Goldman Sachs Stake Reduced as Hedge Fund Assenagon Sells Shares
Assenagon Asset Management S.A., a hedge fund, recently disclosed its sale of 1,062 shares of The Goldman Sachs Group, Inc. (NYSE:GS) in the second quarter. This sale reduced Assenagon's stake in Goldman by 7.8%. As of the latest filing with the Securities and Exchange Commission, Assenagon owned 12,549 shares of Goldman's stock, valued at $12,692,000.
Other hedge funds have also made changes to their positions in Goldman during this quarter. Turim 21 Investimentos Ltda., for instance, bought a new stake worth approximately $25,000. Meanwhile, Manning & Napier Advisors LLC increased its holdings by 287.5% and now owns 31 shares of Goldman's stock valued at $27,000.
Goldman Sachs recently reported its earnings results for the second quarter, beating analyst estimates with a profit of $20.98 per share. The company's revenue was up 39.4% year-over-year to $20.34 billion. Analysts anticipate Goldman will post EPS of $68.89 for the current year.