TD Waterhouse Canada Inc. Has $38.80 Million Stock Position in The Goldman Sachs Group, Inc. (NYSE:GS)

TD Waterhouse Canada Inc. raised its holdings in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 43.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,728 shares of the investment management company's stock after purchasing an additional 20,673 shares during the period. TD Waterhouse Canada Inc.'s holdings in The Goldman Sachs Group were worth $38,798,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GS. Stephens Consulting LLC acquired a new position in The Goldman Sachs Group in the fourth quarter worth about $26,000. Asset Planning Inc bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $29,000. Curio Wealth LLC bought a new position in The Goldman Sachs Group during the 4th quarter worth approximately $30,000. Transce3nd LLC acquired a new position in shares of The Goldman Sachs Group in the 4th quarter worth approximately $31,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director John B. Hess purchased 3,904 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the transaction, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated 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 directly 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. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $15.90 during midday trading on Thursday, reaching $545.21. 2,220,994 shares of the company were exchanged, compared to its average volume of 2,371,198. The company's 50 day moving average price is $553.80 and its two-hundred day moving average price is $572.78. The company has a market cap of $170.13 billion, a P/E ratio of 13.45, a PEG ratio of 0.89 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 12 month low of $414.85 and a 12 month high of $672.19. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $15.06 billion during the quarter, compared to the consensus estimate of $14.99 billion. During the same period in the prior year, the firm posted $11.58 earnings per share. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is currently 27.85%.

Wall Street Analyst Weigh In

GS has been the subject of a number of research reports. Daiwa America downgraded shares of The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Morgan Stanley set a $558.00 price objective on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research report on Monday, April 7th. Wells Fargo & Company cut their target price on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating on the stock in a report on Tuesday, April 15th. Daiwa Capital Markets lowered The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 target price for the company. in a report on Friday, April 4th. Finally, Oppenheimer cut The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group 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.