Goldman Sachs Loses Stakeholder Amid Hedge Fund Shifts
Amundi, an institutional investor, has reduced its stake in The Goldman Sachs Group by selling 80,648 shares of the investment management company's stock during the second quarter. This decrease brought Amundi's ownership to 1,575,275 shares, representing approximately 0.54% of The Goldman Sachs Group's outstanding shares.
According to the company's most recent filing with the Securities and Exchange Commission, Amundi owned a total of $1,593,186,000 worth of The Goldman Sachs Group's stock as of its last reporting period.
This is not an isolated incident, as other hedge funds have also made significant changes to their positions in The Goldman Sachs Group. For example, California State Teachers Retirement System increased its holdings by 99,745.5% during the second quarter, purchasing a total of 454,903,165 shares worth $460,536,663,000.
Goldman Sachs has been performing well financially, with revenue up 39.4% compared to the same period last year and earnings per share of $20.98, exceeding analysts' estimates by $6.51. The company's stock price has also risen, currently trading at $1,038.01.