Oversea Chinese Banking Corp Ltd Reduces Stake in The Goldman Sachs Group Inc.

Oversea Chinese Banking Corp Ltd has significantly reduced its stake in The Goldman Sachs Group Inc. ($GS), according to its most recent filing with the SEC. In the second quarter, the institutional investor sold 8,042 shares of the investment management company's stock, decreasing its holdings by 50.2%. This means that OVERSEA CHINESE BANKING Corp Ltd now owns 7,991 shares of The Goldman Sachs Group Inc., valued at approximately $8.08 million as of its most recent filing with the SEC.

The reduction in stake is just one part of a larger trend in The Goldman Sachs Group Inc.'s ownership structure. Other institutional investors and hedge funds have also recently modified their holdings of the company, including BlackRock Inc., which purchased a new position in shares of The Goldman Sachs Group during the second quarter valued at approximately $24.17 billion.

The Goldman Sachs Group Inc. reported its earnings results on Tuesday, July 14th, beating the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analyst estimates of $16.22 billion. The business's revenue was up 39.4% compared to the same quarter last year.

The Goldman Sachs Group Inc.'s stock opened at $1,041.35 on Friday and has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The company has a market cap of $303.21 billion, a P/E ratio of 16.07, a P/E/G ratio of 1.05 and a beta of 1.30.