Lyell Wealth Management LP Acquires New Position in The Goldman Sachs Group, Inc. (NYSE:GS)

Lyell Wealth Management LP acquired a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 541 shares of the investment management company’s stock, valued at approximately $209,000.

A number of other institutional investors have also modified their holdings of the business. Morgan Stanley grew its position in shares of The Goldman Sachs Group by 7.8% during the 3rd quarter. Morgan Stanley now owns 5,693,331 shares of the investment management company’s stock valued at $1,842,192,000 after buying an additional 412,383 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in The Goldman Sachs Group by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,139,767 shares of the investment management company’s stock valued at $1,339,505,000 after purchasing an additional 41,488 shares during the period. Northern Trust Corp boosted its stake in The Goldman Sachs Group by 3.2% during the 3rd quarter. Northern Trust Corp now owns 3,339,851 shares of the investment management company’s stock valued at $1,080,676,000 after purchasing an additional 104,424 shares during the period. Invesco Ltd. boosted its stake in The Goldman Sachs Group by 6.1% during the 3rd quarter. Invesco Ltd. now owns 2,792,239 shares of the investment management company’s stock valued at $903,485,000 after purchasing an additional 159,512 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in The Goldman Sachs Group by 1.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,848,113 shares of the investment management company’s stock valued at $597,994,000 after purchasing an additional 19,920 shares during the period. Institutional investors own 71.21% of the company’s stock.

Insider Activity

In other news, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the transaction, the chief financial officer now owns 29,417 shares in the company, valued at approximately $11,602,947.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Treasurer Philip R. Berlinski sold 11,650 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $390.64, for a total transaction of $4,550,956.00. Following the transaction, the treasurer now owns 18,408 shares in the company, valued at approximately $7,190,901.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Denis P. Coleman sold 12,680 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $394.43, for a total transaction of $5,001,372.40. Following the completion of the transaction, the chief financial officer now owns 29,417 shares in the company, valued at $11,602,947.31. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

The Goldman Sachs Group Price Performance

NYSE:GS traded down $3.15 during trading hours on Thursday, reaching $419.89. 1,340,309 shares of the company’s stock were exchanged, compared to its average volume of 2,377,080. The company has a quick ratio of 0.76, a current ratio of 1.12 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $136.27 billion, a P/E ratio of 16.30, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The Goldman Sachs Group, Inc. has a 12 month low of $289.36 and a 12 month high of $425.35. The business’s 50-day simple moving average is $398.72 and its two-hundred day simple moving average is $368.96.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Monday, April 15th. The investment management company reported $11.58 EPS for the quarter, beating the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.65%. The business had revenue of $14.21 billion during the quarter, compared to the consensus estimate of $12.94 billion. During the same quarter in the prior year, the firm earned $8.79 EPS. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 35.39 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Thursday, May 30th will be given a $2.75 dividend. The ex-dividend date is Thursday, May 30th. This represents a $11.00 dividend on an annualized basis and a yield of 2.62%. The Goldman Sachs Group’s payout ratio is 42.95%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GS shares. Bank of America boosted their target price on shares of The Goldman Sachs Group from $450.00 to $478.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Edward Jones started coverage on shares of The Goldman Sachs Group in a research note on Tuesday, February 27th. They set a “buy” rating for the company. Daiwa Capital Markets raised shares of The Goldman Sachs Group from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $410.00 to $430.00 in a research note on Thursday, March 14th. HSBC upped their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price target on shares of The Goldman Sachs Group from $390.00 to $405.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 16th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Moderate Buy” and a consensus price target of $434.93.

The Goldman Sachs Group Company 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.