The Goldman Sachs Group, Inc. $GS Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 24.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 235,847 shares of the investment management company’s stock after selling 77,359 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.08% of The Goldman Sachs Group worth $199,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently 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% during 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 buying an additional 418,820 shares during the last quarter. State Street Corp grew its position in shares of The Goldman Sachs Group by 2.1% in the 4th 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 last quarter. Fisher Asset Management LLC raised its stake in The Goldman Sachs Group by 1.7% during the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock worth $5,952,199,000 after acquiring an additional 110,134 shares in the last quarter. Geode Capital Management LLC raised its stake in The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after acquiring an additional 45,266 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of 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 purchasing an additional 194,109 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 15,657 shares in the company, valued at $14,703,018.99. This represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,450 shares of company stock worth $29,668,201. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on GS. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. CICC Research upped their target price on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Royal Bank Of Canada restated a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. Daiwa Securities Group lifted their price target on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Wall Street Zen upgraded The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,061.43.

The Goldman Sachs Group Price Performance

Shares of GS opened at $1,035.01 on Wednesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $694.05 and a fifty-two week high of $1,153.99. The company has a market capitalization of $305.34 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.06 and a beta of 1.30. The firm has a 50-day simple moving average of $1,051.50 and a 200-day simple moving average of $953.26. The company has a debt-to-equity ratio of 2.83, a quick ratio of 0.63 and a current ratio of 1.11.

The Goldman Sachs Group (NYSE:GS) last released 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 firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The business’s revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company posted $10.91 earnings per share. On average, equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 68.83 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently disclosed 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. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is 27.78%.

Trending Headlines about 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

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.