Owen LaRue LLC Sells 2,513 Shares of The Goldman Sachs Group, Inc. $GS

Owen LaRue LLC trimmed its position in The Goldman Sachs Group, Inc. (NYSE:GSFree Report) by 68.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,179 shares of the investment management company’s stock after selling 2,513 shares during the quarter. Owen LaRue LLC’s holdings in The Goldman Sachs Group were worth $939,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in The Goldman Sachs Group during the 3rd quarter worth approximately $26,000. First PREMIER Bank purchased a new position in shares of The Goldman Sachs Group during the 3rd quarter valued at $28,000. Corundum Trust Company INC bought a new position in shares of The Goldman Sachs Group in the third quarter worth $29,000. Dogwood Wealth Management LLC raised its position in shares of The Goldman Sachs Group by 1,800.0% in the second quarter. Dogwood Wealth Management LLC now owns 38 shares of the investment management company’s stock worth $26,000 after buying an additional 36 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its stake in The Goldman Sachs Group by 100.0% during the third quarter. Elevation Wealth Partners LLC now owns 40 shares of the investment management company’s stock valued at $32,000 after buying an additional 20 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Stock Down 3.6%

Shares of NYSE GS opened at $919.82 on Friday. The stock has a market capitalization of $275.88 billion, a P/E ratio of 17.93, a PEG ratio of 1.11 and a beta of 1.33. The Goldman Sachs Group, Inc. has a one year low of $439.38 and a one year high of $984.70. The firm’s 50 day simple moving average is $882.31 and its two-hundred day simple moving average is $801.14. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.13 and a quick ratio of 0.65.

The Goldman Sachs Group (NYSE:GSGet Free Report) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, topping analysts’ consensus estimates of $11.52 by $2.03. The Goldman Sachs Group had a net margin of 13.73% and a return on equity of 15.19%. The firm had revenue of $15.71 billion during the quarter, compared to analyst estimates of $14.30 billion. During the same period in the previous year, the business posted $11.95 EPS. The business’s quarterly revenue was down 3.0% on a year-over-year basis. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be given a dividend of $4.50 per share. The ex-dividend date is Monday, March 2nd. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.00. This represents a $18.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 35.09%.

The Goldman Sachs Group News Roundup

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of The Goldman Sachs Group in a research note on Monday, December 22nd. Evercore ISI restated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Friday, January 16th. Wells Fargo & Company raised their target price on shares of The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. UBS Group boosted their price target on shares of The Goldman Sachs Group from $762.00 to $805.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of The Goldman Sachs Group from $971.00 to $1,000.00 and gave the company a “market perform” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group has an average rating of “Hold” and a consensus target price of $898.00.

Get Our Latest Report on The Goldman Sachs Group

Insider Activity

In other news, Director David A. Viniar sold 45,000 shares of the firm’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $965.33, for a total transaction of $43,439,850.00. Following the transaction, the director directly owned 555,000 shares of the company’s stock, valued at approximately $535,758,150. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 68,186 shares of company stock worth $65,820,670 over the last quarter. 0.55% of the stock is currently owned by company insiders.

The Goldman Sachs Group Profile

(Free Report)

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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Institutional Ownership by Quarter for The Goldman Sachs Group (NYSE:GS)

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