The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM, Financial), Wells Fargo & Co. (WFC, Financial), Delta Air Lines Inc. (DAL, Financial) and Bank of the Ozarks Inc. (OZRK, Financial).
JPMorgan Chase & Co. (JPM, Financial): Director James S. Crown bought 11,500 Shares
Director James S. Crown bought 11,500 shares of JPM stock on April 19 at the average price of $85.48. The price of the stock has decreased by 1.12% since.
JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the U.S. The company is also the world’s third largest bank by total assets, totaling roughly $2.5 trillion. The company offers services in investment banking, asset management, private banking and private wealth management. The company has a market cap of $308.76 billion, and as of April 21 it traded at $84.52.
On April 13, JPMorgan Chase & Co. declared dividends on the outstanding shares of each of the firm’s preferred stock. The dividend is $0.343750 per depositary share. The 5.45% non-cumulative preferred stock, series P, has a dividend of $136.25 per preferred share and $0.340625 per depositary share. The dividends are payable on June 1 to stockholders of record at the close of business on May 2.
Wells Fargo & Co. (WFC, Financial): Director Stephen W. Sanger bought 58,342 shares
Director Stephen W. Sanger bought 58,342 shares of WFC stock on April 17 at the average price of $51.65. The price of the stock has increased by 2.61% since.
Wells Fargo & Co. is an American international banking and financial services holding company. The bank is the world’s second largest bank by market capitalization and the third largest bank in the U.S. by assets. The company is the second largest bank in deposits, home mortgage servicing and debit cards. The company has a market cap of $275.52 billion, and as of April 21 it traded at $53.00.
On April 21, Wells Fargo & Co. announced that the company invested nearly $67 billion in lending capital and grants during 2016 toward achieving its 2020 corporate social responsibility goals that were set in early 2016. The investments aim to create solutions to address global challenges and strengthen communities through creating economic opportunities in underserved communities.
Delta Air Lines Inc. (DAL, Financial): Director Francis S. Blake bought 5,665 shares
Director Francis S. Blake bought 5,665 shares of DAL stock on April 17 at the average price of $44.12. The price of the stock has increased by 3.2% since.
Delta Air Lines Inc. is a major American airline, operating over 5,400 flights daily. The company serves an extensive domestic and international network, including 319 destinations in 54 countries on six continents. The company is also one of the four founding members of the SkyTeam airline alliance, operating joint ventures with other airlines such as China Eastern Airlines, Virgin Atlantic, Air France-KLM, and Korean Air. The company has a market cap of $33.51 billion, and as of April 21 it traded at $45.53.
On April 12, Delta Air Lines Inc. declared its March 2017 quarter profit. Adjusted pre-tax income for the March 2017 quarter was $847 million, a $713 million decrease from the March 2016 quarter. The company’s operating revenue for the March quarter is down $103 million compared to the prior year, including $20 million of lower year over year currency hedge gains.
Bank of the Ozarks Inc. (OZRK, Financial): Director Paula H. Cholmondeley bought 1,214 shares
Director Paula H. Cholmondeley bought 1,214 shares of OZRK stock on April 20 at the average price of $49.36. The price of the stock has decreased by 2.07% since.
Bank of the Ozarks Inc. is an American banking and financial services holding company. The company has more than 255 locations in Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama, California and New York. The company is the third largest bank based in Arkansas. The company has a market cap of $6.21 billion, and as of April 21 it traded at $48.34.
On April 11, Bank of the Ozarks Inc. announced its first quarter 2017 earnings. The company had a record net income of $89.2 million for the first quarter of 2017, a 72.6% increase from $57.1 million for the first quarter of 2016. Diluted earnings per common share for the first quarter of 2017 were 73 cents, a 28.1% increase from the first quarter of 2016.
For the complete list of stocks that were bought by their company executives, go to: Insider Trades.
Disclosure: I do not own stock in any of the companies mentioned in the article.
