Financial Solutions Advisory Group Acquires New Position in Procter & Gamble

Financial Solutions Advisory Group Inc. has acquired a new position in Procter & Gamble Company (The) $PG, purchasing 7,445 shares worth approximately $1,075,000 during the first quarter.

This purchase is part of a larger trend of institutional investors increasing their holdings in PG. E Fund Management Hong Kong Co. Ltd., for example, increased its stakes by 1,000% in the fourth quarter, purchasing an additional 150 shares to reach a total of 165 shares worth $25,000.

The acquisition comes as Procter & Gamble reported earnings per share (EPS) of $1.43, beating analysts' expectations of $1.41 for the second quarter. The company's quarterly revenue was up 1.5% compared to the same period last year, with a net margin of 18.44%.