Toronto Dominion Bank grew its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 10.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 264,311 shares of the investment management company’s stock after acquiring an additional 25,444 shares during the quarter. Toronto Dominion Bank’s holdings in The Goldman Sachs Group were worth $100,313,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Mitchell Capital Management Co. raised its holdings in The Goldman Sachs Group by 5.5% in the second quarter. Mitchell Capital Management Co. now owns 9,968 shares of the investment management company’s stock valued at $3,783,000 after buying an additional 521 shares during the period. Gulf International Bank UK Ltd grew its stake in The Goldman Sachs Group by 5.6% during the second quarter. Gulf International Bank UK Ltd now owns 67,760 shares of the investment management company’s stock worth $25,716,000 after buying an additional 3,595 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of The Goldman Sachs Group by 28.8% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 127,308 shares of the investment management company’s stock worth $48,317,000 after acquiring an additional 28,484 shares in the last quarter. Connors Investor Services Inc. purchased a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $12,120,000. Finally, Empirical Finance LLC lifted its holdings in shares of The Goldman Sachs Group by 18.6% during the 2nd quarter. Empirical Finance LLC now owns 4,045 shares of the investment management company’s stock valued at $1,535,000 after acquiring an additional 634 shares in the last quarter. Institutional investors and hedge funds own 70.82% of the company’s stock.
Several equities analysts recently commented on the company. Oppenheimer boosted their price target on The Goldman Sachs Group from $493.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 14th. JPMorgan Chase & Co. upped their target price on shares of The Goldman Sachs Group from $351.00 to $452.00 and gave the company an “overweight” rating in a research note on Wednesday, June 16th. Royal Bank of Canada set a $370.00 price target on shares of The Goldman Sachs Group in a research note on Tuesday, July 13th. Barclays set a $437.00 price objective on shares of The Goldman Sachs Group in a report on Wednesday, July 14th. Finally, JMP Securities lifted their target price on The Goldman Sachs Group from $400.00 to $425.00 and gave the stock a “market outperform” rating in a research report on Thursday, June 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $394.82.
The Goldman Sachs Group (NYSE:GS) last released its earnings results on Monday, July 12th. The investment management company reported $15.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $10.24 by $4.78. The Goldman Sachs Group had a net margin of 33.03% and a return on equity of 23.55%. The firm had revenue of $15.39 billion for the quarter, compared to analysts’ expectations of $12.17 billion. During the same quarter last year, the company earned $6.26 EPS. The Goldman Sachs Group’s quarterly revenue was up 15.8% on a year-over-year basis. On average, equities research analysts predict that The Goldman Sachs Group, Inc. will post 52.72 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 29th. Shareholders of record on Wednesday, September 1st will be issued a $2.00 dividend. This represents a $8.00 dividend on an annualized basis and a yield of 1.98%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $1.25. The ex-dividend date is Tuesday, August 31st. The Goldman Sachs Group’s dividend payout ratio is presently 23.36%.
The Goldman Sachs Group Profile
Goldman Sachs Group, Inc engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients.
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