State of Michigan Retirement System Has $68.47 Million Stock Position in The Goldman Sachs Group, Inc. $GS

State of Michigan Retirement System decreased its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,973 shares of the investment management company’s stock after selling 1,600 shares during the quarter. State of Michigan Retirement System’s holdings in The Goldman Sachs Group were worth $68,465,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Hartline Investment Corp lifted its stake in The Goldman Sachs Group by 153.3% during the third quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock worth $1,132,000 after purchasing an additional 860 shares during the last quarter. A4 Wealth Advisors LLC bought a new position in The Goldman Sachs Group in the third quarter valued at about $940,000. Meridian Wealth Management LLC raised its holdings in The Goldman Sachs Group by 39.4% in the 3rd quarter. Meridian Wealth Management LLC now owns 2,332 shares of the investment management company’s stock valued at $1,857,000 after buying an additional 659 shares during the last quarter. National Pension Service raised its stake in shares of The Goldman Sachs Group by 3.1% during the third quarter. National Pension Service now owns 665,794 shares of the investment management company’s stock valued at $530,205,000 after acquiring an additional 19,796 shares during the last quarter. Finally, Chung Wu Investment Group LLC raised its position in The Goldman Sachs Group by 114.4% during the 3rd quarter. Chung Wu Investment Group LLC now owns 2,080 shares of the investment management company’s stock worth $1,656,000 after purchasing an additional 1,110 shares during the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Stock Performance

NYSE GS opened at $929.47 on Friday. The company’s 50 day moving average is $909.26 and its 200-day moving average is $815.94. The company has a quick ratio of 0.65, a current ratio of 1.13 and a debt-to-equity ratio of 2.29. The Goldman Sachs Group, Inc. has a 12-month low of $439.38 and a 12-month high of $984.70. The firm has a market cap of $278.78 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.34.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company had revenue of $15.71 billion for the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the company posted $11.95 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The ex-dividend date is Monday, March 2nd. This represents a $18.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 31.20%.

Insider Buying and Selling at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 45,000 shares of the company’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total value of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares in the company, valued at $535,758,150. This represents a 7.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 4,863 shares of the company’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $923.75, for a total transaction of $4,492,196.25. Following the completion of the transaction, the chief accounting officer owned 10,301 shares in the company, valued at approximately $9,515,548.75. This trade represents a 32.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 87,513 shares of company stock valued at $83,718,401 over the last 90 days. Insiders own 0.55% of the company’s stock.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman is building autonomous AI agents with Anthropic to automate accounting, compliance and high‑volume operational finance tasks — expected to speed processes and boost efficiency, supporting future margin expansion. Goldman Sachs is tapping Anthropic’s AI model to automate accounting, compliance roles
• Positive Sentiment: Multiple outlets (including Reuters/CNBC coverage) confirm Anthropic engineers have worked inside Goldman to build these systems, increasing confidence the initiative is beyond pilot stage — a signal investors treat as credible operational leverage. Goldman Sachs teams up with Anthropic to automate banking tasks with AI agents, CNBC reports
• Positive Sentiment: Goldman’s venture/investment activity continues: it was among investors in TRM Labs’ recent $70M round that pushed the firm to unicorn status — indicating GS is expanding fintech/crypto analytics exposure that could generate fees and strategic data advantages. TRM Labs Reaches $1 Billion Valuation With $70 Million Series C Funding Round
• Neutral Sentiment: Goldman’s research desk continues to influence market flows (recent analyst moves: Vistra upgrade, reiteration of Nvidia buy), which supports its franchise reputation but has mixed direct impact on GS’s revenues. Stock Market Live February 6, 2026: S&P (SPY) Rebounding on Tech Bounce
• Neutral Sentiment: Goldman (with peers) publicly defended LSEG against AI disruption fears, underscoring its role advising/analyst teams in market stabilization — reputationally positive but indirect for near‑term earnings. LSEG Shares Surge 7.4% After JPMorgan and Goldman Sachs Defend Stock
• Neutral Sentiment: Broader industry context: big U.S. banks, including Goldman, raised lobbying spend — this shows heightened regulatory engagement but is an industry‑level dynamic rather than a company‑specific catalyst. Big US banks boost Washington lobbying muscle as policy fights heat up
• Negative Sentiment: Deployment risks: agentic AI raises execution, model‑risk and regulatory/compliance scrutiny (and could cap future headcount growth). If automation causes errors or regulatory pushback, short‑term costs or oversight could dent investor enthusiasm. Goldman Sachs Lets AI Agents Do Accounting and Compliance Work

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GS shares. UBS Group reissued a “neutral” rating and set a $990.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday. Citigroup raised their target price on The Goldman Sachs Group from $700.00 to $765.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Jefferies Financial Group lifted their price target on shares of The Goldman Sachs Group from $898.00 to $1,087.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 19th. Finally, Wells Fargo & Company lifted their price objective on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $907.43.

The Goldman Sachs Group Company 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.