GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Weekly CEO Buys Highlight: GFI Group Inc, Huntington Bancshares Inc, BOK Financial Corp, PrivateBancorp Inc, First BanCorp.

guruyt

guruyt

4 followers
Last week's top five stocks that were bought by their CEOs were GFI Group Inc, Huntington, Bancshares Inc, BOK Financial Corp, PrivateBancorp Inc, and First BanCorp. According to GuruFocus Insider Data, these are the largest CEO buys during the past week.

GFI Group Inc. (GFIG): Chairman and CEO, 10% Owner Michael Gooch Bought 400,000 Shares

Chairman and CEO, 10% Owner of GFI Group Inc. (GFIG) Michael Gooch bought 400,000 shares during the past week at an average price of $4.72. GFI Group is a leading inter-dealer broker specializing in over-the- counter derivatives products and related securities.

GFI Group Inc. provides brokerage services market data and analytics software products to institutional clients in markets for a range of credit financial equity and commodity instruments. Headquartered in New York GFI has additional offices in London Hong Kong Tokyo Singapore and Sydney. GFI clients include leading banks broker-dealers trading houses funds and insurance and energy companies. Its brands include GFI GFInet and FENICS. Gfi Group Inc. has a market cap of $556.6 million; its shares were traded at around $4.72 with a P/E ratio of 12.5 and P/S ratio of 0.5. The dividend yield of Gfi Group Inc. stocks is 4.3%.

GFI recently reported its third quarter results. The company announced that its Total revenues for the third quarter of 2009 were $192.2 million compared with $243.1 million in the third quarter of 2008. In the third quarter of 2009, total revenues included a $5.2 million mark-to-market unrealized loss on forward hedges of future foreign currency revenues. In the third quarter of 2008, total revenues included a $9.6 million pre-tax charge related to the bankruptcy of Lehman Brothers. Excluding these items, revenues declined 22% to $197.5 million for the third quarter of 2009 compared with $252.7 million in the third quarter of 2008 on a non-GAAP basis.

Sell:: Executive Vice President J Christopher Giancarlo sold 3,370 shares of GFIG stock on 09/15/2009 at the average price of 7.49, the price of the stock has decreased by 36.98% since. Many other insiders have also decreased their positions in the company.

Huntington Bancshares Inc. (HBAN): President, CEO & Chairman Stephen D Steinour Bought 139,000 Shares

President, CEO & Chairman of Huntington Bancshares Inc. (HBAN) Stephen D Steinour bought 139,000 shares on 11/03/2009 at an average price of $3.87. Huntington Bancshares is a multi-state bank holding company. It has a market cap of $2.71 billion; its shares were traded at around $3.87 with and P/S ratio of 1.2. The dividend yield of Huntington Bancshares Inc. stocks is 1%.

Huntington Bancshares Incorporated reported a 2009 third quarter net loss of $166.2 million, or $0.33 per common share. “We believe it is in the best interest of our shareholders to position Huntington for a return to profitability as soon as possible,” said Stephen D. Steinour, chairman, president, and chief executive officer. “Fundamental to achieving this objective is growth in pre-tax, pre-provision income, a strong capital position, a liquid balance sheet, and a lower-risk loan portfolio. We made significant progress in each of these areas this past quarter.”

Buy:: Sr EVP of Principal Sub Daniel B Benhase bought 10,000 shares of HBAN stock on 11/05/2009 at the average price of 3.76, the price of the stock has increased by 2.93% since. Many other insiders, along with the company's CEO, have also increased their positions in the company.

BOK Financial Corp. (BOKF): President & CEO Stanley A Lybarger Bought 7,700 Shares

President & CEO of BOK Financial Corp. (BOKF) Stanley A Lybarger bought 7,700 shares on 11/03/2009 at an average price of $43.41. BOK FINANCIAL CORP. through its subsidiaries provides a wide range of financial services to commercial and intrial customers other financial institutions and consumers throughout Oklahoma Northwest Arkansas and North Texas. The company has a market cap of $2.94 billion; its shares were traded at around $43.41 with a P/E ratio of 15.1 and P/S ratio of 2. The dividend yield of Bok Financial Corp. stocks is 2.2%.

John Keeley bought 108,200 shares in the quarter that ended on 06/30/2009, which is 0.07% of the $5.82 billion portfolio of Keeley Fund Management. David Dreman owns 73,700 shares as of 06/30/2009, which accounts for 0.09% of the $3.12 billion portfolio of Dreman Value Management.

BOK recently reported its third quarter results. Net income for the nine months ended September 30, 2009 totaled $157.8 million or $2.33 per diluted share compared with $117.8 million or $1.74 per diluted share for the nine months ended September 30, 2008. Net income for the nine months ended September 30, 2008 was impacted by $67.6 million of pre-tax charges for loan and energy derivative credit exposure related to a customer bankruptcy filing which reduced net income by approximately $43.9 million or $0.65 per diluted share.

Buy:: Sr. VP - Corporate Admin. Stacy Kymes bought 490 shares of BOKF stock on 10/30/2009 at the average price of 42.99, the price of the stock has increased by 0.98% since. Buy:: President - Bank of Arizona Ryan Suchala bought 793 shares of BOKF stock on 06/18/2009 at the average price of 37.16, the price of the stock has increased by 16.82% since.

PrivateBancorp Inc. (PVTB): President and CEO Larry D. Richman Bought 26,000 Shares

President and CEO of PrivateBancorp Inc. (PVTB) Larry D. Richman bought 26,000 shares on 10/30/2009 at an average price of $10.1. PRIVATEBANCORP is a bank holding company for The PrivateBank and Trust Company. Privatebancorp Inc. has a market cap of $479.9 million; its shares were traded at around $10.1 with and P/S ratio of 1. The dividend yield of Privatebancorp Inc. stocks is 0.5%. Privatebancorp Inc. had an annual average earning growth of 5.9% over the past 5 years.

PrivateBancorp recently reported its third quarter results. The company announced that it had a net loss of $31.2 million, or $0.68 per diluted share, for the third quarter ended September 30, 2009, compared with a net loss of $7.8 million, or $0.25 per diluted share, for the third quarter 2008. For the nine months ended September 30, 2009, the net loss was $23.9 million, or $0.62 per diluted share, compared to a net loss of $30.7 million, or $1.07 per diluted share, for the prior year period.

"Despite the earnings setback this quarter, we are meeting many of the goals of our Strategic Growth Plan and, most importantly, we remain well-positioned to seize market opportunities that drive long-term shareholder value," said Larry D. Richman, President and Chief Executive Officer, PrivateBancorp, Inc. "The ongoing weakness in the economy continues to impact our loan portfolio, and we are taking steps to address these credit quality issues. At the same time, we have not lost sight of our fundamental belief in serving our clients and our communities, and you can see evidence of those successes in our deposit and loan growth, which continue to drive our core performance."

John Keeley owns 1,652,370 shares as of 06/30/2009, which accounts for 0.63% of the $5.82 billion portfolio of Keeley Fund Management. John Rogers owns 3,327,820 shares as of 06/30/2009, which accounts for 2% of the $3.7 billion portfolio of ARIEL CAPITAL MANAGEMENT LLC.

Buy:: CFO Kevin M Killips bought 10,000 shares of PVTB stock on 10/30/2009 at the average price of 9.23, the price of the stock has increased by 9.43% since. Other insiders have also increased their positions in the company.

First BanCorp. (FBP): President & CEO Aurelio Aleman Bought 100,000 Shares

President & CEO of First BanCorp. (FBP) Aurelio Aleman bought 100,000 shares on 11/03/2009 at an average price of $1.92. First Bancorp distinguished itself by providing innovative marketing strategies and novel products to attract clients. Besides the branches and lending offices the Corporation has offered a telephone information service called `Telebanco` since 1983. This was the first telebanking service offered in Puerto Rico. The Corporation's clients have access to an extensive ATM network all over the world. The Corporation was the first in Puerto Rico to open on weekends and the first to offer in-store branches to its clients. First Bancorp. has a market cap of $177.8 million; its shares were traded at around $1.92 with and P/S ratio of 0.1. First Bancorp. had an annual average earning growth of 11.1% over the past 10 years.

First Bancorp recently reported its second quarter results. The company announced that its second quarter net income was $35 million, compared to $5.3 million in the second quarter of 2008. The company realized a $53.8 million gain related the the acquisition of Cooperative Bank.

Arnold Schneider owns 2,588,250 shares as of 06/30/2009, which accounts for 0.71% of the $1.44 billion portfolio of Schneider Capital Management.

Buy:: Director Cortada Jose Menendez bought 10,000 shares of FBP stock on 11/03/2009 at the average price of 1.88, the price of the stock has increased by 2.13% since.

For the complete list of stocks that bought by their company CEOs, go to: CEO Buys.

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

» Take a Free Trial of Premium Membership


Rating: 3.3/5 (12 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Email Hide