Goldman Sachs Sees Institutional Investment Boost Amid Strong Quarterly Results

Public Employees Retirement System of Ohio has acquired a new position in The Goldman Sachs Group, Inc. (NYSE:GS), according to its most recent 13F filing with the Securities and Exchange Commission.

The institutional investor bought 114,392 shares of the investment management company's stock, valued at approximately $115,693,000.

This is not an isolated incident; several other hedge funds have also made changes to their positions in The Goldman Sachs Group during the second quarter. MASTERINVEST Kapitalanlage GmbH purchased a new position worth around $7,066,000, while PenderFund Capital Management Ltd. acquired a new position valued at $1,113,000.

The Goldman Sachs Group's core businesses include investment banking, global markets, asset and wealth management, and consumer banking. The firm has reported strong quarterly results, with earnings per share reaching $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion.