Reliant Investment Management LLC Buys 8,231 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Reliant Investment Management LLC boosted its stake in The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 846.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,203 shares of the investment management company's stock after purchasing an additional 8,231 shares during the period. The Goldman Sachs Group comprises 2.6% of Reliant Investment Management LLC's investment portfolio, making the stock its 23rd largest position. Reliant Investment Management LLC's holdings in The Goldman Sachs Group were worth $5,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ledyard National Bank boosted its holdings in The Goldman Sachs Group by 3.4% in the 4th quarter. Ledyard National Bank now owns 486 shares of the investment management company's stock worth $278,000 after buying an additional 16 shares during the period. Seelaus Asset Management LLC raised its holdings in The Goldman Sachs Group by 2.5% during the fourth quarter. Seelaus Asset Management LLC now owns 660 shares of the investment management company's stock valued at $378,000 after acquiring an additional 16 shares during the period. Pointe Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 1.0% in the fourth quarter. Pointe Capital Management LLC now owns 1,660 shares of the investment management company's stock valued at $951,000 after acquiring an additional 16 shares in the last quarter. Blackston Financial Advisory Group LLC lifted its position in shares of The Goldman Sachs Group by 2.1% in the fourth quarter. Blackston Financial Advisory Group LLC now owns 831 shares of the investment management company's stock valued at $476,000 after acquiring an additional 17 shares in the last quarter. Finally, Morris Financial Concepts Inc. boosted its stake in shares of The Goldman Sachs Group by 3.5% in the fourth quarter. Morris Financial Concepts Inc. now owns 536 shares of the investment management company's stock worth $307,000 after acquiring an additional 18 shares during the period. Institutional investors own 71.21% of the company's stock.

Insider Buying and Selling at The Goldman Sachs Group

In other news, Director John B. Hess acquired 3,904 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was acquired at an average price of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the purchase, the director now directly owns 3,904 shares in the company, valued at approximately $1,997,598.72. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.55% of the company's stock.

The Goldman Sachs Group Trading Up 1.4%

GS opened at $614.49 on Friday. The stock has a 50-day moving average of $555.71 and a 200 day moving average of $582.82. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32. The Goldman Sachs Group, Inc. has a 12 month low of $437.37 and a 12 month high of $672.19. The firm has a market cap of $188.55 billion, a P/E ratio of 15.15, a P/E/G ratio of 0.89 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS - Get Free Report) last announced its earnings results on Monday, April 14th. The investment management company reported $14.12 EPS for the quarter, topping analysts' consensus estimates of $12.57 by $1.55. The firm had revenue of $15.06 billion during the quarter, compared to analysts' expectations of $14.99 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. During the same quarter in the previous year, the business earned $11.58 EPS. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Friday, May 30th. The Goldman Sachs Group's payout ratio is 27.85%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on The Goldman Sachs Group from $610.00 to $560.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company cut their price objective on shares of The Goldman Sachs Group from $680.00 to $650.00 and set an "overweight" rating for the company in a report on Tuesday, April 15th. JMP Securities lowered their target price on shares of The Goldman Sachs Group from $625.00 to $600.00 and set a "market outperform" rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their target price on shares of The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a research report on Thursday, April 3rd. Finally, Morgan Stanley set a $558.00 target price on shares of The Goldman Sachs Group and gave the company an "equal weight" rating in a research note on Monday, April 7th. Thirteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $593.40.

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.

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