Penserra Capital Management LLC Grows Position in Goldman Sachs Group Inc (GS)

Penserra Capital Management LLC lifted its holdings in Goldman Sachs Group Inc (NYSE:GS) by 12.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,645 shares of the investment management company’s stock after acquiring an additional 289 shares during the period. Penserra Capital Management LLC’s holdings in Goldman Sachs Group were worth $673,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in GS. Janus Henderson Group PLC grew its stake in shares of Goldman Sachs Group by 4,096.0% in the second quarter. Janus Henderson Group PLC now owns 2,475,978 shares of the investment management company’s stock valued at $549,415,000 after acquiring an additional 2,416,970 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Goldman Sachs Group by 47.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,602,847 shares of the investment management company’s stock worth $799,472,000 after purchasing an additional 1,152,869 shares during the period. Balyasny Asset Management LLC lifted its position in Goldman Sachs Group by 1,654.0% during the second quarter. Balyasny Asset Management LLC now owns 1,034,680 shares of the investment management company’s stock worth $229,595,000 after purchasing an additional 975,690 shares during the period. Jennison Associates LLC lifted its position in Goldman Sachs Group by 15.1% during the fourth quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock worth $1,410,965,000 after purchasing an additional 727,698 shares during the period. Finally, Capital World Investors lifted its position in Goldman Sachs Group by 10.5% during the second quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock worth $1,697,442,000 after purchasing an additional 726,582 shares during the period. Institutional investors and hedge funds own 73.28% of the company’s stock.

In other news, insider David M. Solomon sold 21,252 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $271.65, for a total value of $5,773,105.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider R. Martin Chavez sold 11,829 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $259.22, for a total value of $3,066,313.38. The disclosure for this sale can be found here. Insiders sold 167,843 shares of company stock valued at $41,855,427 in the last three months. Company insiders own 2.57% of the company’s stock.

Goldman Sachs Group Inc (NYSE GS) opened at $255.53 on Wednesday. The company has a market cap of $95,492.34, a PE ratio of 12.79, a PEG ratio of 0.91 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 2.82. Goldman Sachs Group Inc has a fifty-two week low of $209.62 and a fifty-two week high of $273.79.

Goldman Sachs Group (NYSE:GS) last posted 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 firm 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%. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $5.08 earnings per share. equities research analysts forecast 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. Stockholders of record on Thursday, March 1st will be issued a $0.75 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. Goldman Sachs Group’s dividend payout ratio (DPR) is currently 34.84%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $271.00 price objective for the company in a research report on Friday, October 20th. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Bank of America upped their price objective on shares of Goldman Sachs Group from $290.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, December 7th. Vetr cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating and set a $246.36 price objective for the company. in a research report on Wednesday. Finally, Buckingham Research reaffirmed a “neutral” rating and set a $250.00 price objective (up previously from $243.00) on shares of Goldman Sachs Group in a research report on Wednesday, October 18th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $256.75.

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Goldman Sachs Group Company Profile

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.

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

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