TD Asset Management Inc Has $244.02 Million Stock Position in The Goldman Sachs Group, Inc. $GS

TD Asset Management Inc grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 59.7% during the 4th quarter, Holdings Channel reports. The firm owned 277,611 shares of the investment management company’s stock after buying an additional 103,791 shares during the period. TD Asset Management Inc’s holdings in The Goldman Sachs Group were worth $244,020,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its position in The Goldman Sachs Group by 17.1% during the fourth quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock worth $1,989,000 after buying an additional 508 shares during the last quarter. Revolve Wealth Partners LLC increased its position in The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Sivia Capital Partners LLC increased its position in The Goldman Sachs Group by 90.1% during the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after buying an additional 735 shares during the last quarter. Schnieders Capital Management LLC. increased its position in The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock worth $581,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock worth $1,522,000 after buying an additional 391 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on The Goldman Sachs Group from $1,078.00 to $1,021.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 31st. Daiwa Securities Group upped their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn upped their price target on shares of The Goldman Sachs Group from $839.00 to $870.00 and gave the company a “neutral” rating in a research note on Friday, April 17th. BNP Paribas Exane decreased their price target on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, Citigroup upped their price target on shares of The Goldman Sachs Group from $765.00 to $930.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Nine equities research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $943.95.

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total value of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares in the company, valued at approximately $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 33,681 shares of company stock valued at $31,737,875. Company insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Trading Down 1.9%

GS stock opened at $1,044.85 on Thursday. The company has a debt-to-equity ratio of 2.89, a quick ratio of 0.63 and a current ratio of 0.63. The company’s 50-day simple moving average is $927.45 and its 200 day simple moving average is $897.74. The Goldman Sachs Group, Inc. has a 52 week low of $592.90 and a 52 week high of $1,073.97. The company has a market capitalization of $308.24 billion, a PE ratio of 19.09, a price-to-earnings-growth ratio of 1.37 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings results on Monday, April 13th. The investment management company reported $17.55 EPS for the quarter, beating the consensus estimate of $15.92 by $1.63. The Goldman Sachs Group had a net margin of 14.13% and a return on equity of 16.53%. The business had revenue of $17.23 billion for the quarter, compared to the consensus estimate of $16.66 billion. During the same period in the prior year, the company posted $14.12 earnings per share. The Goldman Sachs Group’s revenue was up 14.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 59.53 earnings per share for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 29th. Stockholders of record on Monday, June 1st will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, June 1st. The Goldman Sachs Group’s dividend payout ratio is 32.89%.

The Goldman Sachs Group News Summary

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs was named as one of the lead banks for Anthropic’s planned IPO, reinforcing expectations for a stronger pipeline of advisory and underwriting fees. Anthropic said to pick Morgan Stanley and Goldman to lead IPO
• Positive Sentiment: CEO David Solomon said markets are in “more greed than fear” mode and that there is enough liquidity to absorb blockbuster AI-related IPOs, signaling confidence in the dealmaking environment. Goldman Sachs CEO David Solomon says markets are in ‘greed’ mode as AI companies seek billions
• Positive Sentiment: Goldman’s ETF platform reportedly crossed $100 billion in assets shortly after the Innovator acquisition, highlighting momentum in asset management and recurring fee revenue. Can Buffer ETFs Replace Bonds? Goldman Thinks So
• Neutral Sentiment: Goldman executives continued to make upbeat comments about AI as a “generational” market force, which supports the firm’s positioning but does not directly change near-term earnings by itself. Goldman’s Minnis Sees AI as ‘Generational’ Force Driving Markets
• Neutral Sentiment: Reports that Goldman’s COO expects a rate cut by year-end may influence trading and financing conditions, but the impact on GS shares is indirect for now. Goldman Sachs COO estimates rate cut by 2026-end
• Negative Sentiment: Separate market coverage noted GS dipped more than the broader market in the latest session, suggesting some short-term profit taking or broader financial-sector weakness. Why Goldman Sachs (GS) Dipped More Than Broader Market Today

The Goldman Sachs Group Profile

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.