According to GuruFocus Insider Data, these are the largest insider buys during the past week: Bank of America Corp. (BAC), Invesco Ltd. (IVZ), Akamai Technologies Inc. (AKAM), Ascena Retail Group Inc. (ASNA), and URS Corp. (URS).
The overall trend of insiders is illustrated in the chart below:
Bank of America Corp. (BAC): Director Charles K Gifford Bought 482,794 Shares
Director of Bank of America Corp., Charles K Gifford, bought 482,794 shares on 6/12/2012 at an average price of $7.87. Bank of America Corp. is one of the world's financial services companies. Bank of America Corp. has a market cap of $81.54 billion; its shares were traded at around $7.87 with and P/S ratio of 0.7. The dividend yield of Bank of America Corp. stocks is 0.5%.
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.
Invesco Ltd. (IVZ): Director Rex D Adams Bought 1,333 Shares
Director of Invesco Ltd (IVZ) Rex D Adams bought 1,333 shares on 06/13/2012 at an average price of $22.02. Invesco Ltd. is an independent global investment management company, dedicated to helping people worldwide build their financial security. Invesco Ltd. has a market cap of $10.23 billion; its shares were traded at around $22.02 with a P/E ratio of 13.3 and P/S ratio of 2.5. The dividend yield of Invesco Ltd. stocks is 3%. Invesco Ltd. had an annual average earnings growth of 4.7% over the past 10 years.
On April 26, Invesco Ltd. reported financial results for three months ended March 31, 2012. Net revenues increased by $19.5 million (2.7%) to $736.3 million in the first quarter from $716.8 million in the fourth quarter 2011. Operating revenues increased 3.7% to $1,033.7 million in the first quarter from $997.1 million in the fourth quarter 2011. Operating expenses increased by 2.3% to $803.9 million in the first quarter from $785.5 million in the fourth quarter 2011.
Last week, Director Rex D Adams bought 1,333 shares of IVZ stock. Senior Managing Director Andrew Tak Shing Lo sold 125,000 shares in March. SMD Gregory Mark Armour and President & CEO Martin L Flanagan sold shares in February.
Akamai Technologies Inc. (AKAM): Director George H Conrades Bought 29,182 Shares
Director of Akamai Technologies Inc., George H Conrades, bought 29,182 shares on 6/07/2012 at an average price of $31.19. Akamai Technologies Inc. is the global service provider for accelerating content and business processes online. Akamai Technologies Inc. has a market cap of $5.4 billion; its shares were traded at around $31.19 with a P/E ratio of 25.5 and P/S ratio of 4.7. Akamai Technologies Inc. had an annual average earnings growth of 21.3% over the past 5 years.
On April 25, Akamai Technologies Inc. reported financial results for the first quarter ended March 31, 2012. Revenue for the first quarter of 2012 was $319 million, a 16 percent increase over first quarter 2011 revenue of $276 million. Net income for the first quarter of 2012 was $43 million, or $0.24 per diluted share, a 15 percent decrease from first quarter 2011 GAAP net income of $51 million, or $0.26 per diluted share, and a 28 percent decrease from fourth quarter 2011 GAAP net income of $60 million, or $0.33 per diluted share.
This month, Director George H Conrades and Chief Scientist F Thomson Leighton bought shares of AKAM stock. Chief Scientist F Thomson Leighton bought 100,000 shares in April. SVP - General Counsel Melanie Haratunian and Director Frederic V Salerno sold shares this month. President and CEO Paul Sagan sold 40,000 shares in May and CFO J Donald Sherman sold 5,000 shares in February.
Ascena Retail Group Inc. (ASNA): Director Randy L Pearce Bought 8,200 Shares
Director of Ascena Retail Group Inc., Randy L Pearce, bought 8,200 shares on 06/07/2012 at an average price of $19.51. Ascena Retail Group Inc., formerly known as The Dress Barn Inc., has a market cap of $2.94 billion; its shares were traded at around $19.51 with a P/E ratio of 14.6 and P/S ratio of 1. Ascena Retail Group Inc. had an annual average earnings growth of 17.8% over the past 10 years. GuruFocus rated Ascena Retail Group Inc. the business predictability rank of 4-star.
On May 31, Ascena Retail Group Inc. reported financial results for its fiscal third quarter and nine months ended April 28, 2012. Net income for the third quarter of Fiscal 2012 was $49.4 million, representing a slight decrease to the year-ago quarter’s net income of $51.8 million. Earnings per share for the third quarter of Fiscal 2012 decreased slightly to$0.31 per diluted share, compared to $0.32 of earnings per diluted share for the third quarter of Fiscal 2011. Net sales for the third quarter of Fiscal 2012 increased 8% to $783.3 million, compared to $722.8 million for last year’s third quarter.
URS Corp. (URS): Pres. Oil & Gas Div, VP William J Lingard Bought 5,000 Shares
Pres. Oil & Gas Div, VP of URS Corp., William J Lingard, bought 5,000 shares on 06/12/2012 at an average price of $34.19. URS Corporation offers a broad range of planning, design, and program and construction management services for transportation, hazardous waste, industrial processing and petrochemical, general building and water/wastewater projects. URS Corp. has a market cap of $2.73 billion; its shares were traded at around $34.19 with a P/E ratio of 9.4 and P/S ratio of 0.3. The dividend yield of URS Corp. stocks is 2.2%. URS Corp. had an annual average earnings growth of 5.2% over the past 5 years.
On May. 8, URS Corporation reported its financial results for the first quarter of fiscal 2012, which ended on March 30, 2012. Revenues for the quarter were $2.36 billion, compared with $2.32 billion recorded during the first quarter of 2011. Operating income for the quarter was $163.9 million, compared with $132.1 million reported in the corresponding period of the prior year. Net income was $79.7 million, a 28% increase from net income of $62.1 million reported in the first quarter of 2011. Diluted earnings per share (“EPS”) were $1.07, an increase of 35% from EPS of $0.79 reported in the first quarter of last year.
Last week, Pres. Oil & Gas Div, VP William J Lingard bought 5,000 shares of URS stock. VP and Chief Acct Officer Reed H Brimhall and Director, CEO, Chairman, Pres. Martin M Koffel sold shares in March.
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.