Tocqueville Asset Management L.P. Buys 15,320 Shares of The Goldman Sachs Group, Inc. $GS

Tocqueville Asset Management L.P. boosted its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 35.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 58,595 shares of the investment management company’s stock after purchasing an additional 15,320 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in The Goldman Sachs Group were worth $46,662,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of GS. Harbor Capital Advisors Inc. bought a new stake in shares of The Goldman Sachs Group during the third quarter worth $26,000. First PREMIER Bank acquired a new position in shares of The Goldman Sachs Group during the third quarter valued at $28,000. Corundum Trust Company INC bought a new position in The Goldman Sachs Group in the third quarter valued at about $29,000. Clearstead Trust LLC bought a new position in The Goldman Sachs Group in the second quarter valued at about $31,000. Finally, Elevation Wealth Partners LLC increased its position in The Goldman Sachs Group by 100.0% in the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock worth $32,000 after purchasing an additional 20 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman’s asset-management and alternatives activity continues to show strength—Goldman disclosed a large, diversified $153.8M position in spot XRP ETFs and its GPIQ ETF (a high-yield QYLD competitor) is drawing assets, providing fee and product diversification that can support revenue. Goldman Sachs Takes Lead With $153.8M in XRP ETFs
• Positive Sentiment: Goldman’s research business remains influential (raising price targets on major tech names), a business that drives trading and advisory flow and supports IB/TM fee opportunities. Goldman Sachs Raises Price Targets on 3 Tech Giants
• Neutral Sentiment: Goldman trimmed a derivative-based stake in Siemens Energy to just under 5% — routine portfolio tuning that is notable for holdings disclosure but not a major revenue driver. Goldman Sachs Trims Derivative-Based Stake in Siemens Energy
• Neutral Sentiment: Analyst coverage remains constructive overall (recent buy/overweight notes and a mid‑$800s median target), which can limit downside if macro fears ease. Analyst/coverage context (see Quiver/coverage summary)
• Negative Sentiment: Macro shock: Goldman raised oil-price forecasts and warned of large supply shocks from the Iran conflict (Brent forecast raised; warned $150 peak is possible if disruptions persist), boosting inflation and rate-sensitivity that pressure bank valuations. Goldman raises oil forecasts
• Negative Sentiment: Goldman pushed back its Fed rate-cut forecast to September (from June), citing oil-driven inflation risks — a later cut implies higher-for-longer rates and weighs on banks and risk assets. Goldman delays Fed cut forecast
• Negative Sentiment: Market reaction and technicals: rising Treasury yields and oil-driven risk-off triggered sector de-risking, contributing to a mid-single-digit intraday decline in GS shares; coverage notes a technical breakdown that can amplify selling. GS falls on yields/oil risk-off
• Negative Sentiment: Recession risk: prediction markets show recession odds jumping (up to ~32%) while Goldman itself raised its recession probability to ~25%—heightened recession risk is a headwind for deal activity and trading volumes. Recession odds rise

The Goldman Sachs Group Stock Up 0.7%

Shares of GS traded up $5.60 during midday trading on Friday, hitting $793.12. The stock had a trading volume of 872,362 shares, compared to its average volume of 2,555,523. The firm has a market cap of $235.36 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 1.01 and a beta of 1.34. The company has a 50 day simple moving average of $913.46 and a two-hundred day simple moving average of $842.71. The Goldman Sachs Group, Inc. has a twelve month low of $439.38 and a twelve month high of $984.70. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.66 and a quick ratio of 0.66.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping the consensus estimate of $11.52 by $2.03. The company had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The Goldman Sachs Group’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $11.95 earnings per share. On average, analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is currently 35.09%.

Insider Activity

In other news, CAO Sheara J. Fredman sold 4,863 shares of The Goldman Sachs Group stock in a transaction that occurred on Friday, January 23rd. The shares were sold at an average price of $923.75, for a total value of $4,492,196.25. Following the sale, the chief accounting officer directly owned 10,301 shares in the company, valued at $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David A. Viniar sold 45,000 shares of the business’s stock in a transaction on Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the completion of the sale, the director directly owned 555,000 shares in the company, valued at approximately $535,758,150. This represents a 7.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 117,283 shares of company stock worth $112,016,033. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GS. BNP Paribas Exane upped their target price on shares of The Goldman Sachs Group from $775.00 to $970.00 and gave the company a “neutral” rating in a research report on Friday, January 16th. Royal Bank Of Canada lifted their price target on shares of The Goldman Sachs Group from $900.00 to $1,030.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Bank of America boosted their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Friday, January 16th. Wells Fargo & Company increased their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Argus raised their price objective on shares of The Goldman Sachs Group from $863.00 to $1,066.00 and gave the company a “buy” rating in a research note on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $919.29.

About The Goldman Sachs Group

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.