TD Asset Management Inc Sells 247 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

TD Asset Management Inc trimmed its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.1% during the first quarter, HoldingsChannel.com reports. The firm owned 181,135 shares of the investment management company’s stock after selling 247 shares during the quarter. TD Asset Management Inc’s holdings in The Goldman Sachs Group were worth $75,658,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Regatta Capital Group LLC increased its position in shares of The Goldman Sachs Group by 2.2% during the first quarter. Regatta Capital Group LLC now owns 1,166 shares of the investment management company’s stock valued at $487,000 after buying an additional 25 shares during the period. Powell Investment Advisors LLC grew its stake in The Goldman Sachs Group by 0.7% during the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock valued at $1,603,000 after acquiring an additional 25 shares in the last quarter. Optas LLC increased its holdings in The Goldman Sachs Group by 2.4% during the 1st quarter. Optas LLC now owns 1,072 shares of the investment management company’s stock worth $448,000 after acquiring an additional 25 shares during the period. Dumont & Blake Investment Advisors LLC lifted its stake in The Goldman Sachs Group by 1.1% in the 1st quarter. Dumont & Blake Investment Advisors LLC now owns 2,259 shares of the investment management company’s stock worth $944,000 after purchasing an additional 25 shares in the last quarter. Finally, WNY Asset Management LLC boosted its holdings in The Goldman Sachs Group by 1.6% in the 4th quarter. WNY Asset Management LLC now owns 1,627 shares of the investment management company’s stock valued at $628,000 after purchasing an additional 26 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada upped their price target on shares of The Goldman Sachs Group from $435.00 to $500.00 and gave the stock a “sector perform” rating in a report on Tuesday. BMO Capital Markets upped their target price on The Goldman Sachs Group from $360.00 to $373.00 and gave the stock a “market perform” rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price target on The Goldman Sachs Group from $485.00 to $520.00 and gave the company an “outperform” rating in a report on Thursday, June 27th. Seaport Res Ptn lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, HSBC raised their target price on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Six analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $480.44.

The Goldman Sachs Group Trading Down 0.4 %

Shares of GS traded down $1.78 during trading hours on Friday, reaching $484.43. 585,992 shares of the company traded hands, compared to its average volume of 2,320,730. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $509.48. The company has a quick ratio of 0.74, a current ratio of 1.12 and a debt-to-equity ratio of 1.97. The company’s fifty day moving average price is $462.51 and its two-hundred day moving average price is $420.06. The company has a market capitalization of $156.21 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a return on equity of 10.26% and a net margin of 9.36%. The business had revenue of $14.21 billion for the quarter, compared to analysts’ expectations of $12.94 billion. During the same period in the previous year, the firm posted $8.79 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Equities research analysts predict that The Goldman Sachs Group, Inc. will post 36.62 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, August 30th. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a dividend yield of 2.48%. The Goldman Sachs Group’s payout ratio is currently 42.95%.

Insider Buying and Selling

In other The Goldman Sachs Group news, insider Brian J. Lee sold 3,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total transaction of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares of the company’s stock, valued at $6,119,949.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Brian J. Lee sold 3,500 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, July 16th. The stock was sold at an average price of $505.99, for a total value of $1,770,965.00. Following the completion of the transaction, the insider now owns 12,095 shares of the company’s stock, valued at approximately $6,119,949.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David A. Viniar sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The disclosure for this sale can be found here. Insiders have sold a total of 4,018,500 shares of company stock valued at $34,342,615 over the last ninety days. Company insiders own 0.54% of the company’s stock.

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.