Toronto Dominion Bank lifted its stake in Goldman Sachs Group Inc (NYSE:GS) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 153,344 shares of the investment management company’s stock after purchasing an additional 15,849 shares during the quarter. Toronto Dominion Bank’s holdings in Goldman Sachs Group were worth $39,066,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in shares of Goldman Sachs Group by 4,096.0% during the 2nd quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Goldman Sachs Group by 47.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock valued at $799,472,000 after acquiring an additional 1,152,869 shares during the period. Balyasny Asset Management LLC grew its position in shares of Goldman Sachs Group by 1,654.0% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock valued at $229,595,000 after acquiring an additional 975,690 shares during the period. Jennison Associates LLC grew its position in shares of Goldman Sachs Group by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after acquiring an additional 727,698 shares during the period. Finally, Capital World Investors boosted its holdings in Goldman Sachs Group by 10.5% in the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after buying an additional 726,582 shares during the period. 72.36% of the stock is currently owned by hedge funds and other institutional investors.
Goldman Sachs Group Inc (GS) traded up $2.35 during trading hours on Wednesday, reaching $267.24. 1,195,916 shares of the company’s stock traded hands, compared to its average volume of 3,930,453. The firm has a market cap of $100,250.00, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 0.96 and a beta of 1.37. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.90 by $0.78. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. The business’s revenue was down 4.2% on a year-over-year basis. During the same period in the previous year, the firm earned $5.08 EPS. sell-side analysts anticipate that Goldman Sachs Group Inc will post 21.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is 15.03%.
In related news, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $268.73, for a total transaction of $3,178,807.17. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Pablo J. Salame sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $270.42, for a total transaction of $2,704,200.00. The disclosure for this sale can be found here. Insiders sold a total of 85,117 shares of company stock worth $22,141,755 over the last three months. Insiders own 2.57% of the company’s stock.
Several research firms have commented on GS. Vetr downgraded shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a report on Wednesday, February 14th. Bank of America restated a “buy” rating and set a $300.00 target price (up from $249.30) on shares of Goldman Sachs Group in a research report on Monday, February 12th. Morgan Stanley increased their price objective on shares of Goldman Sachs Group from $294.00 to $297.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $320.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $260.00 price objective on shares of Goldman Sachs Group in a research report on Thursday, January 18th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Goldman Sachs Group has a consensus rating of “Hold” and an average price target of $256.75.
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Goldman Sachs Group Profile
The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.
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