TD Private Client Wealth LLC Buys 1,541 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

TD Private Client Wealth LLC increased its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,507 shares of the investment management company's stock after buying an additional 1,541 shares during the quarter. TD Private Client Wealth LLC's holdings in The Goldman Sachs Group were worth $3,726,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in GS. Swedbank AB boosted its holdings in shares of The Goldman Sachs Group by 4.2% in the third quarter. Swedbank AB now owns 339,047 shares of the investment management company's stock valued at $167,866,000 after acquiring an additional 13,730 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in The Goldman Sachs Group by 5.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 15,380 shares of the investment management company's stock valued at $7,615,000 after purchasing an additional 818 shares in the last quarter. Prospera Private Wealth LLC acquired a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $54,000. Cypress Capital Group acquired a new stake in shares of The Goldman Sachs Group in the third quarter valued at $258,000. Finally, Trustmark National Bank Trust Department boosted its stake in The Goldman Sachs Group by 103.3% during the third quarter. Trustmark National Bank Trust Department now owns 1,248 shares of the investment management company's stock valued at $618,000 after buying an additional 634 shares in the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

The Goldman Sachs Group Stock Up 1.0 %

NYSE:GS traded up $6.06 on Tuesday, hitting $586.16. 1,874,499 shares of the company's stock traded hands, compared to its average volume of 2,240,073. The company has a market cap of $182.90 billion, a PE ratio of 14.46, a price-to-earnings-growth ratio of 0.89 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 1 year low of $387.12 and a 1 year high of $672.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The firm has a 50-day moving average price of $611.53 and a 200-day moving average price of $570.61.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, beating analysts' consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same period in the previous year, the firm posted $5.48 earnings per share. The firm's revenue was up 22.5% on a year-over-year basis. Equities analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be issued a dividend of $3.00 per share. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a dividend yield of 2.05%. The Goldman Sachs Group's dividend payout ratio is 29.59%.

Analysts Set New Price Targets

GS has been the subject of a number of research analyst reports. Oppenheimer downgraded shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. Wells Fargo & Company reissued an "overweight" rating on shares of The Goldman Sachs Group in a research note on Friday, February 28th. Keefe, Bruyette & Woods lowered shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $690.00 to $660.00 in a research report on Thursday, February 27th. Hsbc Global Res cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 26th. Finally, Barclays raised their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $593.27.

Insider Activity at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 7,498 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total transaction of $4,758,905.62. Following the completion of the sale, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. The trade was a 43.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alex S. Golten sold 5,208 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock valued at $12,630,683. Insiders own 0.54% of the company's stock.

About The Goldman Sachs Group

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.