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

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 Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative 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 Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative 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 Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative 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 Quiver Quantitative'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 Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.