Goldman Sachs slips as investors digest stress-test details and recent run-up

Goldman Sachs Group (GS) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a bout of profit-taking after the latest Federal Reserve stress-test results and Goldman’s planned dividend increase failed to deliver a bigger upside surprise. This could also be because investors focused on the bank’s unchanged stress capital buffer and the prospect of a tougher capital backdrop even after the firm cleared the annual exam.

Details:

The Federal Reserve’s 2026 stress test showed large banks remained above minimum capital requirements under a severe downturn scenario, removing a major near-term risk for Goldman but not creating a fresh bullish catalyst.

Goldman said its stress capital buffer will remain 3.4% through September 30, 2027, leaving its standardized CET1 ratio requirement at 11.4%.

The company said it intends to raise its quarterly common dividend to $5.00 per share from $4.50 starting July 1, 2026, an 11% increase that signals confidence but may have already been partly reflected in the stock.

Sector data on the stress test indicated Goldman was among the banks with a higher projected capital drawdown than a year earlier, which may have tempered enthusiasm as investors look ahead to second-quarter results in mid-July.

Sources:

Federal Reserve, Goldman Sachs, AP, S&P Global

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 148 times in the past 6 months. Of those trades, 0 have been purchases and 148 have been sales.

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

DAVID A VINIAR has made 0 purchases and 37 sales selling 68,186 shares for an estimated $65,820,535.
DENIS P. COLEMAN (Chief Financial Officer) has made 0 purchases and 16 sales selling 18,480 shares for an estimated $17,619,504.
JOHN F.W. ROGERS (Executive Vice President) has made 0 purchases and 29 sales selling 15,855 shares for an estimated $15,210,753.
SHEARA J FREDMAN (Chief Accounting Officer) has made 0 purchases and 20 sales selling 15,164 shares for an estimated $14,063,542.
KATHRYN H. RUEMMLER (Chief Legal Officer, GC) has made 0 purchases and 14 sales selling 10,272 shares for an estimated $9,528,857.
CAREY HALIO (Global Treasurer) has made 0 purchases and 19 sales selling 4,603 shares for an estimated $4,256,247.
ALEX S GOLTEN (CHIEF RISK OFFICER) has made 0 purchases and 9 sales selling 4,523 shares for an estimated $4,212,721.
DAVID M SOLOMON (Chairman of the Board and CEO) has made 0 purchases and 4 sales selling 3,742 shares for an estimated $3,484,930.

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.

$GS Hedge Fund Activity

We have seen 1,330 institutional investors add shares of $GS stock to their portfolio, and 1,427 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CORIENT PRIVATE WEALTH LLC removed 2,426,945 shares (-93.5%) from their portfolio in Q1 2026, for an estimated $2,053,171,200
INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC added 2,393,552 shares (+inf%) to their portfolio in Q1 2026, for an estimated $2,024,921,056
JPMORGAN CHASE & CO added 876,549 shares (+12.5%) to their portfolio in Q4 2025, for an estimated $770,486,571
BLACKROCK, INC. added 737,807 shares (+3.2%) to their portfolio in Q1 2026, for an estimated $624,177,343
CAPITAL WORLD INVESTORS removed 735,298 shares (-19.7%) from their portfolio in Q1 2026, for an estimated $622,054,755
FMR LLC removed 708,966 shares (-17.5%) from their portfolio in Q1 2026, for an estimated $599,778,146
MORGAN STANLEY removed 646,044 shares (-8.7%) from their portfolio in Q1 2026, for an estimated $546,546,763

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 7 times in the past 6 months. Of those trades, 4 have been purchases and 3 have been sales.

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

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.
REPRESENTATIVE MARIA ELVIRA SALAZAR has traded it 2 times. They made 2 purchases worth up to $100,000 on 03/19 and 0 sales.
SENATOR MARKWAYNE MULLIN has traded it 2 times. They made 1 purchase worth up to $50,000 on 12/29 and 1 sale worth up to $50,000 on 02/04.
SENATOR DAVID MCCORMICK sold up to $5,000,000 on 01/23.

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 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/05/2026

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 10 analysts offer price targets for $GS in the last 6 months, with a median target of $1039.0.

Here are some recent targets:

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
Ebrahim Poonawala from B of A Securities set a target price of $1050.0 on 04/14/2026
Erika Najarian from UBS set a target price of $930.0 on 04/13/2026
Daniel Fannon from Jefferies set a target price of $1049.0 on 04/06/2026
Glenn Schorr from Evercore ISI Group set a target price of $950.0 on 04/06/2026

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.