Atlantic Union Bankshares Corp Reduces Holdings in The Goldman Sachs Group, Inc. (NYSE:GS)

Atlantic Union Bankshares Corp lowered its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,526 shares of the investment management company’s stock after selling 137 shares during the period. Atlantic Union Bankshares Corp’s holdings in The Goldman Sachs Group were worth $5,455,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Naviter Wealth LLC grew its position in shares of The Goldman Sachs Group by 56.3% during the fourth quarter. Naviter Wealth LLC now owns 6,306 shares of the investment management company’s stock worth $3,611,000 after buying an additional 2,271 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $66,000. Larson Financial Group LLC grew its position in shares of The Goldman Sachs Group by 6.0% during the fourth quarter. Larson Financial Group LLC now owns 1,628 shares of the investment management company’s stock worth $932,000 after buying an additional 92 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of The Goldman Sachs Group during the fourth quarter worth approximately $4,596,000. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in The Goldman Sachs Group by 19.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 893 shares of the investment management company’s stock worth $564,000 after purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.

The Goldman Sachs Group Price Performance

Shares of NYSE GS opened at $559.55 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $381.42 and a fifty-two week high of $672.19. The firm’s 50-day simple moving average is $616.96 and its 200 day simple moving average is $565.29. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 2.32. The stock has a market cap of $174.60 billion, a P/E ratio of 13.80, a P/E/G ratio of 0.89 and a beta of 1.37.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping the consensus estimate of $8.21 by $3.74. The Goldman Sachs Group had a net margin of 11.32% and a return on equity of 13.30%. The firm had revenue of $13.87 billion for the quarter, compared to analysts’ expectations of $12.36 billion. During the same period in the previous year, the business earned $5.48 earnings per share. The Goldman Sachs Group’s revenue for the quarter was up 22.5% compared to the same quarter last year. Equities analysts expect that The Goldman Sachs Group, Inc. will post 47.12 EPS for the current 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 $3.00 dividend. This represents a $12.00 annualized dividend and a yield of 2.14%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 29.59%.

Insiders Place Their Bets

In related news, Director Kevin R. Johnson purchased 2,400 shares of the company’s stock in a transaction that occurred on Friday, January 17th. The shares were purchased at an average price of $619.02 per share, with a total value of $1,485,648.00. Following the purchase, the director now owns 2,400 shares of the company’s stock, valued at $1,485,648. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Alex S. Golten sold 5,208 shares of The Goldman Sachs Group stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $636.25, for a total value of $3,313,590.00. Following the completion of the transaction, the insider now directly owns 3,545 shares in the company, valued at $2,255,506.25. This represents a 59.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,925 shares of company stock worth $12,630,683. 0.54% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GS. Hsbc Global Res downgraded shares of The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 26th. Citigroup lifted their price objective on shares of The Goldman Sachs Group from $485.00 to $585.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Morgan Stanley lifted their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Oppenheimer decreased their price objective on shares of The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised their target price on The Goldman Sachs Group from $550.00 to $605.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $591.69.

The Goldman Sachs Group Company 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.