Daymark Wealth Partners LLC Has $16.38 Million Stake in The Goldman Sachs Group, Inc. (NYSE:GS)

Daymark Wealth Partners LLC trimmed its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 77.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,978 shares of the investment management company’s stock after selling 104,104 shares during the period. Daymark Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $16,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Equity Partners lifted its stake in shares of The Goldman Sachs Group by 5.0% during the 1st quarter. Golden State Equity Partners now owns 1,684 shares of the investment management company’s stock worth $920,000 after buying an additional 80 shares during the last quarter. Archford Capital Strategies LLC grew its stake in The Goldman Sachs Group by 410.4% in the 1st quarter. Archford Capital Strategies LLC now owns 3,481 shares of the investment management company’s stock valued at $1,902,000 after buying an additional 2,799 shares during the last quarter. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $1,766,238,000. Balboa Wealth Partners grew its stake in The Goldman Sachs Group by 4.9% in the 1st quarter. Balboa Wealth Partners now owns 3,228 shares of the investment management company’s stock valued at $1,763,000 after buying an additional 152 shares during the last quarter. Finally, Berry Wealth Group LP grew its stake in The Goldman Sachs Group by 7.2% in the 1st quarter. Berry Wealth Group LP now owns 682 shares of the investment management company’s stock valued at $373,000 after buying an additional 46 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GS has been the topic of a number of research reports. Citigroup decreased their price target on shares of The Goldman Sachs Group from $585.00 to $550.00 and set a “neutral” rating on the stock in a research note on Monday, March 24th. Oppenheimer lowered shares of The Goldman Sachs Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 19th. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 14th. Daiwa America downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Barclays decreased their price target on shares of The Goldman Sachs Group from $760.00 to $720.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $595.67.

The Goldman Sachs Group Trading Up 2.3%

GS opened at $661.73 on Wednesday. The Goldman Sachs Group, Inc. has a twelve month low of $437.37 and a twelve month high of $672.19. The company has a 50-day simple moving average of $587.73 and a 200 day simple moving average of $585.16. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 2.41. The stock has a market capitalization of $203.05 billion, a price-to-earnings ratio of 15.36, a P/E/G ratio of 0.88 and a beta of 1.32.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings data on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, topping the consensus estimate of $12.57 by $1.55. The Goldman Sachs Group had a net margin of 11.86% and a return on equity of 13.76%. The business had revenue of $15.06 billion during the quarter, compared to analysts’ expectations of $14.99 billion. During the same quarter in the prior year, the business posted $11.58 earnings per share. Analysts predict that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be given a dividend of $3.00 per share. The ex-dividend date is Friday, May 30th. This represents a $12.00 annualized dividend and a yield of 1.81%. The Goldman Sachs Group’s dividend payout ratio is 27.85%.

Insider Transactions at The Goldman Sachs Group

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

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.