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Weekly Top Insider Buys: MSFT, BAC, AIG, SPG, OKS

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gururk

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According to GuruFocus Insider Data, these are the largest insider buys during the past week: Microsoft Corp. (MSFT), Bank of America Corp. (BAC), American International Group Inc. (AIG), Simon Property Group Inc. (SPG) and ONEOK Partners LP (OKS).

The overall trend of insiders is illustrated in the chart below:

Microsoft Corp. (MSFT): Director Stephen J. Luczo Bought 16,000 Shares



Director of Microsoft Corp., Stephen J. Luczo, bought 16,000 shares on 05/08/2012 at an average price of $31.15. Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $261.46 billion; its shares were traded at around $31.15 with a P/E ratio of 11.33 and P/S ratio of 3.74. The dividend yield of Microsoft Corp. stocks is 2.57%. Microsoft Corp. had an annual average earnings growth of 12.9% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 4.5-star.

On April 19, Microsoft Corp. announced quarterly revenue of $17.41 billion for the quarter ended March 31, 2012, a 6% increase from the prior year period. Operating income was $6.37 billion, up 12% from the prior year period. Net income and diluted earnings per share for the quarter were $5.11 billion and $0.60 per share, compared with $5.23 billion and $0.61 per share, respectively, in the prior year period. Prior year net income and diluted earnings per share included a $461 million or $0.05 per share tax benefit primarily related to a tax settlement with the U.S. Internal Revenue Service.

Last week, Director Stephen J. Luczo bought 16,000 shares of MSFT. Last month, Chief Accounting Officer Frank H. Brod and Director William H. Gates III sold shares.

Bank of America Corp. (BAC): Director Donald E. Powell Bought 5,000 Shares



Director of Bank of America Corp, Donald E. Powell, bought 5,000 shares on 05/04/2012 at an average price of $7.55. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $81.33 billion; its shares were traded at around $7.55 with and P/S ratio of 0.71. The dividend yield of Bank of America Corp. stocks is 0.53%.

On April 19, Bank of America Corporation reported net income of $653 million, or $0.03 per diluted share, for the first quarter of 2012. Revenue, net of interest expense, on a fully taxable-equivalent basis was $22.5 billion. The results compare to net income of $2.0 billion, or $0.17 per diluted share, in the year-ago quarter on revenue of $27.1 billion when the company reported negative valuation adjustments of $943 million, or $0.06 per share. Excluding the valuation adjustments from both periods, revenue was down 3 percent in the first quarter of 2012 to $27.3 billion2.

Last week, Director Donald E. Powell bought 5,000 shares of BAC stock.

American International Group Inc. (AIG): Director Morris Offit Bought 10,000 Shares



Director of American International Group Inc., Morris Offit, bought 10,000 shares on 05/08/2012 at an average price of $31.76. American International Group, Inc., world leaders in insurance and financial services, is the international insurance organization with operations in more than one hundred thirty countries and jurisdictions. American International Group Inc. has a market cap of $60.23 billion; its shares were traded at around $31.76 with a P/E ratio of 19.97 and P/S ratio of 1.01.

On May 3, American International Group Inc. reported net income attributable to AIG of $3.2 billion and after-tax operating income of $3.1 billion for the quarter ended March 31, 2012, compared to net income attributable to AIG of $1.3 billion and after-tax operating income of $2.1 billion for the first quarter of 2011. Diluted earnings per share and after-tax operating income per share were $1.71 and $1.65, respectively, for the first quarter of 2012, compared with diluted earnings per share and after-tax operating income per share of $0.31 and $1.34, respectively, for the first quarter of 2011.

This month, Director Christopher S. Lynch, Director Laurette T. Koellner, and Director Morris Offit bought shares of AIG stock. Director Morris Offit bought 15,000 shares in February and Director Laurette T. Koellner bought 13,500 shares in November.

Simon Property Group Inc. (SPG): Director Larry C. Glasscock Bought 1,200 Shares



Director of Simon Property Group Inc., Larry C. Glasscock, bought 1,200 shares on 5/10/2012 at an average price of $156.09. Simon Property Group Inc. is a self-administered and self-managed real estate investment trust which, through its subsidiary partnerships, is engaged in the ownership, development, management, leasing, acquisition and expansion of income-producing properties, primarily regional malls and community shopping centers. Simon Property Group Inc. has a market cap of $46.47 billion; its shares were traded at around $156.09 with a P/E ratio of 22.01 and P/S ratio of 10.79. The dividend yield of Simon Property Group Inc. stocks is 2.43%. Simon Property Group Inc. had an annual average earnings growth of 3.1% over the past 10 years.

On April 27, Simon Property Group Inc. reported results for the quarter ended March 31, 2012. Net income attributable to common stockholders was $645.4 million, or $2.18 per diluted share, as compared to $179.4 million, or $0.61 per diluted share, in the prior year period. The increase on a per share basis was 257.4%.

Last week, Director Larry C. Glasscock bought 1,200 shares of SPG stock. Director Karen N. Horn sold 3,168 shares in March. Senior Vice President and Chief Accounting Officer Steven K. Broadwater sold 1,010 shares in February. Executive Vice President and President Simon Management Group John Rulli and Chairman Emeritus of the Board Herbert Simon sold shares in December.

ONEOK Partners LP (OKS): Policy Committee Member John William Gibson Bought 7,000 Shares



Policy Committee Member of ONEOK Partners LP, John William Gibson bought 7,000 shares on 05/04/2012 at an average price of $56.69. Northern Border Pipeline is a general partnership that owns an interstate pipeline system that transports natural gas from the Montana-Saskatchewan border to natural gas markets in the midwestern U.S. ONEOK Partners LP has a market cap of $11.55 billion; its shares were traded at around $56.69 with a P/E ratio of 15.4 and P/S ratio of 1.02. The dividend yield of ONEOK Partners LP stocks is 4.48%. ONEOK Partners LP had an annual average earnings growth of 2.5% over the past 10 years.

On May 1, ONEOK Partners LP announced first-quarter 2012 earnings of $0.91 per unit, compared with $0.58 per unit on a split-adjusted basis for the first quarter 2011. Net income attributable to ONEOK Partners increased 58 percent for the first quarter 2012 to $238.8 million, compared with $150.9 million for the same period in 2011.

Last week, Policy Committee Member John William Gibson bought 1,000 shares of OKS stock. 10% Owner Inc. /new/ Oneok bought 8,000,000 shares in February.

For the complete list of stocks that 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.

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