Atlantic Union Bankshares Corp Raises Stock Position in Goldman Sachs Group Inc (NYSE:GS)

Atlantic Union Bankshares Corp increased its stake in Goldman Sachs Group Inc (NYSE:GS) by 47.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,350 shares of the investment management company’s stock after purchasing an additional 6,257 shares during the period. Atlantic Union Bankshares Corp’s holdings in Goldman Sachs Group were worth $3,889,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Rosenberg Matthew Hamilton boosted its stake in Goldman Sachs Group by 10.8% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 503 shares of the investment management company’s stock worth $101,000 after purchasing an additional 49 shares in the last quarter. SevenBridge Financial Group LLC grew its holdings in shares of Goldman Sachs Group by 2.0% in the second quarter. SevenBridge Financial Group LLC now owns 2,533 shares of the investment management company’s stock valued at $501,000 after purchasing an additional 50 shares during the period. CKW Financial Group grew its holdings in shares of Goldman Sachs Group by 7.7% in the second quarter. CKW Financial Group now owns 700 shares of the investment management company’s stock valued at $138,000 after purchasing an additional 50 shares during the period. Clarius Group LLC grew its holdings in shares of Goldman Sachs Group by 1.7% in the second quarter. Clarius Group LLC now owns 3,117 shares of the investment management company’s stock valued at $616,000 after purchasing an additional 51 shares during the period. Finally, Rampart Investment Management Company LLC grew its holdings in shares of Goldman Sachs Group by 2.3% in the second quarter. Rampart Investment Management Company LLC now owns 2,407 shares of the investment management company’s stock valued at $476,000 after purchasing an additional 55 shares during the period. Institutional investors own 68.70% of the company’s stock.

Shares of GS traded down $2.39 during mid-day trading on Friday, hitting $206.21. 3,246,646 shares of the company’s stock were exchanged, compared to its average volume of 3,770,474. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 10.94, a P/E/G ratio of 6.54 and a beta of 1.39. Goldman Sachs Group Inc has a fifty-two week low of $130.85 and a fifty-two week high of $250.46. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.76 and a current ratio of 0.76. The stock’s 50-day moving average is $202.41 and its 200-day moving average is $195.54.

Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings results on Tuesday, October 20th. The investment management company reported $9.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $5.57 by $4.11. Goldman Sachs Group had a net margin of 13.40% and a return on equity of 9.07%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $9.40 billion. During the same quarter in the prior year, the company earned $4.79 earnings per share. The business’s quarterly revenue was up 28.6% on a year-over-year basis. As a group, equities research analysts anticipate that Goldman Sachs Group Inc will post 14.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.42%. Goldman Sachs Group’s payout ratio is 23.78%.

GS has been the subject of a number of analyst reports. Morgan Stanley upped their price objective on shares of Goldman Sachs Group from $192.00 to $208.00 and gave the company an “equal weight” rating in a report on Monday, October 5th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $230.00 price objective on shares of Goldman Sachs Group in a report on Thursday, July 16th. Citigroup upped their price objective on shares of Goldman Sachs Group from $285.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Oppenheimer upped their target price on shares of Goldman Sachs Group from $326.00 to $356.00 in a research report on Thursday. Finally, BMO Capital Markets upped their target price on shares of Goldman Sachs Group from $267.00 to $274.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $249.29.

Goldman Sachs Group Profile

The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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Institutional Ownership by Quarter for Goldman Sachs Group (NYSE:GS)

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