KMG Fiduciary Partners LLC Sells 6,709 Shares of The Goldman Sachs Group, Inc. $GS

Key Points

• KMG Fiduciary Partners cut its Goldman Sachs position by 24.2%, selling 6,709 shares and retaining 21,041 shares worth approximately $21.28 million. Institutional investors and hedge funds collectively own 71.21% of GS.
• Goldman Sachs reported a strong quarter, with earnings per share of $20.98 and revenue of $20.34 billion, substantially exceeding analyst estimates; revenue rose 39.4% year over year. The company also raised its quarterly dividend to $5.00 per share.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $1,062.86. Potential AI data-center financing and investment-banking mandates could support future revenue, although fraud accusations involving representatives in Brazil pose legal and reputational risks.

KMG Fiduciary Partners LLC decreased its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 24.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,041 shares of the investment management company's stock after selling 6,709 shares during the period. The Goldman Sachs Group accounts for 2.0% of KMG Fiduciary Partners LLC's holdings, making the stock its 11th biggest position. KMG Fiduciary Partners LLC's holdings in The Goldman Sachs Group were worth $21,280,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Audent Global Asset Management LLC increased its stake 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 valued at $4,604,000 after purchasing an additional 479 shares in the last quarter. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth $1,890,000. Nomura Asset Management Co. Ltd. grew its holdings 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 buying an additional 3,653 shares during the last quarter. Global Retirement Partners LLC grew its holdings 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 buying an additional 3,098 shares during the last quarter. Finally, New Age Alpha Advisors LLC increased its position in shares of The Goldman Sachs Group by 92.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 14,298 shares of the investment management company's stock valued at $12,568,000 after acquiring an additional 6,867 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on GS shares. Keefe, Bruyette & Woods raised their target price on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 15th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Royal Bank Of Canada reaffirmed a "neutral" rating on shares of The Goldman Sachs Group in a report on Monday, April 13th. Finally, BMO Capital Markets increased their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a "market perform" rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.86.

Key Stories Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs is reportedly working with Nvidia, Apollo and Blackstone on a potential $500 billion financing effort to support the expansion of AI data centers. The mandate could generate substantial advisory, underwriting and financing revenue while reinforcing Goldman’s position in one of the market’s fastest-growing sectors. Wall Street giants partner with Nvidia on $500bn AI financing deal
• Positive Sentiment: Goldman ranked as the leading mergers-and-acquisitions adviser in the Middle East and Africa during the first half of 2026, working on three transactions worth a combined $34.8 billion. The result highlights continued strength in its investment-banking franchise. Goldman Sachs tops MEA M&A adviser table in H1 2026
• Positive Sentiment: CyrusOne is considering a potential 2027 IPO, and Goldman Sachs was among the banks pitching for roles. Winning a mandate for a large data-center offering would provide future underwriting and advisory revenue, although no appointment has been announced. Data center operator CyrusOne plans potential 2027 IPO
• Neutral Sentiment: Regulatory filings showed Goldman adjusting or disclosing stakes in Qiagen, Ontex and Metallium. These portfolio-position changes may affect the individual companies but do not appear to materially change Goldman’s earnings outlook. Goldman Sachs Discloses 2.63% Voting Interest in Qiagen
• Negative Sentiment: Brazilian civil police formally accused two Goldman Sachs representatives of fraud in a dispute involving a tender offer for minority shares of cancer-care company Oncoclinicas. The accusations are not a conviction, but the development raises legal, reputational and potential financial-liability concerns for Goldman. Brazilian police accuse Goldman executives of fraud over Oncoclinicas tender offer

The Goldman Sachs Group Trading Down 0.8%

GS stock opened at $1,031.06 on Tuesday. The company's 50-day simple moving average is $1,056.24 and its 200-day simple moving average is $958.46. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 52-week low of $705.55 and a 52-week high of $1,153.99. The firm has a market cap of $300.21 billion, a P/E ratio of 15.91, a PEG ratio of 1.05 and a beta of 1.30.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The Goldman Sachs Group's revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.91 EPS. As a group, equities analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group's previous quarterly dividend of $4.50. The Goldman Sachs Group's dividend payout ratio is currently 27.78%.

Insider Buying and Selling at The Goldman Sachs Group

In other news, CFO Denis P. Coleman sold 6,857 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total transaction of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is currently owned by insiders.

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.

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