$GS: Canada Pension Plan Investment Board Boosts Stake in The Goldman Sachs Group
Canada Pension Plan Investment Board (CPPIB) has increased its stake in The Goldman Sachs Group, Inc. ($GS), according to a recent disclosure with the Securities and Exchange Commission (SEC). In the second quarter, CPPIB purchased an additional 135,282 shares of $GS stock, boosting its position by 21.2%.
The fund now owns approximately 774,110 shares of The Goldman Sachs Group's stock, valued at $782,912,000. This represents about 0.27% of the company's outstanding shares. CPPIB has been a significant shareholder in $GS for some time, and its increased stake reflects confidence in the investment management company's growth prospects.
The news comes as The Goldman Sachs Group continues to deliver strong earnings results. In July, the company reported a 39.4% year-over-year increase in quarterly revenue, beating analyst expectations. With revenue of $20.34 billion and earnings per share (EPS) of $20.98, The Goldman Sachs Group is well-positioned for continued growth.