Trust Co. of Vermont Has $745,000 Stock Position in The Goldman Sachs Group, Inc. $GS

Trust Co. of Vermont lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 4.7% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,052 shares of the investment management company’s stock after selling 52 shares during the quarter. Trust Co. of Vermont’s holdings in The Goldman Sachs Group were worth $745,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Kingstone Capital Partners Texas LLC lifted its stake in shares of The Goldman Sachs Group by 617,504.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 29,058,291 shares of the investment management company’s stock valued at $20,566,005,000 after purchasing an additional 29,053,586 shares during the period. Northern Trust Corp lifted its stake in shares of The Goldman Sachs Group by 1.2% in the 1st quarter. Northern Trust Corp now owns 3,332,804 shares of the investment management company’s stock valued at $1,820,677,000 after purchasing an additional 40,125 shares during the period. International Assets Investment Management LLC bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at $1,766,238,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of The Goldman Sachs Group by 6.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,084,108 shares of the investment management company’s stock valued at $1,138,527,000 after buying an additional 120,272 shares in the last quarter. Finally, Amundi increased its position in shares of The Goldman Sachs Group by 13.6% in the 1st quarter. Amundi now owns 1,891,260 shares of the investment management company’s stock valued at $967,193,000 after buying an additional 225,993 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $788.44 on Thursday. The stock has a market capitalization of $238.68 billion, a price-to-earnings ratio of 17.37, a PEG ratio of 1.65 and a beta of 1.42. The business has a 50-day moving average of $752.61 and a 200-day moving average of $651.83. The company has a debt-to-equity ratio of 2.57, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a fifty-two week low of $439.38 and a fifty-two week high of $825.25.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, July 16th. The investment management company reported $10.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.82 by $1.09. The firm had revenue of $14.58 billion during the quarter, compared to the consensus estimate of $13.53 billion. The Goldman Sachs Group had a net margin of 12.37% and a return on equity of 14.32%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $8.62 earnings per share. As a group, sell-side analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Friday, August 29th were paid a $4.00 dividend. This represents a $16.00 dividend on an annualized basis and a yield of 2.0%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $3.00. The ex-dividend date of this dividend was Friday, August 29th. The Goldman Sachs Group’s payout ratio is 35.26%.

Insider Activity at The Goldman Sachs Group

In related news, COO John E. Waldron sold 9,000 shares of the business’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $750.51, for a total value of $6,754,590.00. Following the transaction, the chief operating officer owned 106,268 shares in the company, valued at $79,755,196.68. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John F.W. Rogers sold 6,008 shares of the business’s stock in a transaction on Wednesday, July 23rd. The shares were sold at an average price of $717.39, for a total transaction of $4,310,079.12. Following the completion of the transaction, the executive vice president owned 65,761 shares in the company, valued at approximately $47,176,283.79. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,323 shares of company stock worth $28,111,828. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

GS has been the subject of a number of recent analyst reports. Citigroup upped their price objective on shares of The Goldman Sachs Group from $550.00 to $700.00 and gave the company a “neutral” rating in a research report on Monday, July 21st. Wall Street Zen upgraded shares of The Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Saturday, July 12th. Evercore ISI upped their price objective on shares of The Goldman Sachs Group from $752.00 to $830.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank Of Canada upped their price objective on shares of The Goldman Sachs Group from $750.00 to $843.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, JMP Securities restated a “market perform” rating and issued a $600.00 price objective on shares of The Goldman Sachs Group in a research report on Monday, July 14th. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $709.13.

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.