In a recent transaction, Kevin R. Johnson, a director at Goldman Sachs Group Inc. (NYSE:), acquired 2,400 shares of the company’s common stock. The shares were purchased at a price of $619.02 each, amounting to a total investment of approximately $1,485,648. This acquisition was made on January 17, 2025, and was held through a trust, with Johnson and his spouse as the sole beneficiaries. The timing appears favorable as Goldman Sachs stock has shown strong momentum, gaining 9.5% in the past week and currently trading near its 52-week high of $627.
Additionally, Johnson received 630 Restricted Stock Units (RSUs) as part of his 2024 annual grant for his service on Goldman Sachs’ Board of Directors. These RSUs, which were granted on January 16, 2025, will convert to common stock approximately 90 days after Johnson’s retirement from the board. Following these transactions, Johnson now directly owns 2,462 shares of Goldman Sachs common stock. According to InvestingPro analysis, Goldman Sachs, with a market cap of $214.7 billion, currently offers a dividend yield of 1.92% and shows promising valuation metrics. For deeper insights into Goldman Sachs’ valuation and 17+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Goldman Sachs has seen a flurry of activity with significant promotions and compensation adjustments. The firm announced the appointment of new co-heads for its investment banking and leaders for its fixed income, currencies, and commodities (FICC) group and equities. The newly promoted executives will also join Goldman Sachs’ management committee, marking a major shift towards a new leadership generation.
In terms of compensation, Goldman Sachs raised CEO David Solomon’s annual compensation to $39 million for 2024, an increase from $31 million in 2023. The Board also approved the grant of 130,508 restricted stock units (Retention RSUs) for both Solomon and John Waldron, the President and Chief Operating Officer (COO). This move aims to ensure stability and continuity in the firm’s leadership over the next five years.
The firm also granted significant retention restricted stock units (RSUs) to its top executives, valued at $80 million. These RSUs are designed to align the interests of Solomon and Waldron with long-term shareholder value creation. The firm also introduced a Long Term Executive Carried Interest Incentive Program (CIP), aiming to align senior executives’ incentives with long-term shareholder interests and enhance competitive talent retention.
Analysts from Oppenheimer and Keefe, Bruyette & Woods (KBW) maintained an Outperform rating for the company, while Jefferies upheld a Buy rating. Goldman Sachs reported earnings per share (EPS) of $11.95, surpassing both Oppenheimer’s and the consensus estimates. The company’s solid trading performance and significant $1.5 billion revenue beat were key contributors to these recent developments.
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