Toronto Dominion Bank Has $36.64 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Toronto Dominion Bank decreased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 31.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 63,987 shares of the investment management company's stock after selling 29,372 shares during the period. Toronto Dominion Bank's holdings in The Goldman Sachs Group were worth $36,640,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Geode Capital Management LLC boosted its stake in The Goldman Sachs Group by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 6,584,202 shares of the investment management company's stock valued at $3,761,576,000 after purchasing an additional 161,500 shares during the period. Fisher Asset Management LLC boosted its position in shares of The Goldman Sachs Group by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 6,155,336 shares of the investment management company's stock valued at $3,524,669,000 after acquiring an additional 112,696 shares during the period. FMR LLC boosted its position in shares of The Goldman Sachs Group by 23.7% in the fourth quarter. FMR LLC now owns 3,586,348 shares of the investment management company's stock valued at $2,053,614,000 after acquiring an additional 687,711 shares during the period. Northern Trust Corp grew its stake in shares of The Goldman Sachs Group by 15.0% in the fourth quarter. Northern Trust Corp now owns 3,292,679 shares of the investment management company's stock worth $1,885,454,000 after acquiring an additional 428,502 shares during the last quarter. Finally, Invesco Ltd. increased its position in The Goldman Sachs Group by 8.3% during the fourth quarter. Invesco Ltd. now owns 3,010,583 shares of the investment management company's stock worth $1,723,920,000 after acquiring an additional 229,673 shares during the period. 71.21% of the stock is owned by institutional investors.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess purchased 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were acquired at an average cost 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 approximately $1,997,598.72. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.55% of the company's stock.

The Goldman Sachs Group Price Performance

Shares of GS stock traded up $4.61 during trading hours on Thursday, reaching $598.07. 1,938,325 shares of the company were exchanged, compared to its average volume of 2,383,672. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market cap of $183.51 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 0.89 and a beta of 1.32. The stock's fifty day moving average is $545.30 and its two-hundred day moving average is $580.74. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $672.19.

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 (EPS) for the quarter, beating analysts' consensus estimates of $12.57 by $1.55. The company had revenue of $15.06 billion for the quarter, compared to the consensus estimate of $14.99 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. During the same period in the prior year, the company posted $11.58 EPS. Sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a $3.00 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 2.01%. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Wall Street Analysts Forecast Growth

GS has been the topic of several research analyst reports. JMP Securities decreased their price target on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a research report on Tuesday, April 8th. Oppenheimer lowered The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research note on Wednesday, March 19th. Wells Fargo & Company cut their price target on The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada reduced their price objective on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 15th. Finally, Evercore ISI decreased their price objective on The Goldman Sachs Group from $660.00 to $594.00 and set an "outperform" rating on the stock in a report on Tuesday, April 1st. Thirteen research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group currently has a consensus rating of "Hold" and a consensus price target of $593.40.

The Goldman Sachs Group Company 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.