Lombard Odier Invests in Goldman Sachs with $2.9 Million Stake

Lombard Odier Asset Management Europe Ltd has made a new investment in The Goldman Sachs Group, Inc. ($GS). According to its most recent Form 13F filing with the Securities and Exchange Commission, Lombard Odier acquired 2,886 shares of Goldman Sachs' stock during the second quarter, valued at approximately $2,919,000.

The institutional investor's purchase is not an isolated incident, as several other hedge funds and institutional investors have also bought and sold shares of Goldman Sachs in recent quarters. Sky Investment Group LLC, for example, boosted its holdings in The Goldman Sachs Group by 0.9% in the 2nd quarter, while Warren Street Wealth Advisors LLC grew its position by 3.9% during the same period.

The Goldman Sachs Group has seen its stock price increase significantly since the start of the year, with shares opening at $1,034.35 on Friday. The company's 50-day moving average price is $1,048.89 and its 200-day moving average price is $968.57.