QRG Capital Management Inc. Boosts Stake in Goldman Sachs
Goldman Sachs has seen increased investment from QRG Capital Management Inc. in the second quarter, according to the company's latest SEC filing.
QRG Capital Management Inc. boosted its holdings in The Goldman Sachs Group, Inc. (NYSE:GS) by 13.2% during the second quarter. The fund owned 73,537 shares of the investment management company's stock after buying an additional 8,560 shares during the period.
Other institutional investors have also been making moves in Goldman Sachs' stock. Envestnet Portfolio Solutions Inc. boosted its position in shares of The Goldman Sachs Group by 14.7% in the second quarter. Envestnet Asset Management Inc. increased its position in The Goldman Sachs Group by 0.8% during the second quarter.
The company's revenue for the quarter was up 39.4% on a year-over-year basis, and it reported $20.98 EPS for the quarter, topping the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.