Centaurus Financial Invests Heavily in Procter & Gamble

Centaurus Financial Inc., a financial services firm, has invested in Procter & Gamble Company (The) NYSE: PG. In the second quarter, Centaurus bought 10,301 shares of PG's stock for approximately $1,510,000.

This is not an isolated instance, as other institutional investors and hedge funds have also made significant changes to their positions in PG over the past few quarters. For example, E Fund Management Hong Kong Co. Ltd. increased its stake by 1000% during the fourth quarter, while Park Square Financial Group LLC grew its position by 65.1%.

Procter & Gamble's revenue for the second quarter was up 1.5% year-over-year, reaching $21.20 billion. The company also reported earnings per share of $1.43, beating the consensus estimate of $1.41.