Curi Capital Purchases New Shares in The Goldman Sachs Group, Inc. (NYSE:GS)
Curi Capital purchased a new stake in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 110 shares of the investment management company’s stock, valued at approximately $29,000.
A number of other hedge funds have also recently made changes to their positions in GS. Joseph P. Lucia & Associates LLC acquired a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $25,000. Danda Trouve Investment Management Inc. bought a new stake in The Goldman Sachs Group in the 4th quarter valued at approximately $26,000. RMR Wealth Builders bought a new stake in shares of The Goldman Sachs Group in the fourth quarter worth $26,000. Annapolis Financial Services LLC acquired a new position in shares of The Goldman Sachs Group during the 4th quarter worth about $27,000. Finally, Tacita Capital Inc bought a new position in The Goldman Sachs Group in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 68.05% of the company’s stock.
Several equities research analysts have issued reports on GS shares. Wells Fargo & Company raised their price target on The Goldman Sachs Group from $335.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, February 24th. JPMorgan Chase & Co. restated a “buy” rating and set a $308.00 price objective on shares of The Goldman Sachs Group in a research note on Wednesday, January 20th. Royal Bank of Canada boosted their target price on shares of The Goldman Sachs Group from $225.00 to $319.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 20th. Piper Sandler raised their price objective on The Goldman Sachs Group from $270.00 to $325.00 and gave the company an “overweight” rating in a research note on Monday, January 11th. Finally, DA Davidson increased their price target on The Goldman Sachs Group from $279.00 to $321.00 and gave the company a “neutral” rating in a research note on Wednesday, January 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $314.64.
The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Monday, January 18th. The investment management company reported $12.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $7.47 by $4.61. The firm had revenue of $11.74 billion for the quarter, compared to analysts’ expectations of $10.07 billion. The Goldman Sachs Group had a return on equity of 11.23% and a net margin of 16.65%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $4.69 earnings per share. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 26.26 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 30th. Investors of record on Tuesday, March 2nd were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, March 1st. This represents a $5.00 annualized dividend and a yield of 1.53%. The Goldman Sachs Group’s payout ratio is 23.78%.
In other The Goldman Sachs Group news, insider Laurence Stein sold 10,748 shares of the firm’s stock in a transaction on Tuesday, February 2nd. The shares were sold at an average price of $277.93, for a total value of $2,987,191.64. Also, EVP John F.W. Rogers sold 10,000 shares of the business’s stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $313.25, for a total transaction of $3,132,500.00. Insiders sold a total of 40,748 shares of company stock worth $12,371,892 over the last ninety days. Insiders own 0.60% of the company’s stock.
The Goldman Sachs Group Company Profile
The Goldman Sachs Group, Inc, a financial institution, provides range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services.
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