc has a 12 month low of $151.70 and a 12 month high of $245.08. The company has a debt-to-equity ratio of 2.78, a current ratio of 0.85 and a quick ratio of 0.85.
The company 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 dividend of $1.25 per share. This is a positive change from Goldman Sachs Group’s previous quarterly dividend of $0.85. This represents a $5.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date is Thursday, August 29th. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 13.45%.
In other news, EVP Dane E. Holmes sold 3,165 shares of Goldman Sachs Group stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $212.15, for a total value of $671,454.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.41% of the stock is currently owned by company insiders.
A number of research firms have weighed in on GS. Zacks Investment Research upgraded shares of Goldman Sachs Group from a “sell” rating to a “hold” rating and set a $207.00 target price on the stock in a research note on Tuesday, June 25th. Deutsche Bank reiterated a “buy” rating on shares of Goldman Sachs Group in a research note on Friday, June 28th. Odeon Capital Group upgraded shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. BMO Capital Markets boosted their target price on shares of Goldman Sachs Group to $273.00 and gave the company a “market perform” rating in a research note on Wednesday, July 17th. Finally, ValuEngine upgraded shares of Goldman Sachs Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $240.92.
Goldman Sachs Group Profile
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
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