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Weekly CFO Sales Highlight: AMP, FIO, V, CE, NLST

February 20, 2012 | About:

According to GuruFocus Insider Data, the largest CFO sells during the past week were: Ameriprise Financial, Fusion-Io Inc., Visa Inc.-A, Celanese Cp-A, and Netlist Inc.

Ameriprise Financial (NYSE:AMP): Executive VP and CFO Walter Stanley Berman Sold 125,769 Shares

Executive VP and CFO of Ameriprise Financial (NYSE:AMP) Walter Stanley Berman sold 125,769 shares on 02/10/2012 at an average price of $53.35. Ameriprise Financial is a financial planning and services company with financial advisers and registered representatives that provides solutions for clients' asset accumulation, income management and insurance protection needs. Ameriprise Financial has a market cap of $12.79 billion; its shares were traded at around $56.54 with a P/E ratio of 11.24 and P/S ratio of 1.26. The dividend yield of Ameriprise Financial stocks is 1.98%.

Ameriprise Financial recently reported its fourth quarter 2011 results. During this quarter, the company saw net income of $240 million ($1.02 per diluted share), as compared to $306 million ($1.18 per share) prior year quarter. Total operating revenues decreased 2 percent to $2.5 billion from last year – and the company reported that at the end of 2011, it had $2.0 billion in excess capital.

CEO, U.S. Asset Management William F. Truscott sold 59,872 shares of AMP stock on 02/08/2012 at the average price of $54.61. Executive Vice President and CFO Walter Stanley Berman sold 125,769 shares of AMP stock on 02/10/2012 at the average price of $53.35. Walter Stanley Berman owns at least 63,297 shares after this. The price of the stock has increased by 5.98% since. President Financial Planning and Wealth and CMO Kim Michelle Sharan also sold shares of AMP stock.

Fusion-Io Inc. (NYSE:FIO): CFO Dennis P. Wolf Sold 123,029 Shares

CFO of Fusion-Io Inc. (NYSE:FIO) Dennis P. Wolf sold 123,029 shares on 02/15/2012 at an average price of $25.12. Fusion-Io, Inc. is engaged in the design, development and retail of storage memory platform that helps data decentralization. Fusion-Io Inc has a market cap of $2.44 billion; its shares were traded at around $28.3 with and P/S ratio of 12.38.

Fusion-Io Inc has released its results for its second quarter of 2012 ended Dec. 31, 2011. In this quarter, the company reported a revenue increase of 169% from prior year quarter to $84.1 million. Net loss in this quarter was $5.7 million ($0.02 per diluted share), as compared to a net loss of $2.5 million ($0.19 per share) in the same quarter of last year. Gross margin for this 2012 quarter was 51.0% and operating margin was a loss of 4.8%.

Chairman, CEO and President David A. Flynn sold 40,000 shares of FIO stock on 02/15/2012 at the average price of $25. CFO Dennis P. Wolf sold 123,029 shares of FIO stock on 02/15/2012 at the average price of $25.12. Dennis P. Wolf owns at least 1,470 shares after this. The price of the stock has increased by 12.66% since. Multiple other insiders also sold shares of FIO stock during the past week.

Visa Inc.-A (NYSE:V): CFO Byron H. Pollitt Jr. Sold 77,484 Shares

CFO of Visa Inc.-A (NYSE:V) Byron H Pollitt Jr. sold 77,484 shares on 02/10/2012 at an average price of $113.27. VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa Inc.-A has a market cap of $93.5 billion; its shares were traded at around $115.01 with a P/E ratio of 21.91 and P/S ratio of 10.18. The dividend yield of Visa Inc-A stocks is 0.77%.

For its first quarter of 2012 ended Dec. 30, 2011, Visa Inc.-A reported net income increase of 16.4% from prior year quarter to $1.03 billion, and operating earnings of $1.43 per common share. Total operating revenues were $2.55 billion for the quarter, as compared to $2.24 billion last year.

CFO Byron H. Pollitt Jr. sold 77,484 shares of V stock on 02/10/2012 at the average price of $113.27. Byron H. Pollitt Jr. owns at least 54,118 shares after this. The price of the stock has increased by 1.54% since.

Celanese Cp-A (NYSE:CE): Senior Vice President and CFO Steven Sterin Sold 75,000 Shares

Senior Vice President and CFO of Celanese Cp-A (NYSE:CE) Steven Sterin sold 75,000 shares on 02/16/2012 at an average price of $51.75. Celanese is an integrated global producer of value-added industrial chemicals. Celanese Cp-A has a market cap of $8.11 billion; its shares were traded at around $51.93 with a P/E ratio of 11.62 and P/S ratio of 1.2. The dividend yield of Celanese Cp-A stocks is 0.46%.

For its fourth quarter of 2011, Celanese Cp-A reported adjusted earnings of $4.47 per share compared to $3.37 in the same quarter of last year. Quarterly revenues grew 7% from prior year quarter to $1.61 billion, and sales increased 14%.

Senior Vice President and CFO Steven Sterin sold 75,000 shares of CE stock on 02/16/2012 at the average price of $51.75. Steven Sterin owns at least 38,400 shares after this. The price of the stock has increased by 0.35% since. Other insiders sold shares of CE stock as well.

Netlist Inc. (NASDAQ:NLST): Vice President and CFO Gail M. Sasaki Sold 67,968 Shares

Vice President and CFO of Netlist Inc. (NASDAQ:NLST) Gail M. Sasaki sold 67,968 shares on 02/09/2012 at an average price of $4.13. Netlist Inc. designs and manufactures high performance memory subsystems for the server, high performance computing and communications markets. Netlist Inc. has a market cap of $93.86 million; its shares were traded at around $3.66 with and P/S ratio of 2.48.

Vice President and CFO Gail M. Sasaki sold 67,968 shares of NLST stock on 02/09/2012 at the average price of $4.13. Gail M. Sasaki owns at least 9,375 shares after this. The price of the stock has decreased by 11.38% since.

For the complete list of stocks sold by their CFOs, 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.

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Rating: 2.9/5 (13 votes)

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