Weekly Top Insider Buys: GE, KMI, BLK
General Electric Co (GE): Director John Joseph Brennan Bought 5,000 Shares
Director of General Electric Co (GE) John Joseph Brennan bought 5,000 shares on 10/26/2012 at an average price of $0.175. General Electric Company operates as a technology and financial services company. General Electric Co has a market cap of $222.95 billion; its shares were traded at around $21.31 with a P/E ratio of 14.4 and P/S ratio of 1.5. The dividend yield of General Electric Co stocks is 3.2%. General Electric Co had an annual average earnings growth of 10.3% over the past 10 years.
GE announced third-quarter 2012 operating earnings of $3.8 billion, or $0.36 per share, up 10% and 50% respectively from the third quarter of 2011.
Director John Joseph Brennan and Vice Chairman John Krenicki sold shares of GE stock.
Kinder Morgan Inc. (KMI): Director Fayez Sarofim Bought 600,000 Shares
Director of Kinder Morgan Inc. (KMI) Fayez Sarofim bought 600,000 shares on 10/26/2012 at an average price of $34.11. Kinder Morgan Inc. is engaged in energy transportation and storage in North America. Kinder Morgan Inc. has a market cap of $39.32 billion; its shares were traded at around $34.11 with a P/E ratio of 36.5 and P/S ratio of 4.8. The dividend yield of Kinder Morgan Inc. stocks is 4%.
Kinder Morgan Inc. reported third quarter cash available to pay dividends of $362 million, up 93 percent from $188 million for the comparable 2011 period.
Director Fayez Sarofim, Director Michael Jaye Miller and GSCP KMI Investors LP sold shares of KMI stock.
BlackRock Inc. (BLK): Director James Grosfeld Bought 84,300 Shares
Director of BlackRock Inc. (BLK) James Grosfeld bought 84,300 shares during the past week at an average price of $189.52. BlackRock Inc. is one of the largest investment management firms in the United States. BlackRock Inc. has a market cap of $31.26 billion; its shares were traded at around $189.52 with a P/E ratio of 14.6 and P/S ratio of 3.4. The dividend yield of BlackRock Inc. stocks is 3.2%. BlackRock Inc. had an annual average earnings growth of 26.1% over the past 10 years. GuruFocus rated BlackRock Inc. the business predictability rank of 4-star.
BlackRock Inc. reported third quarter 2012 diluted EPS of $3.65, up 19% from second quarter 2012 and 13% from third quarter 2011. Revenue grew 4% from third quarter 2011 reflecting positive market factors, positive net new business, and strength in performance fees and BlackRock Solutions. Operating income of $875 million and operating margin of 37.7% for third quarter 2012 included $25 million of launch costs for the Municipal Target Term Trust.
Director James Grosfeld bought shares of BLK stock.