Compass Financial Management Takes $3.32 Million Position in Goldman Sachs

Compass Financial Management LLC has acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter. According to its most recent disclosure with the SEC, the firm bought 3,207 shares of the investment management company's stock valued at approximately $3,319,000.

This is not an isolated incident as other institutional investors and hedge funds have also recently modified their holdings of The Goldman Sachs Group. Audent Global Asset Management LLC lifted its holdings in The Goldman Sachs Group by 10.1% during the fourth quarter, while Wealthfront Advisers LLC purchased a new stake in shares of The Goldman Sachs Group during the second quarter worth about $53,720,000.

The Goldman Sachs Group has seen a significant increase in revenue, with the company reporting $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The firm's quarterly earnings results were also higher than expected, beating analysts' consensus estimates by $6.51 per share.