Arete Wealth Advisors Buys Stake in Goldman Sachs Worth $12 Million

Arete Wealth Advisors LLC has bought a new stake in The Goldman Sachs Group Inc. (NYSE:GS), valued at approximately $12,732,000. This is according to its most recent Form 13F filing with the Securities & Exchange Commission. In addition to Arete Wealth Advisors, several other hedge funds have also recently bought and sold shares of GS.

The firm bought 12,588 shares of the investment management company's stock in the second quarter. Brighton Jones LLC raised its position in shares of The Goldman Sachs Group by 17.1% during the fourth quarter, while Revolve Wealth Partners LLC increased its stake in GS by 7.0% during the same period.

The Goldman Sachs Group reported $20.98 EPS for the quarter, topping analysts' consensus estimates of $14.47 by $6.51. The company's revenue for the quarter was up 39.4% compared to the same quarter last year.