Trust Co. of Vermont Has $653,000 Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Trust Co. of Vermont cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 9.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,141 shares of the investment management company’s stock after selling 113 shares during the quarter. Trust Co. of Vermont’s holdings in The Goldman Sachs Group were worth $653,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Premier Path Wealth Partners LLC increased its position in The Goldman Sachs Group by 4.9% in the 4th quarter. Premier Path Wealth Partners LLC now owns 2,016 shares of the investment management company’s stock valued at $1,154,000 after acquiring an additional 95 shares in the last quarter. Sanibel Captiva Trust Company Inc. grew its stake in shares of The Goldman Sachs Group by 9.0% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 18,431 shares of the investment management company’s stock valued at $10,554,000 after purchasing an additional 1,524 shares during the last quarter. Howard Financial Services LTD. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at approximately $205,000. Integrated Investment Consultants LLC raised its position in The Goldman Sachs Group by 22.7% in the 4th quarter. Integrated Investment Consultants LLC now owns 1,807 shares of the investment management company’s stock worth $1,035,000 after purchasing an additional 334 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its holdings in The Goldman Sachs Group by 3.7% during the 4th quarter. Arkadios Wealth Advisors now owns 5,767 shares of the investment management company’s stock worth $3,302,000 after buying an additional 205 shares in the last quarter. 71.21% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

GS has been the subject of a number of recent research reports. UBS Group restated a “neutral” rating and set a $610.00 target price on shares of The Goldman Sachs Group in a research report on Monday, January 6th. Oppenheimer cut their target price on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Citigroup raised their target price on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, The Goldman Sachs Group currently has a consensus rating of “Moderate Buy” and an average price target of $589.19.

The Goldman Sachs Group Stock Up 2.3 %

Shares of The Goldman Sachs Group stock opened at $626.84 on Friday. The Goldman Sachs Group, Inc. has a 1 year low of $372.07 and a 1 year high of $627.00. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The company has a market capitalization of $196.77 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.38. The business has a 50-day moving average of $587.22 and a two-hundred day moving average of $529.85.

The Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the prior year, the business earned $5.48 EPS. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, February 28th will be given a $3.00 dividend. The ex-dividend date is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.91%. The Goldman Sachs Group’s dividend payout ratio is currently 35.21%.

Insider Buying and Selling

In other news, EVP John F.W. Rogers sold 6,416 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $596.36, for a total value of $3,826,245.76. Following the sale, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. The trade was a 10.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares of the company’s stock, valued at approximately $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 20,940 shares of company stock valued at $12,656,179. Company insiders own 0.57% of the company’s stock.

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.