Pinebridge Investments L.P. Has $21.05 Million Stake in Goldman Sachs Group Inc (GS)

Pinebridge Investments L.P. lessened its position in Goldman Sachs Group Inc (NYSE:GS) by 57.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 82,616 shares of the investment management company’s stock after selling 111,933 shares during the period. Pinebridge Investments L.P.’s holdings in Goldman Sachs Group were worth $21,047,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. lifted its position in Goldman Sachs Group by 9.2% during the third quarter. Nomura Asset Management Co. Ltd. now owns 91,950 shares of the investment management company’s stock valued at $21,810,000 after purchasing an additional 7,736 shares during the period. Commonwealth Bank of Australia lifted its position in Goldman Sachs Group by 5.9% during the third quarter. Commonwealth Bank of Australia now owns 79,023 shares of the investment management company’s stock valued at $18,738,000 after purchasing an additional 4,390 shares during the period. Quantbot Technologies LP increased its holdings in Goldman Sachs Group by 223.8% during the second quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after buying an additional 27,121 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in Goldman Sachs Group by 29.9% during the second quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after buying an additional 4,714 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC increased its holdings in Goldman Sachs Group by 23.8% during the second quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after buying an additional 152 shares during the last quarter. Hedge funds and other institutional investors own 73.28% of the company’s stock.

In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $237.94, for a total transaction of $3,023,503.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Gregory K. Palm sold 4,620 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total transaction of $1,104,133.80. The disclosure for this sale can be found here. Insiders have sold 167,843 shares of company stock valued at $41,855,427 in the last quarter. 2.57% of the stock is owned by company insiders.

Goldman Sachs Group Inc (NYSE GS) opened at $262.58 on Thursday. The firm has a market cap of $99,050.00, a price-to-earnings ratio of 13.16, a P/E/G ratio of 0.92 and a beta of 1.37. Goldman Sachs Group Inc has a 52 week low of $209.62 and a 52 week high of $273.79. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.90 and a current ratio of 0.90.

Goldman Sachs Group (NYSE:GS) last posted its earnings results on Wednesday, January 17th. The investment management company reported $5.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.90 by $0.78. The company had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.64 billion. Goldman Sachs Group had a net margin of 13.36% and a return on equity of 11.47%. Goldman Sachs Group’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the company posted $5.08 earnings per share. equities analysts predict that Goldman Sachs Group Inc will post 21.56 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $3.00 annualized dividend and a yield of 1.14%. Goldman Sachs Group’s payout ratio is 15.03%.

GS has been the subject of a number of research reports. Instinet reaffirmed an “outperform” rating and set a $225.00 target price (down from $238.00) on shares of Goldman Sachs Group in a report on Thursday, January 4th. Zacks Investment Research cut shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. Vining Sparks reaffirmed a “hold” rating and set a $270.00 target price on shares of Goldman Sachs Group in a report on Monday, January 8th. Barclays upped their target price on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Finally, Societe Generale set a $198.00 target price on shares of Goldman Sachs Group and gave the company a “sell” rating in a report on Thursday, October 19th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $256.75.

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About Goldman Sachs Group

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. The Company operates in four business segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management.

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

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