The Goldman Sachs Group, Inc. (NYSE:GS) Stake Trimmed by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 64.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,026 shares of the investment management company’s stock after selling 229,762 shares during the quarter. Toronto Dominion Bank’s holdings in The Goldman Sachs Group were worth $53,893,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of GS. First Personal Financial Services purchased a new position in The Goldman Sachs Group during the 1st quarter valued at about $25,000. First United Bank & Trust bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. Versant Capital Management Inc grew its stake in shares of The Goldman Sachs Group by 106.3% in the 1st quarter. Versant Capital Management Inc now owns 66 shares of the investment management company’s stock valued at $28,000 after buying an additional 34 shares in the last quarter. Pineridge Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $29,000. Finally, BKM Wealth Management LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $32,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Insider Buying and Selling

In other The Goldman Sachs Group news, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the transaction, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the transaction, the director now directly owns 623,425 shares in the company, valued at $269,475,456.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $6.34, for a total value of $25,360,000.00. Following the transaction, the insider now owns 12,981,022 shares of the company’s stock, valued at $82,299,679.48. The disclosure for this sale can be found here. Insiders sold a total of 4,018,500 shares of company stock valued at $34,342,615 over the last ninety days. 0.54% of the stock is owned by company insiders.

Analyst Ratings Changes

GS has been the subject of several recent research reports. UBS Group boosted their price target on The Goldman Sachs Group from $490.00 to $535.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. HSBC boosted their price target on 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. Royal Bank of Canada boosted their price target on The Goldman Sachs Group from $435.00 to $500.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 16th. Evercore ISI boosted their target price on The Goldman Sachs Group from $475.00 to $520.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, Barclays boosted their target price on The Goldman Sachs Group from $493.00 to $565.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $484.59.

The Goldman Sachs Group Stock Performance

GS stock traded up $7.32 during midday trading on Friday, hitting $499.03. The stock had a trading volume of 1,931,189 shares, compared to its average volume of 2,313,692. The firm has a market capitalization of $160.92 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 0.99 and a beta of 1.37. The Goldman Sachs Group, Inc. has a 52 week low of $289.36 and a 52 week high of $509.48. The stock has a 50-day simple moving average of $466.04 and a 200 day simple moving average of $424.42. The company has a current ratio of 1.12, a quick ratio of 0.74 and a debt-to-equity ratio of 1.97.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be given a $3.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $2.75. This represents a $12.00 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, August 30th. The Goldman Sachs Group’s dividend payout ratio (DPR) is 42.95%.

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.