Reliant Investment Management LLC Acquires 74 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Reliant Investment Management LLC lifted its holdings in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 972 shares of the investment management company’s stock after acquiring an additional 74 shares during the quarter. Reliant Investment Management LLC’s holdings in The Goldman Sachs Group were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. bought a new position in The Goldman Sachs Group in the second quarter worth $26,000. West Branch Capital LLC bought a new position in The Goldman Sachs Group in the third quarter worth $30,000. DT Investment Partners LLC raised its holdings in The Goldman Sachs Group by 110.0% in the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock worth $31,000 after purchasing an additional 33 shares in the last quarter. Truvestments Capital LLC bought a new position in The Goldman Sachs Group in the third quarter worth $34,000. Finally, Country Trust Bank bought a new position in The Goldman Sachs Group in the third quarter worth $37,000. Institutional investors own 71.21% of the company’s stock.

Wall Street Analysts Forecast Growth

GS has been the subject of a number of research reports. Hsbc Global Res downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Morgan Stanley increased their target price on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods increased their target price on The Goldman Sachs Group from $686.00 to $690.00 and gave the stock an “outperform” rating in a research note on Thursday, January 16th. JMP Securities increased their target price on The Goldman Sachs Group from $525.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. increased their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average target price of $589.19.

Insider Transactions at The Goldman Sachs Group

In other news, EVP John F.W. Rogers sold 6,416 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $596.36, for a total value of $3,826,245.76. Following the transaction, the executive vice president now owns 57,614 shares of the company’s stock, valued at $34,358,685.04. This trade represents a 10.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total value of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This trade represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 20,940 shares of company stock valued at $12,656,179 over the last quarter. 0.57% of the stock is currently owned by company insiders.

The Goldman Sachs Group Stock Up 2.3 %

GS stock opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a fifty-two week low of $372.07 and a fifty-two week high of $627.00. The business’s 50-day moving average is $587.22 and its two-hundred day moving average is $530.73. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market cap of $196.77 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 0.90 and a beta of 1.38.

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 for the quarter, beating analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company had revenue of $13.87 billion for the quarter, compared to the consensus estimate of $12.36 billion. During the same quarter in the prior year, the company earned $5.48 earnings per share. The Goldman Sachs Group’s revenue was up 22.5% on a year-over-year basis. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 45.32 earnings per share 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. Stockholders of record on Friday, February 28th will be paid a $3.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

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.