StoneX Group Inc. acquires 25,017 shares of Atlantic Union Bankshares Co.

StoneX Group Inc. acquired 25,017 Atlantic Union Bankshares Co. (NASDAQ:AUB) shares during the fourth quarter worth $948,000 according to its most recent SEC Form 13F submission. Hedge funds modified their Atlantic Union Bank holdings throughout the quarter. R Squared Ltd. purchased its initial investment of $28,000 while Nomura Asset Management Co. Ltd. increased its stake by 78.8% through the addition of 410 shares which resulted in ownership of 930 shares valued at $35,000. Smartleaf Asset Management LLC increased its investment in AUB by 186.4% through a 699-share purchase resulting in 1,074 shares worth $41,000. GAMMA Investing LLC raised its investment stake by 27.3% through the purchase of 284 additional shares that brought the total to 1,325 shares valued at $50,000. Venturi Wealth Management LLC made its market entry with a $91,000 investment. The total institutional ownership of AUB stands at 78.58%.

The stock started trading on Wednesday at $30.26 with 50-day and 200-day moving averages at $35.10 and $37.65 respectively. The stock price has moved between its lowest point at $29.89 and its highest point at $44.54 throughout the last 52 weeks. The company maintains a market capitalization of $2.73 billion and possesses a price-to-earnings ratio of 13.22 while its beta value stands at 0.91. The organization maintains a debt-to-equity ratio of 0.13 and its current and quick ratios both stand at 0.91. The quarterly dividend distribution of $0.34 reached investor accounts on February 28th for those who established record status by February 14th while providing a 4.49% annual yield at a 59.39% payout ratio.

Analysts present diverse opinions about the subject. Hovde Group reduced its price target to $40.00 from $46.00 while maintaining its “outperform” recommendation on March 17th. Piper Sandler launched its coverage of the company on January 13th with an “overweight” recommendation and set a $51.00 price target. Keefe, Bruyette & Woods reduced its price target from $46.00 to $44.00 on January 30th while maintaining its “market perform” recommendation. MarketBeat rates AUB as a “Moderate Buy” with a $43.20 consensus target from one hold and four buy recommendations.

As the parent organization of Atlantic Union Bank Atlantic Union Bankshares Corp delivers banking services through two divisions: Wholesale and Consumer Banking which provides checking accounts along with certificates of deposit.