The Goldman Sachs Group, Inc. (NYSE:GS) Shares Bought by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC boosted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 0.6% in the first quarter, Holdings Channel reports. The fund owned 134,921 shares of the investment management company’s stock after purchasing an additional 839 shares during the period. The Goldman Sachs Group accounts for about 2.5% of Daymark Wealth Partners LLC’s portfolio, making the stock its 7th biggest position. Daymark Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $73,706,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. GAMMA Investing LLC increased its stake in The Goldman Sachs Group by 63,864.7% in the 1st quarter. GAMMA Investing LLC now owns 3,976,684 shares of the investment management company’s stock valued at $2,172,423,000 after purchasing an additional 3,970,467 shares in the last quarter. Norges Bank purchased a new position in The Goldman Sachs Group during the fourth quarter worth $1,603,315,000. Castlekeep Investment Advisors LLC purchased a new position in The Goldman Sachs Group during the fourth quarter worth $944,334,000. Raymond James Financial Inc. purchased a new position in The Goldman Sachs Group during the fourth quarter worth $624,844,000. Finally, Proficio Capital Partners LLC increased its position in The Goldman Sachs Group by 14,007.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,059,716 shares of the investment management company’s stock worth $606,815,000 after buying an additional 1,052,204 shares in the last quarter. 71.21% of the stock is owned by institutional investors and hedge funds.

The Goldman Sachs Group Price Performance

Shares of The Goldman Sachs Group stock opened at $614.49 on Monday. The business’s fifty day moving average price is $555.71 and its 200 day moving average price is $582.73. The stock has a market capitalization of $188.55 billion, a P/E ratio of 15.15, a PEG ratio of 0.89 and a beta of 1.32. 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 current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 2.32.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data 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 company had revenue of $15.06 billion for 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 firm posted $11.58 earnings per share. As a group, research analysts anticipate that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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. Shareholders of record on Friday, May 30th will be paid a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, May 30th. The Goldman Sachs Group’s dividend payout ratio is presently 27.85%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley set a $558.00 price target on The Goldman Sachs Group and gave the stock an “equal weight” rating in a research report on Monday, April 7th. Daiwa America downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. JMP Securities dropped their price target on The Goldman Sachs Group from $625.00 to $600.00 and set a “market outperform” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada dropped their price target on The Goldman Sachs Group from $610.00 to $560.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 15th. Finally, Keefe, Bruyette & Woods cut The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $690.00 to $660.00 in a report on Thursday, February 27th. Thirteen investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and a consensus target price of $593.40.

Insiders Place Their Bets

In other The Goldman Sachs Group news, Director John B. Hess bought 3,904 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were acquired at an average cost of $511.68 per share, with a total value of $1,997,598.72. Following the completion of the transaction, the director now owns 3,904 shares in the company, valued at $1,997,598.72. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

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.