Trust Co. of Vermont Purchases New Holdings in The Goldman Sachs Group, Inc. $GS

Key Points

• Trust Co. of Vermont purchased 1,285 Goldman Sachs shares worth approximately $1.3 million during the second quarter. Institutional investors and hedge funds collectively own 71.21% of the company.
• Goldman Sachs reported strong quarterly results, with earnings per share of $20.98 and revenue of $20.34 billion, substantially exceeding analyst expectations. Revenue increased 39.4% year over year.
• The company raised its quarterly dividend from $4.50 to $5.00 per share, or $20 annually, representing a 2.0% yield; analysts maintain a “Moderate Buy” consensus with an average price target of $1,062.86.

Trust Co. of Vermont purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,285 shares of the investment management company's stock, valued at approximately $1,300,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. acquired a new position in The Goldman Sachs Group in the first quarter valued at about $25,000. Garton & Associates Financial Advisors LLC acquired a new stake in The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC grew its stake in The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company's stock worth $27,000 after buying an additional 23 shares in the last quarter. Steph & Co. bought a new position in The Goldman Sachs Group in the 1st quarter valued at about $27,000. Finally, Lifetime Wealth Management P.C. bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. 71.21% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting The Goldman Sachs Group

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

• Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of income-focused ETFs including the NEOS Nasdaq-100 High Income ETF, for up to $2.25 billion. The transaction would expand Goldman’s ETF and wealth-management capabilities and could add recurring fee revenue, although the premium price raises execution and integration expectations. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund
• Positive Sentiment: Goldman is also buying LCN Capital Partners for up to $410 million. LCN oversees roughly $3 billion, and the deal broadens Goldman’s private real-estate and net-lease platform while supporting more durable, capital-light asset-management revenue. Goldman Sachs to buy LCN Capital Partners in up to $410 million deal
• Positive Sentiment: Goldman forecasts U.S. ETF inflows could exceed $2 trillion in 2026, driven by active, AI, thematic and leveraged products. That outlook supports the strategic rationale for the NEOS acquisition and Goldman’s broader asset-management push. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds
• Neutral Sentiment: Goldman’s research projecting a $1.8 trillion global space economy by 2035 and its positive views on AI-related opportunities reinforce the firm’s market influence, but these forecasts have limited immediate impact on GS earnings. Elon Musk responds to Goldman Sachs' bold space economy prediction
• Negative Sentiment: Reports indicate GS underperformed while the broader market advanced, suggesting investors may be taking profits or remaining cautious about valuation, acquisition costs and financial-sector exposure. Rising oil prices and escalating U.S.-Iran tensions could further pressure markets and increase volatility. Goldman Sachs Stock Sinks As Market Gains

Analysts Set New Price Targets

Several equities research analysts have weighed in on GS shares. Barclays upped their target price on The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. HSBC raised The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 5th. Wall Street Zen downgraded The Goldman Sachs Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 15th. Wells Fargo & Company raised their price objective on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Finally, Zacks Research upgraded The Goldman Sachs Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, The Goldman Sachs Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,062.86.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS opened at $1,002.64 on Friday. 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 52 week low of $712.97 and a 52 week high of $1,153.99. The firm has a market cap of $291.94 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The firm's fifty day moving average is $1,054.38 and its 200-day moving average is $963.86.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last issued 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 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 quarter in the prior year, the firm posted $10.91 earnings per share. The business's quarterly revenue was up 39.4% on a year-over-year basis. Sell-side analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.

The Goldman Sachs Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is a boost from The Goldman Sachs Group's previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group's payout ratio is currently 27.78%.

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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