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Goldman Sachs Slides as Rising Yields and Pre-Earnings Caution Weigh on Shares

Investivoq PriceTracker

The Goldman Sachs Group (GS) is down 3.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears to be driven mainly by a broader selloff in stocks as Treasury yields moved higher, which tends to pressure financial shares and valuation multiples. Investors may also still be reacting to management’s mid-September comments that third-quarter fixed-income trading would be softer than the equities business, with the firm’s next earnings update scheduled for October 13.

Details:

  • U.S. stocks pulled back today while long-term Treasury yields climbed, creating a tougher backdrop for rate-sensitive and cyclical shares.
  • Goldman Sachs has a third-quarter 2026 earnings conference call scheduled for October 13, leaving the stock especially sensitive to positioning ahead of results.
  • At a September investor conference, management highlighted relative strength in equities but a softer fixed-income, currencies, and commodities trading environment for the quarter.
  • The company’s most recent reported quarter was strong, which may be raising the bar for the upcoming earnings release and making investors quicker to trim exposure on macro weakness.

    • Sources:

    Goldman Sachs, AP News, Zacks

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $GS Insider Trading Activity

    $GS insiders have traded $GS stock on the open market 20 times in the past 6 months. Of those trades, 0 have been purchases and 20 have been sales.

    Here’s a breakdown of recent trading of $GS stock by insiders over the last 6 months:

    • SHEARA J FREDMAN (Chief Accounting Officer) has made 0 purchases and 2 sales selling 10,301 shares for an estimated $9,571,354.
    • DENIS P. COLEMAN (Chief Financial Officer) has made 0 purchases and 4 sales selling 6,857 shares for an estimated $6,675,612.
    • DAVID M SOLOMON (Chairman of the Board and CEO) has made 0 purchases and 2 sales selling 3,470 shares for an estimated $3,229,543.
    • ALEX S GOLTEN (CHIEF RISK OFFICER) has made 0 purchases and 4 sales selling 2,231 shares for an estimated $2,069,676.
    • KATHRYN H. RUEMMLER (Chief Legal Officer, GC) has made 0 purchases and 3 sales selling 683 shares for an estimated $634,927.
    • ERICKA T LESLIE (Chief Administrative Officer) has made 0 purchases and 5 sales selling 425 shares for an estimated $472,395.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $GS Hedge Fund Activity

    We have seen 1,484 institutional investors add shares of $GS stock to their portfolio, and 1,206 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • JPMORGAN CHASE & CO added 8,039,070 shares (+inf%) to their portfolio in Q2 2026, for an estimated $8,130,474,225
    • INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC removed 2,393,552 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $2,420,766,686
    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,896,345 shares (+inf%) to their portfolio in Q2 2026, for an estimated $1,917,906,442
    • DODGE & COX removed 1,246,324 shares (-90.3%) from their portfolio in Q2 2026, for an estimated $1,260,494,703
    • CAPITAL WORLD INVESTORS removed 1,099,855 shares (-36.6%) from their portfolio in Q2 2026, for an estimated $1,112,360,351
    • QUBE RESEARCH & TECHNOLOGIES LTD added 556,333 shares (+338.5%) to their portfolio in Q2 2026, for an estimated $562,658,506
    • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added 535,124 shares (+293.3%) to their portfolio in Q2 2026, for an estimated $541,208,359

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $GS Congressional Stock Trading

    Members of Congress have traded $GS stock 4 times in the past 6 months. Of those trades, 3 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $GS stock by members of Congress over the last 6 months:

    • REPRESENTATIVE MICHAEL A. RULLI purchased up to $15,000 on 09/03.
    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 08/26.
    • REPRESENTATIVE JOSH GOTTHEIMER has traded it 2 times. They made 1 purchase worth up to $15,000 on 04/16 and 1 sale worth up to $50,000 on 04/09.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $GS Analyst Ratings

    Wall Street analysts have issued reports on $GS in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Oppenheimer issued a "Underperform" rating on 06/30/2026

    To track analyst ratings and price targets for $GS, check out Investivoq's $GS forecast page.

    $GS Price Targets

    Multiple analysts have issued price targets for $GS recently. We have seen 7 analysts offer price targets for $GS in the last 6 months, with a median target of $1100.0.

    Here are some recent targets:

    • Erika Najarian from UBS set a target price of $1120.0 on 07/07/2026
    • Ebrahim Poonawala from B of A Securities set a target price of $1150.0 on 07/07/2026
    • Glenn Schorr from Evercore ISI Group set a target price of $1075.0 on 07/06/2026
    • Betsy Graseck from Morgan Stanley set a target price of $1099.0 on 06/29/2026
    • Mike Mayo from Wells Fargo set a target price of $1195.0 on 06/24/2026
    • Keith Horowitz from Citigroup set a target price of $1100.0 on 06/23/2026
    • Kian Abouhossein from JP Morgan set a target price of $900.0 on 06/12/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.