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

Daymark Wealth Partners LLC cut its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS - Free Report) by 77.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of GS. Curio Wealth LLC acquired a new stake in The Goldman Sachs Group during the 4th quarter worth about $30,000. Godsey & Gibb Inc. increased its position 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 in the last quarter. Transce3nd LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Mascagni Wealth Management Inc. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $31,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $34,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Oppenheimer cut shares of The Goldman Sachs Group from an "outperform" rating to a "market perform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. reduced their target price on The Goldman Sachs Group from $625.00 to $614.00 and set an "overweight" rating for the company in a report on Thursday, April 3rd. Morgan Stanley lifted their price target on The Goldman Sachs Group from $570.00 to $592.00 and gave the company an "equal weight" rating in a report on Monday. Citigroup dropped their price target on The Goldman Sachs Group from $585.00 to $550.00 and set a "neutral" rating on the stock in a research report on Monday, March 24th. Finally, Daiwa America lowered The Goldman Sachs Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $595.67.

Insider Activity at The Goldman Sachs Group

In other news, Director John B. Hess bought 3,904 shares of the company's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average price of $511.68 per share, for a total transaction of $1,997,598.72. Following the acquisition, the director now directly owns 3,904 shares of the company's stock, valued at $1,997,598.72. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.55% of the stock is owned by company insiders.

The Goldman Sachs Group Stock Up 2.8%

Shares of GS stock traded up $18.47 on Thursday, hitting $688.34. The company's stock had a trading volume of 2,848,497 shares, compared to its average volume of 2,378,521. The stock has a market capitalization of $211.21 billion, a price-to-earnings ratio of 15.97, a P/E/G ratio of 0.90 and a beta of 1.32. The Goldman Sachs Group, Inc. has a fifty-two week low of $437.37 and a fifty-two week high of $690.13. The firm's fifty day moving average price is $591.14 and its 200-day moving average price is $585.75. 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 (NYSE:GS - Get Free Report) last posted its earnings results on Monday, April 14th. The investment management company reported $14.12 earnings per share for the quarter, beating 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 company had revenue of $15.06 billion for the quarter, compared to analyst estimates of $14.99 billion. During the same period last year, the company earned $11.58 earnings per share. Research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, May 30th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group's dividend payout ratio is 27.85%.

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.