Yukon Wealth Invests Big in Goldman Sachs
Yukon Wealth Management Inc., a financial institution, has made a significant investment in The Goldman Sachs Group, Inc. ($GS). According to a recent filing with the Securities and Exchange Commission (SEC), Yukon acquired 2,200 shares of Goldman Sachs' stock in the second quarter, valued at approximately $2,226,000.
This new stake comprises about 0.6% of Yukon's portfolio, making it the company's 24th largest holding. Other major investors have also increased their holdings in Goldman Sachs during this period, including BlackRock Inc., Bank of America Corp DE, Norges Bank, Orange County Employees Retirement System, and Bank of New York Mellon Corp.
The institutional ownership of Goldman Sachs' shares is currently at 71.21%. Analysts have been optimistic about the company's prospects, with several raising their price targets recently. Barclays raised its target to $1,245.00, while CICC Research boosted its target to $980.00.