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

Atlantic Union Bankshares Corp reduced its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,663 shares of the investment management company’s stock after selling 184 shares during the period. Atlantic Union Bankshares Corp’s holdings in The Goldman Sachs Group were worth $4,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Icon Wealth Advisors LLC raised its position in The Goldman Sachs Group by 35.8% during the third quarter. Icon Wealth Advisors LLC now owns 482 shares of the investment management company’s stock worth $239,000 after acquiring an additional 127 shares during the period. Suvretta Capital Management LLC raised its position in The Goldman Sachs Group by 38.9% during the third quarter. Suvretta Capital Management LLC now owns 108,308 shares of the investment management company’s stock worth $53,624,000 after acquiring an additional 30,360 shares during the period. Hantz Financial Services Inc. raised its position in The Goldman Sachs Group by 1,240.2% during the third quarter. Hantz Financial Services Inc. now owns 4,771 shares of the investment management company’s stock worth $2,362,000 after acquiring an additional 4,415 shares during the period. Vinva Investment Management Ltd raised its position in The Goldman Sachs Group by 12.3% during the third quarter. Vinva Investment Management Ltd now owns 14,902 shares of the investment management company’s stock worth $7,429,000 after acquiring an additional 1,636 shares during the period. Finally, Financial Counselors Inc. raised its position in The Goldman Sachs Group by 1.1% during the third quarter. Financial Counselors Inc. now owns 2,485 shares of the investment management company’s stock worth $1,230,000 after acquiring an additional 27 shares during the period. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer upped their price objective on shares of The Goldman Sachs Group from $614.00 to $661.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 5th. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $560.00 to $570.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays upped their target price on shares of The Goldman Sachs Group from $565.00 to $588.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Wolfe Research raised shares of The Goldman Sachs Group to a “hold” rating in a report on Wednesday, September 18th. Finally, Keefe, Bruyette & Woods upped their target price on shares of The Goldman Sachs Group from $555.00 to $570.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $550.63.

Insiders Place Their Bets

In other news, insider Brian J. Lee sold 2,000 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $530.90, for a total transaction of $1,061,800.00. Following the sale, the insider now owns 10,095 shares of the company’s stock, valued at approximately $5,359,435.50. This represents a 16.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Sheara J. Fredman sold 2,974 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $594.51, for a total transaction of $1,768,072.74. Following the sale, the chief accounting officer now directly owns 8,489 shares in the company, valued at $5,046,795.39. This represents a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,390 shares of company stock valued at $6,656,119 over the last 90 days. 0.54% of the stock is owned by company insiders.

The Goldman Sachs Group Trading Down 0.0 %

Shares of GS stock opened at $605.43 on Friday. 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 firm has a market cap of $190.05 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 0.88 and a beta of 1.35. The company has a 50-day moving average of $538.72 and a two-hundred day moving average of $498.08. The Goldman Sachs Group, Inc. has a 1-year low of $334.87 and a 1-year high of $612.25.

The Goldman Sachs Group (NYSE:GS) last announced its earnings results on Tuesday, October 15th. The investment management company reported $8.40 earnings per share for the quarter, topping the consensus estimate of $6.89 by $1.51. The company had revenue of $12.70 billion during the quarter, compared to analyst estimates of $11.77 billion. The Goldman Sachs Group had a net margin of 9.89% and a return on equity of 11.39%. The Goldman Sachs Group’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.47 earnings per share. On average, analysts predict that The Goldman Sachs Group, Inc. will post 37.15 EPS for the current year.

The Goldman Sachs Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be paid a dividend of $3.00 per share. This represents a $12.00 annualized dividend and a yield of 1.98%. The ex-dividend date is Monday, December 2nd. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 35.21%.

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.