Toronto Dominion Bank Reduces Holdings in Goldman Sachs Group Inc (GS)

Toronto Dominion Bank reduced its position in Goldman Sachs Group Inc (NYSE:GS) by 53.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 235,035 shares of the investment management company’s stock after selling 269,087 shares during the period. Toronto Dominion Bank owned about 0.06% of Goldman Sachs Group worth $52,691,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. increased its stake in shares of Goldman Sachs Group by 8.5% in the first quarter. Principal Financial Group Inc. now owns 683,349 shares of the investment management company’s stock worth $172,109,000 after purchasing an additional 53,448 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in shares of Goldman Sachs Group by 3.2% in the second quarter. Xact Kapitalforvaltning AB now owns 71,238 shares of the investment management company’s stock worth $15,713,000 after purchasing an additional 2,214 shares in the last quarter. FormulaFolio Investments LLC purchased a new stake in shares of Goldman Sachs Group in the second quarter worth $267,000. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Goldman Sachs Group in the second quarter worth $309,000. Finally, Rathbone Brothers plc increased its stake in shares of Goldman Sachs Group by 4.9% in the second quarter. Rathbone Brothers plc now owns 5,746 shares of the investment management company’s stock worth $1,267,000 after purchasing an additional 270 shares in the last quarter. 72.51% of the stock is currently owned by institutional investors.

GS stock opened at $205.05 on Wednesday. Goldman Sachs Group Inc has a 52 week low of $202.33 and a 52 week high of $275.31. The company has a debt-to-equity ratio of 3.04, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $76.65 billion, a price-to-earnings ratio of 10.38, a price-to-earnings-growth ratio of 0.67 and a beta of 1.15.

Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 16th. The investment management company reported $6.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.38 by $0.90. Goldman Sachs Group had a net margin of 16.68% and a return on equity of 14.10%. The business had revenue of $8.65 billion during the quarter, compared to analyst estimates of $8.43 billion. During the same quarter last year, the business earned $5.02 earnings per share. Goldman Sachs Group’s quarterly revenue was up 3.8% compared to the same quarter last year. Research analysts anticipate that Goldman Sachs Group Inc will post 25.32 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 1.56%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 16.19%.

Several research firms recently weighed in on GS. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $249.00 target price for the company in a research note on Tuesday. Keefe, Bruyette & Woods cut their target price on shares of Goldman Sachs Group from $260.00 to $255.00 and set a “hold” rating for the company in a research note on Wednesday, July 18th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $280.00 target price on shares of Goldman Sachs Group in a research note on Tuesday, July 17th. Societe Generale raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 18th. Finally, Wolfe Research began coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $281.21.

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Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates through 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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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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