23,296 The Goldman Sachs Group, Inc. $GS Shares Sold by TD Waterhouse Canada Inc.

17 Oct 2026, 16:45 by Kim Johansen · The Markets Daily

TD Waterhouse Canada Inc. lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 15.9% during the third quarter, HoldingsChannel reports. The firm owned 122,908 shares of the investment management company’s stock after selling 23,296 shares during the period. TD Waterhouse Canada Inc.’s holdings in The Goldman Sachs Group were worth $110,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Sky Investment Group LLC increased its position in shares of The Goldman Sachs Group by 0.9% in the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock worth $1,181,000 after acquiring an additional 10 shares in the last quarter. Warren Street Wealth Advisors LLC lifted its position in shares of The Goldman Sachs Group by 3.9% in the 2nd quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock valued at $272,000 after acquiring an additional 10 shares in the last quarter. First Financial Group Corp boosted its stake in The Goldman Sachs Group by 4.7% in the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock worth $208,000 after purchasing an additional 11 shares during the period. Meadow Creek Wealth Advisors LLC boosted its stake in The Goldman Sachs Group by 1.7% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 673 shares of the investment management company’s stock worth $569,000 after purchasing an additional 11 shares during the period. Finally, DecisionMap Wealth Management LLC boosted its stake in The Goldman Sachs Group by 3.2% in the 2nd quarter. DecisionMap Wealth Management LLC now owns 350 shares of the investment management company’s stock worth $354,000 after purchasing an additional 11 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.

Key The Goldman Sachs Group News

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

Positive Sentiment: Goldman Sachs reported third-quarter net revenue of approximately $18.7 billion, its second-highest quarterly total, while earnings increased 39% year over year. Strong equities trading and investment-banking fees supported the results, and financing activities accounted for more than 40% of trading revenue year to date. Zacks Analyst Blog Highlights Goldman Sachs
Positive Sentiment: TD Cowen initiated coverage of Goldman Sachs with a Buy rating, adding a new bullish view after the company’s strong earnings report. TD Cowen Initiates Coverage
Positive Sentiment: JPMorgan raised its Goldman Sachs price target from $955 to $970, implying meaningful potential upside from recent levels, although it retained a Neutral rating. JPMorgan Price Target Update
Neutral Sentiment: Goldman CEO David Solomon said the underlying economy remains solid and capital-markets activity is strong, but abrupt interest-rate movements are creating headwinds. That suggests favorable deal activity may be offset by macroeconomic volatility. Goldman CEO David Solomon Interest Rate Warning
Negative Sentiment: Analyst actions from RBC and Citigroup lowered expectations for Goldman Sachs, reinforcing concerns that the stock’s strong earnings are already reflected in its valuation. RBC Goldman Sachs Price Target Cut Citigroup Goldman Sachs Expectations
Negative Sentiment: Goldman Sachs and other banks delivered earnings beats but saw their shares weaken as investors focused on mixed guidance, interest-rate uncertainty and a broader “sell-the-news” reaction. Why Bank Shares Are Falling
Negative Sentiment: Goldman Sachs data showed hedge funds suffering losses as investors unwound AI-related trades amid inflation concerns and expectations for higher rates, adding to the risk-off environment affecting financial stocks. AI Trade Unwind Hurts Hedge Funds

Analysts Set New Price Targets

Several analysts have issued reports on GS shares. BMO Capital Markets cut their target price on shares of The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating on the stock in a research note on Tuesday, October 6th. Keefe, Bruyette & Woods decreased their target price on The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating for the company in a research report on Wednesday. TD Cowen started coverage on The Goldman Sachs Group in a report on Thursday, October 8th. They set a “buy” rating and a $1,050.00 price target on the stock. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, Royal Bank Of Canada dropped their price target on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,051.23.

View Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Down 1.2%

GS stock traded down $10.80 during midday trading on Friday, reaching $880.48. The company had a trading volume of 2,376,586 shares, compared to its average volume of 2,349,202. The company has a 50 day moving average of $974.71 and a two-hundred day moving average of $989.34. The company has a market capitalization of $256.37 billion, a P/E ratio of 12.66, a PEG ratio of 0.94 and a beta of 1.29. The Goldman Sachs Group, Inc. has a 1 year low of $740.01 and a 1 year high of $1,153.99. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating the consensus estimate of $12.86 by $4.15. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The business had revenue of $18.68 billion for the quarter, compared to analysts’ expectations of $16.83 billion. During the same period in the previous year, the company posted $12.25 EPS. The Goldman Sachs Group’s revenue was up 23.0% on a year-over-year basis. On average, equities research analysts expect that The Goldman Sachs Group, Inc. will post 68.54 earnings per share for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be paid a $5.00 dividend. The ex-dividend date is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is 28.76%.

About The Goldman Sachs Group

(Free Report)

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.