Tocqueville Asset Management L.P. Has $46.66 Million Stock Position in The Goldman Sachs Group, Inc. $GS

Key Points

• Tocqueville Asset Management boosted its stake in Goldman Sachs by 35.4%, holding 58,595 shares after purchasing 15,320 more in Q3, worth about $46.66 million.
• Goldman beat expectations for the quarter (EPS $13.55 vs. $11.52 est.; revenue $15.71B vs. $14.30B) and raised its quarterly dividend to $4.50 ($18 annual, ~2.3% yield), payable March 30.
• Insider selling has continued—CEO David Solomon and Treasurer Carey Halio sold shares recently, and insiders have sold 117,283 shares (~$112M) in the past 90 days, with insiders owning about 0.55% of the stock.

Tocqueville Asset Management L.P. grew its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 35.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of GS. Hartline Investment Corp boosted its position in shares of The Goldman Sachs Group by 153.3% in the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company's stock valued at $1,132,000 after acquiring an additional 860 shares during the period. A4 Wealth Advisors LLC bought a new position in The Goldman Sachs Group during the third quarter worth $940,000. Stevens Capital Management LP bought a new position in The Goldman Sachs Group during the third quarter worth $1,392,000. Meridian Wealth Management LLC raised its stake in The Goldman Sachs Group by 39.4% during the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company's stock valued at $1,857,000 after purchasing an additional 659 shares during the last quarter. Finally, AlTi Global Inc. raised its stake in The Goldman Sachs Group by 87.3% during the 3rd quarter. AlTi Global Inc. now owns 29,770 shares of the investment management company's stock valued at $23,707,000 after purchasing an additional 13,879 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

Insider Activity at The Goldman Sachs Group

In other news, CEO David M. Solomon sold 272 shares of the firm's stock in a transaction on Thursday, January 29th. The stock was sold at an average price of $938.92, for a total value of $255,386.24. Following the completion of the sale, the chief executive officer directly owned 125,527 shares in the company, valued at approximately $117,859,810.84. This trade represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Treasurer Carey Halio sold 2,846 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 27th. The shares were sold at an average price of $927.17, for a total value of $2,638,725.82. Following the completion of the transaction, the treasurer directly owned 2,017 shares of the company's stock, valued at $1,870,101.89. This represents a 58.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 117,283 shares of company stock valued at $112,016,033. 0.55% of the stock is currently owned by company insiders.

Key Headlines Impacting The Goldman Sachs Group

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

Analyst Ratings Changes

Several research firms have issued reports on GS. Zacks Research upgraded shares of The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 19th. Bank of America upped their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a "buy" rating in a research report on Friday, January 16th. Evercore reiterated an "outperform" rating on shares of The Goldman Sachs Group in a research note on Friday, January 16th. HSBC lifted their target price on The Goldman Sachs Group from $742.00 to $802.00 in a research report on Friday, February 6th. Finally, BNP Paribas Exane upped their price target on The Goldman Sachs Group from $775.00 to $970.00 and gave the company a "neutral" rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and fourteen have assigned a Hold rating to the company. According to MarketBeat, The Goldman Sachs Group has an average rating of "Hold" and an average target price of $919.29.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded up $5.60 during trading on Friday, reaching $793.12. The stock had a trading volume of 872,362 shares, compared to its average volume of 2,555,523. The Goldman Sachs Group, Inc. has a 52 week low of $439.38 and a 52 week high of $984.70. The business's 50-day moving average price is $913.46 and its 200 day moving average price is $842.71. 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 stock has a market capitalization of $235.36 billion, a PE ratio of 15.47, a P/E/G ratio of 1.01 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its quarterly earnings results on Thursday, January 15th. The investment management company reported $13.55 EPS for the quarter, topping analysts' consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.72% and a net margin of 13.73%.The business had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the prior year, the company earned $11.95 EPS. The Goldman Sachs Group's revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

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

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.