According to GuruFocus Insider Data, these are the largest insider buys during the past week: Bank of America Corp. (BAC), Charles Schwab Corp. (SCHW), KeyCorp (KEY), Fulton Financial Corp. (FULT) and InterDigital Inc. (IDCC).
The overall trend of insiders is illustrated in the chart below:
Bank of America Corp. (BAC): Director Donald E Powell Bought 7,000 Shares
Director of Bank of America Corp., Donald E. Powell, bought 7,000 shares on 1/26/2012 at an average price of $7.07. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $71.65 billion; its shares were traded at around $7.07 with and P/S ratio of 0.6. The dividend yield of Bank Of America Corp. stocks is 0.6%.
On January 19, Bank of America Corporation reported net income of $2.0 billion, or $0.15 per diluted share, for the fourth quarter of 2011, compared with a net loss of $1.2 billion, or $0.16 per diluted share in the year-ago period. Revenue, net of interest expense, on a fully taxable-equivalent (FTE)1 basis rose 11 percent to $25.1 billion.
Last week, Director Donald E. Powell bought 7,000 shares of BAC stock.
Charles Schwab Corp. (SCHW): Director Roger O Walther Bought 2,718 Shares
Director of Charles Schwab Corp., Roger O. Walther, bought 2,718 shares on 1/27/2012 at an average price of $11.64. Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $14.78 billion; its shares were traded at around $11.64 with a P/E ratio of 16.4 and P/S ratio of 3.2. The dividend yield of Charles Schwab Corp. stocks is 2.1%. Charles Schwab Corp. had an annual average earnings growth of 9.3% over the past 10 years.
On January 18, The Charles Schwab Corporation announced that its net income was $163 million for the fourth quarter of 2011, up 37% from $119 million for the year-earlier period. The company’s fourth quarter 2010 net income was $218 million prior to the inclusion of charges relating to the Schwab YieldPlus® Fund.
Last week, Director Roger O. Walther bought 2,718 shares of SCHW stock. Director Roger O. Walther bought 1,500 shares in November. Executive Vice President and General Counsel Carrie E. Dwyer and Executive Vice President and CFO Joseph R. Martinetto sold shares in November.
KeyCorp (KEY): Director William G. Gisel Jr. Bought 2,600 Shares
Director of KeyCorp, William G. Gisel Jr., bought 2,600 shares on 1/26/2012 at an average price of $7.85. KeyCorp is an integrated multi-line financial services company. Keycorp has a market cap of $7.48 billion; its shares were traded at around $7.85 with a P/E ratio of 8.5 and P/S ratio of 1.6. The dividend yield of Keycorp stocks is 1.5%.
On January 24, KeyCorp announced fourth quarter net income from continuing operations attributable to Key common shareholders of $201 million, or $.21 per common share. Key's fourth quarter 2011 results compare to net income from continuing operations attributable to Key common shareholders of $292 million, or $0.33 per common share, for the fourth quarter of 2010.
Fulton Financial Corp. (FULT): Director Albert Morrison III Bought 2,100 Shares
Director of Fulton Financial Corp., Albert Morrison III, bought 2,100 shares on 1/23/2012 at an average price of $9.35. Fulton Financial Corp. is a bank holding company. It provides retail and commercial banking and investment management and trust services in central and eastern Pennsylvania, southern New Jersey, northern Maryland and southern Delaware through its wholly-owned subsidiaries: Fulton Bank, Lebanon Valley Farmers Bank, Swineford National Bank, Lafayette Ambassador Bank, FNB Bank, N. Fulton Financial Corp. has a market cap of $1.87 billion; its shares were traded at around $9.35 with a P/E ratio of 12.8 and P/S ratio of 2.1. The dividend yield of Fulton Financial Corp. stocks is 2.6%.
On January 17, Fulton Financial Corp. reported results for the fourth quarter of 2011. Diluted earnings per share for the fourth quarter of 2011 was 18 cents, a 10.0 percent decrease from the third quarter of 2011 and a 12.5 percent increase from the fourth quarter of 2010. Net interest income for the fourth quarter of 2011 decreased $3.0 million, or 2.1 percent, compared to the third quarter of 2011 due to a decrease in net interest margin of 12 basis points, or 3.1 percent.
This month, Director Albert Morrison III and Director Joe N. Ballard bought shares of FULT stock. Director Rufus A. Fulton Jr. bought 2,000 shares in September and Sr. Executive Vice President Craig A. Roda bought 2,350 shares in August.
InterDigital Inc. (IDCC): Director Steven T Clontz Bought 10,000 Shares
Director of InterDigital Inc., Steven T. Clontz, bought 10,000 shares on 1/26/2012 at an average price of $37.65. InterDigital develops and markets advanced digital wireless telecommunications systems using proprietary technologies for voice and data communications and has developed an extensive patent portfolio related to those technologies. InterDigital Inc. has a market cap of $1.71 billion; its shares were traded at around $37.65 with a P/E ratio of 17 and P/S ratio of 4.3. The dividend yield of InterDigital Inc. stocks is 1.1%. InterDigital Inc. had an annual average earnings growth of 33.1% over the past five years.
On January 23, InterDigital Inc. announced preliminary and unaudited results for the fourth quarter ended December 31, 2011. Revenue in fourth quarter 2011 is expected to be $74.2 million. Expected revenue consists of current royalties of $71.8 million, no past sales and $2.4 million from technology solutions. Net income is expected to be $21.0 million, or $0.46 per diluted share. The company expects to report approximately $678 million of cash and short-term investments as of Dec. 31, 2011.
This month, President and CEO William J. Merritt, Executive Vice President Corporate and Business Development Mark A. Lemmo, Executive Vice President Communications and Investor Relations Janet Meenehan Point, and Director Steven T. Clontz bought shares of iDCC stock.
For the complete list of stocks bought by their company executives, go to: Insider Buys.
- CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
- Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
- Double Buys:: Companies that both Gurus and Insiders are buying
- Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.