Curio Wealth LLC Makes New $30,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Curio Wealth LLC purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52 shares of the investment management company’s stock, valued at approximately $30,000.

A number of other large investors have also bought and sold shares of GS. Asset Management One Co. Ltd. grew its position in shares of The Goldman Sachs Group by 2.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 224,148 shares of the investment management company’s stock worth $129,144,000 after buying an additional 5,541 shares during the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of The Goldman Sachs Group by 8.1% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 38,304 shares of the investment management company’s stock worth $21,934,000 after buying an additional 2,863 shares during the last quarter. Erste Asset Management GmbH grew its position in shares of The Goldman Sachs Group by 5.9% in the 4th quarter. Erste Asset Management GmbH now owns 5,743 shares of the investment management company’s stock worth $3,309,000 after buying an additional 320 shares during the last quarter. Atlas Legacy Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $356,000. Finally, Park Edge Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the 4th quarter worth approximately $703,000. 71.21% of the stock is owned by hedge funds and other institutional investors.

The Goldman Sachs Group Stock Up 1.9 %

GS stock opened at $551.60 on Tuesday. The Goldman Sachs Group, Inc. has a 1-year low of $383.41 and a 1-year high of $672.19. The business has a fifty day moving average price of $612.14 and a 200-day moving average price of $567.52. 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 stock has a market capitalization of $172.12 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last posted its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 earnings per share for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 13.30% and a net margin of 11.32%. The firm had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $12.36 billion. During the same quarter in the previous year, the business earned $5.48 earnings per share. The company’s revenue was up 22.5% on a year-over-year basis. Equities analysts forecast that The Goldman Sachs Group, Inc. will post 47.12 earnings per share 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, March 28th. Investors of record on Friday, February 28th will be given a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insider Activity at The Goldman Sachs Group

In other news, Treasurer Carey Halio sold 3,640 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $636.74, for a total value of $2,317,733.60. Following the transaction, the treasurer now owns 4,552 shares of the company’s stock, valued at $2,898,440.48. This trade represents a 44.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 7,498 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $634.69, for a total value of $4,758,905.62. Following the completion of the transaction, the insider now directly owns 9,589 shares in the company, valued at $6,086,042.41. This trade represents a 43.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on GS. UBS Group lifted their price objective on The Goldman Sachs Group from $610.00 to $640.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Wells Fargo & Company restated an “overweight” rating on shares of The Goldman Sachs Group in a research report on Friday, February 28th. Keefe, Bruyette & Woods lowered The Goldman Sachs Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $690.00 to $660.00 in a research report on Thursday, February 27th. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price target for the company from $569.00 to $608.00 in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. lifted their price target on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $594.27.

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.