Goldman Sachs Group Inc (GS) Shares Sold by Pinebridge Investments L.P.

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

A number of other institutional investors and hedge funds also recently made changes to their positions in GS. Nomura Asset Management Co. Ltd. increased its position in Goldman Sachs Group by 9.2% during the 3rd 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 increased its position in Goldman Sachs Group by 5.9% during the 3rd 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 position in Goldman Sachs Group by 223.8% during the 2nd quarter. Quantbot Technologies LP now owns 39,237 shares of the investment management company’s stock valued at $8,706,000 after purchasing an additional 27,121 shares during the period. Tudor Investment Corp ET AL increased its position in Goldman Sachs Group by 29.9% during the 2nd quarter. Tudor Investment Corp ET AL now owns 20,480 shares of the investment management company’s stock valued at $4,545,000 after purchasing an additional 4,714 shares during the period. Finally, YorkBridge Wealth Partners LLC increased its position in Goldman Sachs Group by 23.8% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 792 shares of the investment management company’s stock valued at $180,000 after purchasing an additional 152 shares during the period. Institutional investors own 73.28% of the company’s stock.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at $262.58 on Thursday. The company has a market cap of $99,050.00, a P/E ratio of 13.16, a P/E/G ratio of 0.92 and a beta of 1.37. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. Goldman Sachs Group Inc has a 12 month low of $209.62 and a 12 month high of $273.79.

Goldman Sachs Group (NYSE:GS) last released its earnings results on Wednesday, January 17th. The investment management company reported $5.68 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business earned $5.08 EPS. analysts anticipate that Goldman Sachs Group Inc will post 21.56 earnings per share 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio (DPR) is presently 15.03%.

In other Goldman Sachs Group news, VP Gregory K. Palm sold 4,620 shares of Goldman Sachs Group stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David M. Solomon sold 12,707 shares of Goldman Sachs Group stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,843 shares of company stock valued at $41,855,427. Company insiders own 2.57% of the company’s stock.

A number of research analysts have commented on GS shares. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 target price on the stock in a research report on Friday, October 20th. Bank of America raised their target price on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Goldman Sachs Group in a research report on Monday, November 20th. Vertical Group raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. Finally, Barclays lifted their price objective on shares of Goldman Sachs Group from $262.00 to $308.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target 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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