Empire Financial Management Company LLC Sells 906 Shares of The Goldman Sachs Group, Inc. $GS

Empire Financial Management Company LLC trimmed its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 19.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,733 shares of the investment management company’s stock after selling 906 shares during the period. Empire Financial Management Company LLC’s holdings in The Goldman Sachs Group were worth $3,158,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of The Goldman Sachs Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after purchasing an additional 418,820 shares during the period. State Street Corp increased its holdings in The Goldman Sachs Group by 2.1% during the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after buying an additional 394,198 shares during the period. Fisher Asset Management LLC increased its holdings in The Goldman Sachs Group by 1.7% during the fourth quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after buying an additional 110,134 shares during the period. Geode Capital Management LLC raised its stake in The Goldman Sachs Group by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in The Goldman Sachs Group by 3.4% during the fourth quarter. Bank of America Corp DE now owns 5,978,034 shares of the investment management company’s stock worth $5,254,692,000 after buying an additional 194,109 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GS. Daiwa Securities Group increased their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Dbs Bank upped their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a research report on Wednesday, July 15th. BNP Paribas Exane cut their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, UBS Group boosted their target price on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,061.43.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs ranked first in global power-sector M&A advisory by deal value during the first half of 2026, advising on transactions worth approximately $142.6 billion. Strong deal activity supports fee revenue and reinforces the firm’s investment-banking franchise. Goldman Sachs and Barclays lead power sector M&A in H1 2026
• Positive Sentiment: 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 longer-term fee growth for GSAM. T. Rowe Price Goldman Sachs Private Markets Fund debuts
• Positive Sentiment: Goldman Sachs and JPMorgan backed Harvey, an artificial-intelligence legal-services company that reportedly added $100 million in annual recurring revenue in a quarter. The investment provides exposure to private-market AI growth, though its direct financial effect on GS is likely modest. Goldman Sachs, JPMorgan back Harvey
• Neutral Sentiment: A Goldman Sachs report said hedge funds returned an average of 7% in the first half, well above their long-term average. This is constructive for industry sentiment and potentially GS’s prime-brokerage and asset-management businesses, but does not represent Goldman’s own earnings. Hedge funds on track for another stellar year on AI boom
• Negative Sentiment: Goldman’s high-beta momentum basket is projected to suffer its worst monthly performance on record, reportedly exceeding the drawdowns of 2000 and 2009. Although the basket is an index rather than a Goldman operating segment, the extreme sell-off signals risk aversion and can weigh on sentiment toward the market-sensitive bank. Goldman’s high-beta momentum basket heads for worst month ever

Insider Transactions at The Goldman Sachs Group

In related news, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction dated 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 completion of the sale, the insider owned 15,657 shares of the company’s stock, valued at $14,703,018.99. The trade was a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $929.17, for a total value of $9,571,380.17. Following the completion of the sale, the chief accounting officer owned 6,338 shares in the company, valued at approximately $5,889,079.46. This represents a 61.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,450 shares of company stock worth $29,668,201 over the last three months. 0.55% of the stock is currently owned by insiders.

The Goldman Sachs Group Trading Down 1.3%

NYSE GS opened at $1,035.01 on Wednesday. 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 fifty day simple moving average of $1,051.50 and a two-hundred day simple moving average of $953.26. The company has a current ratio of 1.11, a quick ratio of 0.63 and a debt-to-equity ratio of 2.83. The stock has a market cap of $305.34 billion, a P/E ratio of 15.97, a P/E/G ratio of 1.06 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. 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 earned $10.91 earnings per share. The business’s quarterly revenue was up 39.4% compared to the same quarter last year. On average, analysts forecast that The Goldman Sachs Group, Inc. will post 68.83 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is presently 27.78%.

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.