Goldman Sachs Shares Sold by Essex LLC Amid Analyst Upgrades

The investment management company, The Goldman Sachs Group Inc., has seen its shares sold by Essex LLC in the second quarter. Essex reduced its position in The Goldman Sachs Group by 11% during this period, selling 1,705 shares while owning a total of 13,786 shares after the sale.

This represents approximately 2.1% of Essex LLC's investment portfolio, making The Goldman Sachs Group the company's tenth biggest holding. At the end of the second quarter, Essex LLC's holdings in The Goldman Sachs Group were worth $13,943,000.

Other large investors have also made changes to their positions in the business. In the first and fourth quarters, several companies purchased new stakes in The Goldman Sachs Group, including Turim 21 Investimentos Ltda., Garton & Associates Financial Advisors LLC, Manning & Napier Advisors LLC, Steph & Co., and Lifetime Wealth Management P.C.

These investments come as analysts continue to weigh in on the company's performance. In a recent upgrade, Weiss Ratings upgraded shares of The Goldman Sachs Group from a 'hold (c+)' rating to a 'buy (b-)' rating. Other analysts have also raised their target prices for the company, including Wells Fargo & Company and Barclays.