Daymark Wealth Partners LLC Purchases 548 Shares of The Goldman Sachs Group, Inc. (NYSE:GS)

Daymark Wealth Partners LLC lifted its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,082 shares of the investment management company’s stock after purchasing an additional 548 shares during the quarter. The Goldman Sachs Group accounts for 2.6% of Daymark Wealth Partners LLC’s portfolio, making the stock its 6th largest position. Daymark Wealth Partners LLC’s holdings in The Goldman Sachs Group were worth $76,778,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Semmax Financial Advisors Inc. bought a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $26,000. West Branch Capital LLC bought a new position in shares of The Goldman Sachs Group during the third quarter valued at $30,000. DT Investment Partners LLC lifted its holdings in shares of The Goldman Sachs Group by 110.0% during the third quarter. DT Investment Partners LLC now owns 63 shares of the investment management company’s stock valued at $31,000 after acquiring an additional 33 shares during the period. Truvestments Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the 3rd quarter valued at $34,000. Finally, Country Trust Bank bought a new stake in shares of The Goldman Sachs Group in the 3rd quarter worth about $37,000. 71.21% of the stock is currently owned by institutional investors and hedge funds.

The Goldman Sachs Group Trading Up 1.4 %

NYSE:GS opened at $634.74 on Wednesday. The stock has a market capitalization of $199.25 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 0.88 and a beta of 1.38. The Goldman Sachs Group, Inc. has a fifty-two week low of $374.24 and a fifty-two week high of $635.43. 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 business’s 50-day simple moving average is $588.56 and its 200-day simple moving average is $533.05.

The Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $5.48 EPS. Sell-side analysts expect that The Goldman Sachs Group, Inc. will post 46.38 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be given a dividend of $3.00 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $12.00 annualized dividend and a yield of 1.89%. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Analysts Set New Price Targets

Several brokerages have recently commented on GS. Citigroup boosted their target price on The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Bank of America raised their target price on The Goldman Sachs Group from $563.00 to $575.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Morgan Stanley upped their target price on shares of 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. Evercore ISI raised their price target on shares of The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, HSBC cut The Goldman Sachs Group from a “buy” rating to a “hold” rating and raised their price target for the company from $569.00 to $608.00 in a report on Tuesday, November 26th. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus price target of $591.06.

Insider Activity

In other The Goldman Sachs Group news, Director Kevin R. Johnson acquired 2,400 shares of the business’s stock in a transaction dated Friday, January 17th. The stock was bought at an average cost of $619.02 per share, with a total value of $1,485,648.00. Following the completion of the transaction, the director now directly owns 2,400 shares in the company, valued at approximately $1,485,648. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Sheara J. Fredman sold 2,974 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the completion of the transaction, the chief accounting officer now owns 8,489 shares in the company, valued at approximately $5,046,795.39. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 20,940 shares of company stock worth $12,656,179 in the last quarter. Corporate insiders own 0.57% of the company’s stock.

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.