Goldman Sachs Stake Surges as Institutional Investors Snap Up Shares

Sax Wealth Advisors LLC significantly increased its stake in The Goldman Sachs Group, Inc. (NYSE:GS) during the second quarter. The fund acquired an additional 2,110 shares of the investment management company's stock, bringing its total holdings to 3,529 shares worth $3,569,000 as of its most recent SEC filing.

This is not an isolated instance of increased interest in GS. Other institutional investors and hedge funds have also been buying shares of the company. For example, Norges Bank purchased a new stake in The Goldman Sachs Group in the 4th quarter worth approximately $2,515,830,000. Corient Private Wealth LLC grew its stake in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter.

The investment management company reported strong quarterly earnings on July 14th, with EPS of $20.98 beating analyst estimates by $6.51. The company's revenue for the quarter was up 39.4% year-over-year to $20.34 billion. Goldman Sachs also recently declared a quarterly dividend, which will be paid on September 29th.