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

Empowered Funds LLC lifted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 207.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,672 shares of the investment management company’s stock after buying 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 quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of GS. Vanguard Group Inc. lifted its position in shares of The Goldman Sachs Group by 1.5% during the fourth 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 last quarter. State Street Corp grew its holdings in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock worth $17,197,444,000 after purchasing an additional 394,198 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of The Goldman Sachs Group by 1.7% in the fourth quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock worth $5,952,199,000 after purchasing an additional 110,134 shares during the last quarter. Geode Capital Management LLC increased its stake in The Goldman Sachs Group by 0.7% in 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 buying an additional 45,266 shares during the period. Finally, Bank of America Corp DE increased its stake in The Goldman Sachs Group by 3.4% in the 4th 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. 71.21% of the stock is owned by institutional investors.

Key Headlines Impacting 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 Stock Performance

Shares of The Goldman Sachs Group stock opened at $1,046.53 on Tuesday. The company has a market capitalization of $308.73 billion, a PE ratio of 16.15, a P/E/G ratio of 1.08 and a beta of 1.30. The company 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 one year low of $694.05 and a one year high of $1,153.99. 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 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 business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same period last year, the business earned $10.91 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. Research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. 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 value of $6,675,632.35. Following the transaction, the chief financial officer directly owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 10,301 shares of the stock in a transaction 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 sale, the chief accounting officer owned 6,338 shares of the company’s stock, 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. Over the last three months, insiders have sold 31,450 shares of company stock valued at $29,668,201. 0.55% of the stock is currently owned by insiders.

Analyst Ratings Changes

GS has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price objective on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Dbs Bank raised their target price on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. Rothschild & Co Redburn lifted their price target on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. Morgan Stanley set a $1,145.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Royal Bank Of Canada reissued a “neutral” rating on shares of The Goldman Sachs Group in a research note on Monday, April 13th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,061.43.

About The Goldman Sachs Group

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.