Penserra Capital Management LLC Purchases 289 Shares of Goldman Sachs Group Inc (GS)

Penserra Capital Management LLC increased its position in Goldman Sachs Group Inc (NYSE:GS) by 12.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,645 shares of the investment management company’s stock after acquiring an additional 289 shares during the quarter. Penserra Capital Management LLC’s holdings in Goldman Sachs Group were worth $673,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Goldman Sachs Group by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 24,072,777 shares of the investment management company’s stock valued at $5,341,749,000 after purchasing an additional 304,400 shares during the period. Capital World Investors increased its position in Goldman Sachs Group by 10.5% during the 2nd quarter. Capital World Investors now owns 7,649,583 shares of the investment management company’s stock valued at $1,697,442,000 after purchasing an additional 726,582 shares during the period. Capital Research Global Investors increased its position in Goldman Sachs Group by 4.0% during the 2nd quarter. Capital Research Global Investors now owns 6,918,409 shares of the investment management company’s stock valued at $1,535,195,000 after purchasing an additional 265,784 shares during the period. Jennison Associates LLC increased its position in Goldman Sachs Group by 15.1% during the 4th quarter. Jennison Associates LLC now owns 5,538,407 shares of the investment management company’s stock valued at $1,410,965,000 after purchasing an additional 727,698 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Goldman Sachs Group by 10.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,618,896 shares of the investment management company’s stock valued at $858,366,000 after purchasing an additional 356,956 shares during the period. 73.28% of the stock is owned by institutional investors.

Goldman Sachs Group Inc (NYSE:GS) opened at $255.53 on Wednesday. Goldman Sachs Group Inc has a twelve month low of $209.62 and a twelve month high of $273.79. The company has a debt-to-equity ratio of 2.82, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $95,492.34, a price-to-earnings ratio of 12.79, a P/E/G ratio of 0.91 and a beta of 1.37.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 28th. Goldman Sachs Group’s dividend payout ratio is currently 34.84%.

In other Goldman Sachs Group news, insider David M. Solomon sold 12,707 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was sold at an average price of $237.94, for a total transaction of $3,023,503.58. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Vice Chairman Richard J. Gnodde sold 5,718 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $238.99, for a total value of $1,366,544.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 167,843 shares of company stock worth $41,855,427. 2.57% of the stock is owned by company insiders.

GS has been the subject of a number of recent analyst reports. Vertical Group raised shares of Goldman Sachs Group from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $295.00 price objective (up previously from $265.00) on shares of Goldman Sachs Group in a research report on Wednesday, December 20th. Bank of America raised 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. Barclays raised 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. Finally, Zacks Investment Research raised shares of Goldman Sachs Group from a “hold” rating to a “buy” rating and set a $291.00 price objective for the company in a research report on Tuesday, December 19th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus 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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