According to GuruFocus Insider Data, these are the largest CEO buys during the past week. The overall trend of CEO buys is illustrated in the chart below:
General Electric: Chairman and CEO Jeffrey R. Immelt bought 67,600 shares
General Electric Co. (GE, Financial) Chairman and CEO Jeffrey R. Immelt bought 67,600 shares at a price of $29.59 per share on May 20.
General Electric was incorporated in 1892. It is a diversified company with products and services that range from aircraft engines, power generation, oil and gas production equipment, household appliances, medical imaging, business and consumer financing and industrial products. GE has a market cap of $276.93 billion; as of May 31, its shares traded at $30.23 with a P/E ratio of 40.51.
GE announced first quarter Industrial Operating + Verticals EPS of 21 cents, up 5% from the first quarter of 2015. GE delivered 21 cents of earnings per share that included (2 cents) of total FX impact in the industrial segments.
Immelt owns at least 2,190,764 shares following the purchase.
Senior Vice President Alexander Dimitrief bought 65,272 shares of GE stock on Jan. 25 at a price of $28.04 per share; he bought 30,612 shares of GE stock on Feb. 1 at a price of $29 and bought 105 shares of GE stock on April 25 at a price of $30.51. Dimitrief owns at least 116,024 shares following his most recent purchase. The price has decreased by 1.28%.
Senior Vice President Jeffrey S. Bornstein sold 168,313 shares of GE stock on Feb. 4 at a price of $28.91 per share. Bornstein owns at least 87,156 shares. The price of the stock has increased by 4.19%.
Tallgrass Energy Partners LP: President and CEO David G. Dehaemers Jr. bought 12,800 shares
Tallgrass Energy Partners LP (TEP, Financial) President and CEO David G. Dehaemers Jr. bought 12,800 shares during the past week at a price of $44.16 per share.
Tallgrass Energy owns, operates, acquires and develops midstream energy assets. Tallgrass Energy has a market cap of $3.25 billion; as of May 31, its shares traded at $45.26 with a P/E ratio of 25.17.
Tallgrass Energy reported total revenue of $145.41 million for the first quarter ended on March 31. The company’s total revenue increased from $114.68 million reported in the first quarter of 2015. Net income decreased from $24.88 million, or 47 cents per share, to $23.72 million, or 35 cents per share, in the same period.
Dehaemers bought 5,300 shares of Tallgrass Energy stock on May 26 at a price of $45.11 per share and bought 7,500 shares of Tallgrass Energy stock on May 27 at a price of $43.45 per share. Dehaemers owns at least 312,847 shares. The price of the stock has increased by 1.63%.
Director Terrance Daniel Towner bought 5,000 shares of Tallgrass Energy stock on Feb. 22 at a price of $32.36 per share. Towner owns at least 25,000 shares. The price of the stock has increased by 36.46%.
Baxter International: Chairman of the Board and CEO Jose E. Almeida bought 11,691 shares
Baxter International Inc. (BAX, Financial) Chairman and CEO Jose E. Almeida bought an 11,691-share stake on May 23 at a price of $43.31 per share.
Baxter International, a health care company, was incorporated in Delaware in 1931. Baxter International has a market cap of $23.8 billion; as of May 31, its shares traded at $43.16 with a P/E ratio of 6.05.
Baxter International reported income from continuing operations of $3.4 billion for the quarter ended on March 31, or $6.13 per diluted share.
Director John D. Forsyth sold 1,886 shares of Baxter International stock on March 14 at a price of $40.3 per share and sold 1,887 shares of Baxter International stock on April 4 at a price of $41.75 per share. Forsyth sold 1,887 shares of Baxter International stock on May 2 at a price of $44.38 per share and owns at least 24,433 shares. The price of the stock has decreased by 2.41%.
Director Albert P. L. Stroucken sold 5,660 shares of Baxter International stock on March 14 at a price of $40.33 per share. Stroucken owns at least 19,455 shares. The price of the stock has increased by 7.39%.
Director James R. Gavin III sold 5,660 shares of Baxter International stock on March 14 at a price of $40.34 per share. Gavin owns at least 27,772 shares. The price of the stock has increased by 7.36%.
Ambac Financial Group: CEO Tavakoli Nader bought 16,400 shares
Ambac Financial Group Inc. (AMBC, Financial) CEO Tavakoli Nader bought 16,400 shares on May 20 at a price of $16.46 per share.
Ambac is a financial services holding company incorporated in Delaware on April 29, 1991. Ambac has a market cap of $744.49 million; as of May 31, its shares traded at $16.49 per share with a P/E ratio of 2.61.
The company reported operating earnings of $218.1 million in the first quarter, or $4.82 per diluted share, compared to $481.0 million, or $10.64 per diluted share, in the fourth quarter of 2015. First quarter net income was $9.4 million, or 21 cents per diluted share, compared to net income of $387.0 million, or $8.56 per diluted share, for the fourth quarter of 2015.
Nader bought 16,100 shares of Ambac stock on Dec. 14, 2015 at a price of $13.22. Nader bought 61,496 shares of Ambac stock on Jan. 8 at a price of $12.82; he bought 28,390 shares of Ambac stock on March 31 at a price of $15.98; he bought 16,200 shares of Ambac stock on April 6 at a price of $14.84, and he bought 16,400 shares of Ambac stock on May 20 at a price of $16.15. Nader owns at least 195,887 shares. The price of the stock has increased by 1.92%.
Director Alexander David Greene bought 10,000 shares of Ambac stock on April 6 at a price of $15.05. Greene owns at least 13,000 shares. The price of the stock has increased by 9.37%.
Director David L. Herzog bought 12,820 shares of Ambac stock on March 31 at a price of $15.84. The price of the stock has increased by 3.91%.
Director Jeffrey Scott Stein bought 4,500 shares of Ambac stock on Jan. 7 at a price of $12.88. Stein owns at least 7,000 shares. The price of the stock has increased by 27.8%.
DSW: CEO Roger Rawlins bought 12,249 shares
DSW Inc. (DSW, Financial) CEO Roger Rawlins bought 12,249 shares on May 26 at an average price of $20.99.
DSW was incorporated in Ohio on Jan. 20, 1969. The company is a branded footwear specialty retailer in the U.S. DSW has a market cap of $1.73 billion; as of May 31, its shares traded at $21.16 per share with a P/E ratio of 15.49.
The company reported net income of $30.0 million for the fiscal quarter ended on April 30, or 36 cents per diluted share. Adjusted net income was $32.8 million, or 40 cents per diluted share, excluding acquisition-related costs. Sales increased 3.9% to $681 million, including $15.1 million from ebuys. Comparable sales decreased by 1.6% compared to last year's increase of 5.1%.
CEO Roger Rawlins bought 12,249 shares of DSW stock on May 26 at a price of $20.49 per share. Rawlins owns at least 20,657 shares. The price of the stock has increased by 2.44%.
Director Joseph A. Schottenstein bought 500,000 shares of DSW stock on Dec. 2, 2015 at a price of $22.87 per share. Schottenstein owns at least 1,047,429 shares. Executive Chairman and 10% owner Jay L. Schottenstein also bought 500,000 shares of DSW stock on Dec. 2, 2015 at a price of $22.87 per share. Jay Schottenstein owns at least 4,924,777 shares. The price of the stock has decreased by 8.22%.
For the complete list of stocks that have been bought by their company CEOs, go to: CEO Buys.
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