The Goldman Sachs Group, Inc. $GS Stock Holdings Increased by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Goldman Sachs position by 12% in the second quarter, bringing its holdings to 146,204 shares valued at approximately $149.2 million. Institutional investors collectively own 71.21% of GS.
• Goldman Sachs reported quarterly EPS of $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. The company also raised its quarterly dividend from $4.50 to $5.00 per share.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86, though higher regulatory capital requirements could constrain future buybacks, dividends and other shareholder returns.

TD Waterhouse Canada Inc. grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 12.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,204 shares of the investment management company's stock after buying an additional 15,608 shares during the period. TD Waterhouse Canada Inc. owned about 0.05% of The Goldman Sachs Group worth $149,151,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in GS. Audent Global Asset Management LLC lifted its holdings in shares of The Goldman Sachs Group by 10.1% in the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock worth $4,604,000 after purchasing an additional 479 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of The Goldman Sachs Group in the 2nd quarter worth about $53,720,000. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter worth about $1,890,000. Nomura Asset Management Co. Ltd. lifted its position in The Goldman Sachs Group by 2.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company's stock valued at $124,809,000 after purchasing an additional 3,653 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its stake in The Goldman Sachs Group by 35.0% during the 4th quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company's stock valued at $10,499,000 after purchasing an additional 3,098 shares during the period. 71.21% of the stock is currently owned by institutional investors.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Higher-rate environment supports trading revenue. Goldman Sachs shares benefited as the 10-year Treasury yield approached 4.8%. While higher rates can pressure valuations and deal financing, they can also increase fixed-income, currency and commodities trading activity—important businesses for GS. Goldman Rises as 4.8% Treasury Yield Tests Wall Street
• Positive Sentiment: Investors are rotating toward major banks. Expectations for rising rates, combined with concerns about potentially excessive AI spending and valuations, are directing capital toward large financial institutions. This broader sector rotation provides a favorable backdrop for GS. Expectations of Rising Rates and Worries About AI Have Investors Piling Into Big Bank Stocks
• Positive Sentiment: Stablecoin initiative creates a potential long-term growth opportunity. Goldman is among 21 global banks planning a regulated, U.S.-dollar-backed stablecoin targeted at cross-border payments, institutional settlement and digital-asset activity, with a potential 2027 launch. The project could expand Goldman’s payments and digital-finance capabilities, although near-term financial benefits remain uncertain. Goldman Sachs Targets 2027 Launch for a USD Stablecoin
• Neutral Sentiment: Goldman remains constructive on equities but more cautious tactically. The firm favors equities over credit over the next 12 months while warning that late-cycle risks could produce more defensive positioning and lower returns. This may support broad market activity but does not provide a direct earnings catalyst for GS. Goldman Sachs Favors Equities Over Credit as Late-Cycle Risks Build
• Negative Sentiment: Higher regulatory capital requirements remain a risk. Goldman expects rising G-SIB buffers and tighter excess-capital levels to cause large U.S. banks to moderate capital deployment, potentially limiting buybacks, dividends or other shareholder returns. Large U.S. Banks Face Rising G-SIB Buffers and Tighter Excess Capital

Wall Street Analyst Weigh In

Several brokerages have commented on GS. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a "market perform" rating in a research note on Wednesday, July 15th. UBS Group increased their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a "neutral" rating in a report on Monday, August 3rd. Bank of America increased their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a "buy" rating in a research report on Thursday, July 16th. HSBC raised shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, August 5th. Finally, Citigroup increased their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a "neutral" rating in a report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, The Goldman Sachs Group has a consensus rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group Price Performance

NYSE GS opened at $1,038.67 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $727.15 and a 1 year high of $1,153.99. The business's fifty day moving average is $1,043.43 and its two-hundred day moving average is $971.31. The stock has a market capitalization of $302.43 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.02 and a beta of 1.29. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company's revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $10.91 EPS. On average, research analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $5.00 dividend. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group's dividend payout ratio is 30.87%.

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.

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