In a recent transaction, Kevin R. Johnson, a director of 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. The acquisition was made on January 17, 2025, and was held by a trust, with Johnson and his spouse as sole beneficiaries. The timing seems 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.
In addition, Johnson received 630 restricted stock units (RSUs) as part of a 2024 annual grant for his service on Goldman Sachs’ board of directors. These RSUs, which vest on January 16, 2025, will convert into 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. Accordingly Investment Prof 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 in-depth information on Goldman Sachs’ valuation and 17+ additional pro tips, explore the comprehensive pro research report available at 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 toward a new leadership generation.
In terms of compensation, Goldman Sachs increased CEO David Solomon’s annual compensation to $39 million for 2024, up from $31 million in 2023. The Board also approved the grant of 130,508 restricted stock units (retention RSUs) to both Solomon and John Waldron, President and Chief Operating Officer (COO). The move is aimed at ensuring stability and continuity in the leadership of the firm over the next five years.
The firm also awarded significant retention restricted stock units (RSUs), valued at $80 million, to its top executives. 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 vested interest incentive program (CIP), aimed at aligning senior executives’ incentives with long-term shareholder interests and enhancing competitive talent retention.
Analysts at Oppenheimer and Keefe, Bruyette & Woods (KBW) maintained an outperform rating for the company, while Jefferies maintained a buy rating. Goldman Sachs reported earnings per share (EPS) of $11.95, beating both the Oppenheimer and consensus estimates. The company’s solid business performance and significant $1.5 billion revenue beat were key contributors to these recent developments.
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