Bank of America Corp DE Has $5.46 Billion Stake in The Goldman Sachs Group, Inc. $GS

Bank of America Corp DE raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,455,011 shares of the investment management company’s stock after acquiring an additional 476,977 shares during the quarter. Bank of America Corp DE’s holdings in The Goldman Sachs Group were worth $5,460,875,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in GS. Audent Global Asset Management LLC boosted its position in The Goldman Sachs Group by 10.1% during the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock worth $4,604,000 after buying an additional 479 shares during the period. Robeco Institutional Asset Management B.V. increased its position in The Goldman Sachs Group by 3.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 215,482 shares of the investment management company’s stock valued at $189,409,000 after acquiring an additional 8,154 shares during the period. Oak Grove Capital LLC acquired a new position in The Goldman Sachs Group in the 4th quarter valued at approximately $1,890,000. Nomura Asset Management Co. Ltd. raised its stake in shares of The Goldman Sachs Group by 2.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after acquiring an additional 3,653 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of The Goldman Sachs Group by 35.0% during the fourth quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock valued at $10,499,000 after acquiring an additional 3,098 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

GS has been the topic of several analyst reports. Zacks Research raised shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 16th. Daiwa Securities Group raised their target price 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. Evercore reaffirmed an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Citigroup lifted their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a report on Thursday, July 16th. Finally, UBS Group upped their price target on The Goldman Sachs Group from $940.00 to $1,120.00 and gave the company a “neutral” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,061.43.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, CAO Sheara J. Fredman sold 10,301 shares of the company’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $929.17, for a total transaction of $9,571,380.17. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of the firm’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 31,450 shares of company stock worth $29,668,201. 0.55% of the stock is owned by corporate insiders.

The Goldman Sachs Group News Roundup

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

• Positive Sentiment: Goldman Sachs and T. Rowe Price launched a private-markets interval fund for retail investors, potentially expanding Goldman’s asset-management distribution and fee opportunities. CEO David Solomon’s support for the revised Crypto Clarity Act may also improve the firm’s positioning in digital-asset regulation. Goldman Sachs Launches Retail Private Markets Fund
• Positive Sentiment: Goldman ranked among the leading global M&A advisers in the first half of 2026, advising on transactions valued at $597.4 billion. Strong deal activity supports potential investment-banking revenue, although it does not directly change near-term earnings guidance. Goldman Sachs, Houlihan Lokey Lead H1 2026 M&A Adviser Rankings
• Positive Sentiment: Goldman-backed Attovia Therapeutics is seeking up to $212.5 million in a U.S. IPO, highlighting the firm’s involvement in capital raising and potential future underwriting or advisory revenue. Goldman-Backed Biotech Attovia Seeks $212.5 Million IPO

The Goldman Sachs Group Trading Down 5.2%

Shares of GS stock opened at $979.67 on Thursday. The company has a market cap of $289.01 billion, a P/E ratio of 15.12, a PEG ratio of 1.05 and a beta of 1.30. The stock has a 50 day simple moving average of $1,051.46 and a two-hundred day simple moving average of $953.58. 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, Inc. has a fifty-two week low of $694.05 and a fifty-two week high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $14.47 by $6.51. The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The Goldman Sachs Group’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm earned $10.91 earnings per share. Research 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be given a $5.00 dividend. This represents a $20.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend 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 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.