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

Atlantic Union Bankshares Corp lowered its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) by 5.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,235 shares of the investment management company’s stock after selling 607 shares during the period. Atlantic Union Bankshares Corp’s holdings in The Goldman Sachs Group were worth $4,275,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Register Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the 1st quarter worth about $337,000. Capital Asset Advisory Services LLC grew its holdings in The Goldman Sachs Group by 21.1% in the 1st quarter. Capital Asset Advisory Services LLC now owns 5,698 shares of the investment management company’s stock valued at $2,325,000 after buying an additional 994 shares during the last quarter. Artemis Investment Management LLP increased its position in The Goldman Sachs Group by 75.7% in the 1st quarter. Artemis Investment Management LLP now owns 126,098 shares of the investment management company’s stock worth $52,642,000 after buying an additional 54,338 shares during the period. Powell Investment Advisors LLC lifted its holdings in shares of The Goldman Sachs Group by 0.7% during the first quarter. Powell Investment Advisors LLC now owns 3,838 shares of the investment management company’s stock worth $1,603,000 after buying an additional 25 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in shares of The Goldman Sachs Group in the first quarter valued at approximately $1,357,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on GS shares. HSBC raised their price target on shares of The Goldman Sachs Group from $460.00 to $470.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Evercore ISI boosted their price target on The Goldman Sachs Group from $435.00 to $440.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. BMO Capital Markets raised their price objective on The Goldman Sachs Group from $349.00 to $360.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Citigroup boosted their price objective on The Goldman Sachs Group from $410.00 to $425.00 and gave the company a “neutral” rating in a research report on Tuesday, April 16th. Finally, Morgan Stanley reduced their target price on The Goldman Sachs Group from $486.00 to $475.00 and set an “overweight” rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, The Goldman Sachs Group has a consensus rating of “Moderate Buy” and a consensus price target of $443.78.

The Goldman Sachs Group Trading Up 1.4 %

GS traded up $6.36 during midday trading on Friday, reaching $452.32. 3,822,688 shares of the company were exchanged, compared to its average volume of 2,300,687. The stock has a market capitalization of $145.86 billion, a P/E ratio of 17.66, a PEG ratio of 0.92 and a beta of 1.39. The Goldman Sachs Group, Inc. has a one year low of $289.36 and a one year high of $471.48. The stock’s 50-day simple moving average is $449.86 and its 200 day simple moving average is $410.39. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.74 and a current ratio of 0.74.

The Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Monday, April 15th. The investment management company reported $11.58 earnings per share for the quarter, topping the consensus estimate of $8.54 by $3.04. The Goldman Sachs Group had a net margin of 8.17% and a return on equity of 8.86%. The business had revenue of $14.21 billion for the quarter, compared to analyst estimates of $12.94 billion. During the same quarter last year, the firm earned $8.79 EPS. The Goldman Sachs Group’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, analysts forecast that The Goldman Sachs Group, Inc. will post 36.59 earnings per share for the current fiscal year.

The Goldman Sachs Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Thursday, May 30th were given a $2.75 dividend. This represents a $11.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date was Thursday, May 30th. The Goldman Sachs Group’s dividend payout ratio is currently 42.95%.

Insider Buying and Selling

In other news, Director David A. Viniar sold 5,000 shares of The Goldman Sachs Group stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the transaction, the director now owns 623,425 shares in the company, valued at approximately $269,475,456.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David A. Viniar sold 5,000 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $432.25, for a total transaction of $2,161,250.00. Following the completion of the sale, the director now owns 623,425 shares of the company’s stock, valued at $269,475,456.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Goldman Sachs Group Inc sold 4,000,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $6.34, for a total transaction of $25,360,000.00. Following the completion of the sale, the insider now directly owns 12,981,022 shares in the company, valued at $82,299,679.48. The disclosure for this sale can be found here. 0.54% of the stock is currently owned by company insiders.

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.