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

Annex Advisory Services LLC lessened its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 16.7% in the 2nd quarter, Holdings Channel reports. The firm owned 10,236 shares of the investment management company’s stock after selling 2,057 shares during the period. Annex Advisory Services LLC’s holdings in The Goldman Sachs Group were worth $10,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group during the 1st quarter worth approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the first quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $29,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting The Goldman Sachs Group

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.

Insider Activity

In related news, CFO Denis P. Coleman sold 6,857 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were 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 owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This represents a 18.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.55% of the company’s stock.

The Goldman Sachs Group Stock Performance

Shares of The Goldman Sachs Group stock opened at $1,032.74 on Wednesday. The business’s 50 day moving average price is $1,055.59 and its 200 day moving average price is $959.02. The company has a market cap of $300.70 billion, a price-to-earnings ratio of 15.94, a PEG ratio of 1.05 and a beta of 1.30. 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, Inc. has a one year low of $705.55 and a one year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS) last issued its earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. During the same period in the prior year, the business earned $10.91 EPS. The firm’s quarterly revenue was up 39.4% on a year-over-year basis. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current year.

The Goldman Sachs Group Increases Dividend

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

Analysts Set New Price Targets

Several research firms recently commented on GS. Daiwa Securities Group increased their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Keefe, Bruyette & Woods lifted their target price on shares of 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. Bank of America increased their target price on shares of The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. UBS Group raised their price target on shares of The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of The Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.

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.