The Goldman Sachs Group, Inc. $GS Shares Sold by Annex Advisory Services LLC

Key Points

• Annex Advisory Services cut its Goldman Sachs stake by 16.7% in the second quarter, selling 2,057 shares and retaining 10,236 shares worth approximately $10.35 million. Institutional investors and hedge funds collectively own 71.21% of GS.
• Analysts remain generally bullish, with Goldman receiving a consensus “Moderate Buy” rating and an average price target of $1,062.86. The firm also reported strong quarterly results, including EPS of $20.98 versus the $14.47 estimate and 39.4% year-over-year revenue growth.
• Goldman raised its quarterly dividend to $5.00 per share, or $20 annually, implying a 1.9% yield. Growth opportunities include AI infrastructure financing and strong M&A activity, though the company faces legal exposure in Brazil and risks that AI investment could crowd out other corporate spending.

Annex Advisory Services LLC reduced its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 16.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,236 shares of the investment management company's stock after selling 2,057 shares during the quarter. Annex Advisory Services LLC's holdings in The Goldman Sachs Group were worth $10,352,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Audent Global Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 10.1% in the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company's stock worth $4,604,000 after acquiring an additional 479 shares during the period. Oak Grove Capital LLC acquired a new position in The Goldman Sachs Group during the fourth quarter valued at $1,890,000. Nomura Asset Management Co. Ltd. lifted its position in 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 purchasing an additional 3,653 shares during the period. Global Retirement Partners LLC boosted its holdings in The Goldman Sachs Group by 35.0% in 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 purchasing an additional 3,098 shares during the last quarter. Finally, New Age Alpha Advisors LLC boosted its holdings in The Goldman Sachs Group by 92.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 14,298 shares of the investment management company's stock valued at $12,568,000 after purchasing an additional 6,867 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a "neutral" rating in a research note on Wednesday, July 15th. Dbs Bank raised their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. Wall Street Zen raised The Goldman Sachs Group from a "hold" rating to a "buy" rating in a report on Saturday, July 18th. Zacks Research raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 16th. Finally, HSBC raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of "Moderate Buy" and a consensus target price of $1,062.86.

The Goldman Sachs Group News Summary

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

• Positive Sentiment: Goldman Sachs is partnering with NVIDIA and major investment firms—including BlackRock, Blackstone, Apollo, Brookfield and KKR—to help mobilize more than $500 billion in third-party capital for AI infrastructure. The initiative could create fee opportunities in investment banking, capital markets, asset management and financing, while strengthening Goldman’s position in a rapidly expanding market. Nvidia Taps Blackrock, Goldman Sachs, Blackstone to Mobilize $500B for AI
• Positive Sentiment: Goldman continues to benefit from strong investment-banking momentum. Its leadership in mergers and acquisitions, a record backlog, and rising stock issuance linked to AI spending could support advisory and underwriting revenue. The bank also ranked first among advisers on Middle East and Africa M&A transactions in the first half of 2026. Goldman's M&A Leadership Bodes Well
• Neutral Sentiment: Goldman redeemed all outstanding shares of its 3.65% fixed-rate preferred stock and updated certain incorporation terms. The action is a balance-sheet and capital-structure matter, but no immediate earnings impact was indicated. Goldman Sachs Updates Preferred Stock and Incorporation Terms
• Neutral Sentiment: Analyst commentary describes GS as supported by earnings, cash flow and favorable profitability metrics, but closer to fair value after a roughly 228.6% three-year advance. That suggests solid fundamentals, while also raising the bar for further gains.
• Negative Sentiment: Brazilian police reportedly accused two Goldman representatives of fraud in a dispute involving minority shareholders and a tender offer for cancer-care company Oncoclínicas. The allegations are not a finding of liability, but could create legal, regulatory and reputational exposure. Brazilian police accuse Goldman executives of fraud over Oncoclinicas tender offer
• Negative Sentiment: Goldman warned that accelerating AI investment may crowd out other corporate spending, although it found limited evidence of that effect so far. The warning highlights execution and credit risks surrounding the broader AI financing boom.

The Goldman Sachs Group Trading Down 0.2%

Shares of The Goldman Sachs Group stock opened at $1,032.74 on Wednesday. The firm has a 50-day simple moving average of $1,055.59 and a two-hundred day simple moving average of $959.02. The company has a market cap of $300.70 billion, a P/E ratio of 15.94, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a fifty-two week low of $705.55 and a fifty-two week high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63.

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

The Goldman Sachs Group Increases Dividend

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

Insider Buying and Selling

In other news, CFO Denis P. Coleman sold 6,857 shares of the business's stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the completion of the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. The trade was a 18.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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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