The largest Insider Buys this week were for JPMorgan Chase & Co. (JPM, Financial), BlackRock Inc. (BLK, Financial), Delta Air Lines Inc. (DAL, Financial), and Signet Jewelers Ltd. (SIG, Financial).
JPMorgan Chase & Co. (JPM, Financial): Director James S. Crown bought 7,280 shares
Director James S. Crown bought 7,280 shares of JPM stock on Jan. 18 at the average price of $113.37. The price of the stock has decreased by 0.32% since.
JPMorgan Chase & Co. is an American multinational banking and financial services holding company and the largest bank in the United States. 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 capitalization of $387.09 billion, and as of Jan. 19 it traded at $113.01.
On Jan. 12, JPMorgan Chase & Co. announced declared a preferred stock dividend of $0.340625 per depositary share for its 5.45% non-cumulative preferred series stock, series P. The company also declared a dividend of $0.418750 and $0.393750 on its 6.7% non-cumulative preferred stock, series T, and its 6.3% non-cumulative preferred stock, series W, respectively.
BlackRock Inc. (BLK, Financial): Director Deryck C. Maughan bought 3,861 shares
Director Deryck C. Maughan bought 3,861 shares of BLK stock on Jan. 17 at the average price of $573.44. The price of the stock has increased by 2.93% since.
BlackRock Inc. is an American international investment management corporation that is the world’s largest asset manager with $57.1 trillion in assets under management as of July 2017. The company operates 70 offices in 30 countries and clients in more than 100 countries. The company has a market capitalization of $95.27 billion, and as of Jan. 19 it traded at $590.26.
On Jan. 12 BlackRock Inc. reported full year 2017 financial results. Diluted earnings per share were $ 30.23, or $22.60 as adjusted. Full year operating income increased 15%, or 13% as adjusted. For the full year 2017, the company returned $2.8 billion to shareholders. The quarterly cash dividend also increased 15% to $2.88 per share.
Delta Air Lines Inc. (DAL, Financial): Director Francis S. Blake bought 3,350 shares
Director Francis S. Blake bought 3,350 shares of DAL stock on Jan. 12 at the average price of $59.76. The price of the stock has increased by 0.42% 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 capitalization of $42.79 billion, and as of Jan. 19 it traded at $60.01.
On Jan. 11, Delta Air Lines Inc. reported fourth quarter and full year 2017 financial results. GAAP pre-tax income was $1.1 billion for the quarter, while net income and $572 million and earnings per diluted were $0.80. GAAP pre-tax income for the full year 2017 was $5.7 billion and adjusted pre-tax income was $5.5 billion, resulting in $1.1 billion profit sharing for the company.
Signet Jewelers Ltd. (SIG, Financial): President of JamesAllen.com Oded Edelman bought 90,398 shares
President of JamesAllen.com Oded Edelman bought 90,398 shares of SIG stock on Jan. 12 at the average price of $55.31. The price of the stock has decreased by 0.43% since.
Signet Jewelers Ltd. is an American jewelry company domiciled in Bermuda. The company is the world’s largest retailer of diamond jewelry and owns and operates the companies Zale, Kay Jewelers, and Jared. The group operates mainly in the middle market jewelry segment and has number one positions in both the United States and United Kingdom jewelry markets. The company has a market capitalization of $3.33 billion, and as of Jan. 19 it traded at $55.07.
On Jan 10, Signet Jewelers Ltd. announced financial results for the fourth quarter of 2017 ended Dec. 30. Same store sales decreased by 5.3% while total sales decreased 3.1% for the quarter. Total sales were $1.881 billion, a decrease of 3.1% compared to $1.940 billion during the same quarter prior year. The company’s eCommerce sales increased 47.7% to $210.5 million compared to the same quarter prior year.
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.
