Weekly Top Insider Buys - GE and JPM

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Apr 28, 2013
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According to GuruFocus Insider Data, these are the largest insider buys during the past week. The overall trend of insiders is illustrated in the chart below:



General Electric Co. (GE, Financial): Director William G. Beattie Bought 10,000 Shares

Director of General Electric Co. (GE) William G. Beattie bought 10,000 shares on April 24, 2013, at an average price of $22.21.

General Electric Company was incorporated in 1892. It is a technology, media and financial services company. General Electric Co. has a market cap of $228.24 billion; its shares were traded at around $22.21 with a P/E ratio of 15.9744 and a P/S ratio of 1.58. The dividend yield of General Electric Co. stocks is 3.24%.

On April 19, 2013 ,GE announced first quarter 2013 operating earnings of $4.1 billion, or $0.39 per share, up 14% and 15%, respectively from the first quarter of 2012.

William G. Beattie owns at least 37,718 shares after this trade. The price of the stock has increased by 1.88% since.

JPMorgan Chase & Co. (JPM, Financial): Director James S. Crown Bought 436,859 Shares

Director of JPMorgan Chase & Co. (JPM) James S. Crown bought 436,859 shares on April 19, 2013, at an average price of $48.88.

JPMorgan Chase & Co. is a global financial services firm and banking institutions in the U.S. with operations worldwide. JPMorgan Chase & Co. has a market cap of $187.55 billion; its shares were traded at around $48.88 with a P/E ratio of 9.3985 and a P/S ratio of 1.91. The dividend yield of JPMorgan Chase & Co. stocks is 2.45%. JPMorgan Chase & Co. had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated JPMorgan Chase & Co. the business predictability rank of 3.5-star.

On April 12, 2013, JPMorgan Chase & Co. reported record a net income of $6.5 billion for the first quarter of 2013, compared with net income of $4.9 billion in the first quarter of 2012. Earnings per share were a record $1.59, compared with $1.19 in the first quarter of 2012. Revenue for the quarter was $25.8 billion, compared with $26.8 billion in the prior year. The firm's return on tangible common equity for the first quarter of 2013 was 17%, compared with 15% in the prior year.

Co-Chief Operating Officer Frank Bisignano sold 40,000 shares of JPM stock on April 22, 2013, at the average price of 47.38. Frank Bisignano owns at least 296,874 shares after this. The price of the stock has increased by 3.17% since.

For the complete list of stocks that were bought by their company executives, go to: Insider Buys.