Leavell Investment Management Inc. Grows Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Leavell Investment Management Inc. raised its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 47.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 4,647 shares of the investment management company's stock after purchasing an additional 1,501 shares during the quarter. Leavell Investment Management Inc.'s holdings in The Goldman Sachs Group were worth $2,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Curio Wealth LLC purchased a new stake in The Goldman Sachs Group in the fourth quarter worth $30,000. Mascagni Wealth Management Inc. purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. American Capital Advisory LLC purchased a new stake in shares of The Goldman Sachs Group in the first quarter worth $29,000. Transce3nd LLC purchased a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $31,000. Finally, Godsey & Gibb Inc. grew its stake in shares of The Goldman Sachs Group by 170.0% in the first quarter. Godsey & Gibb Inc. now owns 54 shares of the investment management company's stock worth $30,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 71.21% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on GS. Daiwa America cut The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Oppenheimer downgraded The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their price target on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating on the stock in a report on Thursday, April 3rd. Daiwa Capital Markets downgraded The Goldman Sachs Group from an "outperform" rating to a "neutral" rating and set a $560.00 price target on the stock. in a report on Friday, April 4th. Finally, Citigroup lowered their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $614.00.

The Goldman Sachs Group Price Performance

Shares of NYSE:GS traded down $5.01 during trading on Friday, hitting $704.11. 1,681,679 shares of the company's stock were exchanged, compared to its average volume of 2,388,916. The company has a debt-to-equity ratio of 2.41, a current ratio of 0.68 and a quick ratio of 0.68. The Goldman Sachs Group, Inc. has a 52-week low of $437.37 and a 52-week high of $726.00. The business's 50-day simple moving average is $632.13 and its 200 day simple moving average is $596.59. The company has a market cap of $216.05 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 0.96 and a beta of 1.35.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last released its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a return on equity of 13.76% and a net margin of 11.86%. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. During the same quarter last year, the business posted $11.58 earnings per share. As a group, equities analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, May 30th were given a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a dividend yield of 1.70%. The ex-dividend date was Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is currently 27.85%.

Insider Activity

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the completion of the transaction, the director owned 3,904 shares of the company's stock, valued at $1,997,598.72. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.55% of the company's stock.

About The Goldman Sachs Group

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.