Empowered Funds LLC Makes Significant Investment in The Goldman Sachs Group Inc.
A major financial institution has recently invested heavily in The Goldman Sachs Group Inc. (GS). Empowered Funds LLC, a well-established investment firm, purchased a significant number of shares of GS stock valued at approximately $86.74 million in the second quarter.
This substantial investment makes GS one of the largest holdings in Empowered Funds LLC's portfolio, accounting for around 0.5% of its total assets.
The Goldman Sachs Group Inc., a global investment banking and financial services firm, has been performing exceptionally well in recent quarters. In July, the company reported quarterly earnings per share (EPS) of $20.98, surpassing analysts' expectations by $6.51. Revenue also rose significantly by 39.4% year-over-year to $20.34 billion.