Goldman Sachs Sees Surge in Institutional Investment Amid Strong Earnings
Focus Partners Advisor Solutions LLC has taken a new position in shares of The Goldman Sachs Group Inc. (NYSE: GS) valued at approximately $2,772,000. This investment was made during the second quarter, as disclosed by the company's recent filing with the Securities and Exchange Commission.
The firm bought 2,740 shares of Goldman Sachs' stock, marking a significant investment in the global investment banking and financial services firm.
Goldman Sachs has seen a surge in institutional investors taking positions in its shares. In the first quarter, Turim 21 Investimentos Ltda acquired a new stake in the company valued at $25,000. Garton & Associates Financial Advisors LLC also bought a new position in Goldman Sachs' shares worth about $26,000.
The investment management company has reported strong earnings results, beating analysts' consensus estimates of $14.47 by $6.51 with EPS of $20.98. The quarterly revenue was up 39.4% on a year-over-year basis.