NMERB Boosts Stake in The Goldman Sachs Group
The New Mexico Educational Retirement Board (NMERB) has significantly increased its holdings in The Goldman Sachs Group, Inc. (GS), a global investment banking and financial services firm. According to a recent filing with the Securities and Exchange Commission (SEC), NMERB now owns 14,989 shares of GS stock, valued at $15.16 million as of the most recent quarter.
This represents a 7.1% increase in the fund's position in GS during the second quarter. NMERB's investment in GS is part of its broader portfolio, which includes a range of assets and stocks from various sectors.
The Goldman Sachs Group has been experiencing growth in its business, with revenue increasing by 39.4% year-over-year to $20.34 billion in the most recent quarter. The company also reported earnings per share (EPS) of $20.98, exceeding analyst estimates. This performance has contributed to a strong position for GS in the market.