In a current transaction, Kevin R. Johnson, a director at Goldman Sachs Group Inc. (NYSE:), acquired 2,400 shares of the corporate’s frequent inventory. The shares have been bought at a price of $619.02 every, amounting to a complete funding of roughly $1,485,648. This acquisition was made on January 17, 2025, and was held via a belief, with Johnson and his partner as the only beneficiaries. The timing seems favorable as Goldman Sachs inventory has proven robust momentum, gaining 9.5% up to now week and at the moment buying and selling close to its 52-week excessive of $627.
Moreover, Johnson acquired 630 Restricted Inventory Items (RSUs) as a part of his 2024 annual grant for his service on Goldman Sachs’ Board of Administrators. These RSUs, which have been granted on January 16, 2025, will convert to frequent inventory roughly 90 days after Johnson’s retirement from the board. Following these transactions, Johnson now immediately owns 2,462 shares of Goldman Sachs frequent inventory. In line with InvestingPro analysis, Goldman Sachs, with a market cap of $214.7 billion, at the moment gives a dividend yield of 1.92% and exhibits promising valuation metrics. For deeper insights into Goldman Sachs’ valuation and 17+ extra ProTips, discover the excellent Professional Analysis Report obtainable on InvestingPro.
In different current information, Goldman Sachs has seen a flurry of exercise with vital promotions and compensation changes. The agency introduced the appointment of recent co-heads for its funding banking and leaders for its mounted revenue, currencies, and commodities (FICC) group and equities. The newly promoted executives will even be a part of Goldman Sachs’ administration committee, marking a serious shift in the direction of a brand new management era.
When it comes to compensation, Goldman Sachs raised CEO David Solomon’s annual compensation to $39 million for 2024, a rise from $31 million in 2023. The Board additionally authorised the grant of 130,508 restricted inventory models (Retention RSUs) for each Solomon and John Waldron, the President and Chief Working Officer (COO). This transfer goals to make sure stability and continuity within the agency’s management over the following 5 years.
The agency additionally granted vital retention restricted inventory models (RSUs) to its prime executives, valued at $80 million. These RSUs are designed to align the pursuits of Solomon and Waldron with long-term shareholder worth creation. The agency additionally launched a Lengthy Time period Govt Carried Curiosity Incentive Program (CIP), aiming to align senior executives’ incentives with long-term shareholder pursuits and improve aggressive expertise retention.
Analysts from Oppenheimer and Keefe, Bruyette & Woods (KBW) maintained an Outperform ranking for the corporate, whereas Jefferies upheld a Purchase ranking. Goldman Sachs reported earnings per share (EPS) of $11.95, surpassing each Oppenheimer’s and the consensus estimates. The corporate’s stable buying and selling efficiency and vital $1.5 billion income beat have been key contributors to those current developments.
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