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

Reliant Investment Management LLC lifted its stake in The Goldman Sachs Group, Inc. (NYSE:GS) by 8.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 972 shares of the investment management company’s stock after buying an additional 74 shares during the period. Reliant Investment Management LLC’s holdings in The Goldman Sachs Group were worth $557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Waddell & Associates LLC increased its holdings in shares of The Goldman Sachs Group by 2.1% in the third quarter. Waddell & Associates LLC now owns 896 shares of the investment management company’s stock valued at $444,000 after purchasing an additional 18 shares during the last quarter. Wescott Financial Advisory Group LLC increased its holdings in shares of The Goldman Sachs Group by 0.7% in the third quarter. Wescott Financial Advisory Group LLC now owns 2,719 shares of the investment management company’s stock valued at $1,346,000 after purchasing an additional 18 shares during the last quarter. Bank of New Hampshire increased its holdings in shares of The Goldman Sachs Group by 8.0% in the fourth quarter. Bank of New Hampshire now owns 243 shares of the investment management company’s stock valued at $139,000 after purchasing an additional 18 shares during the last quarter. First Pacific Financial increased its holdings in shares of The Goldman Sachs Group by 0.6% in the third quarter. First Pacific Financial now owns 3,167 shares of the investment management company’s stock valued at $1,568,000 after purchasing an additional 20 shares during the last quarter. Finally, Krane Funds Advisors LLC increased its holdings in shares of The Goldman Sachs Group by 1.7% in the third quarter. Krane Funds Advisors LLC now owns 1,177 shares of the investment management company’s stock valued at $583,000 after purchasing an additional 20 shares during the last quarter. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Up 2.3 %

The Goldman Sachs Group stock opened at $626.84 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $372.07 and a 1-year high of $627.00. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a market cap of $196.77 billion, a PE ratio of 15.46, a P/E/G ratio of 0.90 and a beta of 1.38. The stock’s fifty day moving average is $587.22 and its two-hundred day moving average is $530.73.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly 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 analysts’ expectations of $12.36 billion. During the same period last year, the firm earned $5.48 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 22.5% on a year-over-year basis. On average, sell-side analysts expect that The Goldman Sachs Group, Inc. will post 45.32 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 29.59%.

Insider Transactions at The Goldman Sachs Group

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $612.08, for a total transaction of $3,060,400.00. Following the sale, the director now owns 608,425 shares in the company, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,550 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the transaction, the chief executive officer now directly owns 117,883 shares in the company, valued at approximately $72,015,903.53. This represents a 5.26 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,940 shares of company stock worth $12,656,179. Corporate insiders own 0.57% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on GS. Barclays increased their price objective on The Goldman Sachs Group from $713.00 to $760.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Hsbc Global Res lowered The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 26th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Citigroup increased their price objective on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, Morgan Stanley raised their price target on The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average price target of $589.19.

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.