Empowered Funds LLC Grows Position in The Goldman Sachs Group, Inc. $GS

Empowered Funds LLC raised its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 207.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,672 shares of the investment management company’s stock after purchasing an additional 40,289 shares during the quarter. Empowered Funds LLC’s holdings in The Goldman Sachs Group were worth $50,482,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in GS. Evelyn Partners Investment Management Europe Ltd grew its stake in The Goldman Sachs Group by 2.1% during the 1st quarter. Evelyn Partners Investment Management Europe Ltd now owns 4,167 shares of the investment management company’s stock valued at $3,525,000 after purchasing an additional 84 shares during the last quarter. KCM Investment Advisors LLC raised its position in The Goldman Sachs Group by 3.7% during the first quarter. KCM Investment Advisors LLC now owns 6,550 shares of the investment management company’s stock valued at $5,541,000 after acquiring an additional 234 shares in the last quarter. Infrastructure Capital Advisors LLC lifted its holdings in The Goldman Sachs Group by 409.5% in the first quarter. Infrastructure Capital Advisors LLC now owns 4,142 shares of the investment management company’s stock valued at $3,504,000 after acquiring an additional 3,329 shares during the period. Glen Eagle Advisors LLC lifted its holdings in The Goldman Sachs Group by 14.4% in the first quarter. Glen Eagle Advisors LLC now owns 643 shares of the investment management company’s stock valued at $544,000 after acquiring an additional 81 shares during the period. Finally, Quantinno Capital Management LP boosted its position in The Goldman Sachs Group by 19.6% in the 1st quarter. Quantinno Capital Management LP now owns 213,132 shares of the investment management company’s stock worth $180,308,000 after purchasing an additional 34,950 shares in the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Analyst Ratings Changes

GS has been the topic of a number of analyst reports. UBS Group raised their price objective on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 7th. HSBC increased their price target on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. CICC Research lifted their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a report on Tuesday, May 19th. Citigroup upped their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, 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 stock a “buy” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,061.43.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $1,046.53 on Tuesday. The stock has a market capitalization of $308.73 billion, a P/E ratio of 16.15, a PEG ratio of 1.08 and a beta of 1.30. The business has a 50 day simple moving average of $1,049.36 and a two-hundred day simple moving average of $952.59. The Goldman Sachs Group, Inc. has a 12 month low of $694.05 and a 12 month high of $1,153.99. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company posted $10.91 earnings per share. The business’s revenue was up 39.4% on a year-over-year basis. As a group, analysts predict that The Goldman Sachs Group, Inc. will post 68.83 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is 30.87%.

Insiders Place Their Bets

In other The Goldman Sachs Group news, CFO Denis P. Coleman sold 6,857 shares of The Goldman Sachs Group stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the sale, the chief financial officer owned 31,070 shares of the company’s stock, valued at $30,248,198.50. The trade was a 18.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider directly owned 15,657 shares of the company’s stock, valued at $14,703,018.99. The trade was a 47.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 31,450 shares of company stock valued at $29,668,201 in the last 90 days. 0.55% of the stock is owned by insiders.

Trending Headlines about The Goldman Sachs Group

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

• Positive Sentiment: Private-markets expansion: Goldman Sachs Asset Management and T. Rowe Price launched a private-markets interval fund available to non-accredited investors with a $2,500 minimum. The product could broaden distribution and create additional recurring fee revenue for GS. T. Rowe Price Goldman Sachs Private Markets Fund Debuts
• Positive Sentiment: Strong deal-advisory position: Goldman Sachs led oil and gas mergers-and-acquisitions advisory by transaction value in the first half of 2026, advising on $48.3 billion of deals. Continued deal activity supports revenue prospects for its investment-banking division. Goldman Sachs Leads Oil and Gas M&A Advisory by Value in H1 2026
• Positive Sentiment: Crypto-policy advocacy: CEO David Solomon and other major financial firms backed the proposed CLARITY Act, which could provide clearer federal rules for digital assets and potentially expand institutional crypto opportunities for GS. Franklin Templeton Joins BlackRock, Fidelity, Goldman Sachs in Backing CLARITY Act
• Neutral Sentiment: Positive earnings momentum, but sustainability is questioned: Goldman recently reported quarterly earnings and revenue well above consensus, with revenue up 39.4% year over year. However, coverage noted that bank executives—including Goldman’s—were uncertain whether record results could persist, highlighting potential normalization in trading and investment-banking revenue. JPMorgan and Goldman Posted Record Quarters
• Negative Sentiment: CLARITY Act passage remains uncertain: Although Goldman supports the legislation, Senate Democrats oppose the current draft and Senate leadership reportedly lacks enough votes. Delayed or unsuccessful passage would limit near-term benefits from regulatory clarity for GS’s digital-asset businesses. CLARITY Hopes Fade
• Negative Sentiment: New preferred-stock issuance: GS filed to issue Series AA preferred stock. The additional capital may support regulatory and business needs, but investors could view the issuance as increasing funding costs and adding to the company’s capital structure complexity. Goldman Sachs Issues New Series AA Preferred Stock

The Goldman Sachs Group Company 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.