New Republic Capital LLC Sells 528 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

New Republic Capital LLC cut its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 36.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 907 shares of the investment management company’s stock after selling 528 shares during the quarter. New Republic Capital LLC’s holdings in The Goldman Sachs Group were worth $519,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Mizuho Securities USA LLC grew its position in shares of The Goldman Sachs Group by 30,068.9% during the 3rd quarter. Mizuho Securities USA LLC now owns 7,500,000 shares of the investment management company’s stock worth $3,713,325,000 after buying an additional 7,475,140 shares during the period. FMR LLC boosted its stake in The Goldman Sachs Group by 21.9% in the third quarter. FMR LLC now owns 2,898,637 shares of the investment management company’s stock valued at $1,435,144,000 after acquiring an additional 521,054 shares during the last quarter. Janus Henderson Group PLC grew its holdings in The Goldman Sachs Group by 154.7% during the 3rd quarter. Janus Henderson Group PLC now owns 414,867 shares of the investment management company’s stock worth $205,403,000 after acquiring an additional 251,972 shares during the period. Congress Asset Management Co. raised its position in shares of The Goldman Sachs Group by 829.0% during the 3rd quarter. Congress Asset Management Co. now owns 260,317 shares of the investment management company’s stock valued at $128,886,000 after acquiring an additional 232,297 shares during the last quarter. Finally, Rheos Capital Works Inc. lifted its stake in shares of The Goldman Sachs Group by 265.4% in the 3rd quarter. Rheos Capital Works Inc. now owns 248,500 shares of the investment management company’s stock valued at $123,035,000 after purchasing an additional 180,500 shares during the period. 71.21% of the stock is owned by institutional investors.

The Goldman Sachs Group Stock Performance

Shares of GS stock opened at $650.24 on Tuesday. The Goldman Sachs Group, Inc. has a 12 month low of $375.20 and a 12 month high of $663.87. The company’s fifty day simple moving average is $600.00 and its 200-day simple moving average is $547.26. The firm has a market cap of $201.87 billion, a PE ratio of 16.04, a P/E/G ratio of 0.91 and a beta of 1.39. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the previous year, the firm posted $5.48 EPS. Equities research analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be paid a $3.00 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 dividend on an annualized basis and a yield of 1.85%. The Goldman Sachs Group’s dividend payout ratio is 29.59%.

Wall Street Analyst Weigh In

Several research firms have weighed in on GS. Bank of America increased their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Hsbc Global Res lowered shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods boosted 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 report on Thursday, January 16th. Barclays increased their target price on shares of The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, JPMorgan Chase & Co. boosted their price target on shares of The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $591.06.

Insiders Place Their Bets

In related news, Treasurer Carey Halio sold 1,545 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $624.67, for a total transaction of $965,115.15. Following the completion of the transaction, the treasurer now owns 8,192 shares in the company, valued at approximately $5,117,296.64. This trade represents a 15.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alex S. Golten sold 5,208 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The shares were sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the sale, the insider now owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,475 shares of company stock valued at $19,692,543 in the last 90 days. 0.54% of the stock is currently owned by insiders.

The Goldman Sachs Group 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.