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Shuda Xia
Shuda Xia
Articles (372) 

Top Insider Buys Highlight for the Week of April 24

The largest Insider Buys this week were for Morgan Stanley (MS), Charles Schwab Corp. (SCHW), CarMax Inc. (KMX) and Citizens Financial Group Inc. (CFG)

April 26, 2020 | About:

According to GuruFocus data, the largest Insider Buys this week were for Morgan Stanley (NYSE:MS), Charles Schwab Corp. (NYSE:SCHW), CarMax Inc. (NYSE:KMX) and Citizens Financial Group Inc. (NYSE:CFG).

Morgan Stanley: Director Stephen J. Luczo bought 55,000 shares

Director Stephen J. Luczo bought 19,000 shares on April 17 at the average price of $38.68. The price of the stock has decreased by 1.84% since.

Morgan Stanley is an American international investment bank and financial services company. The company has offices in more than 42 countries and employs more than 55,000 individuals. The company’s clients include corporations, governments, institutions and individuals and is a component of the S&P 100. The company has a market capitalization of $59.82 billion, and as of April 24 it traded at $37.97.

On April 16, Morgan Stanley announced financial results for the first quarter of 2020, which ended on March 31. Net revenues for the quarter were $9.5 billion, compared with net revenues of $10.3 billion during the same quarter in the prior year. Net income was $1.7 billion, or $1.01 per diluted share, compared with net income of $2.4 billion, or $1.39 per diluted share, for the same quarter in the prior year.

Charles Schwab Corp: Director Mark A. Goldfarb bought 5,530 shares

Director Mark A. Goldfarb bought 5,530 shares on April 17 at the average price of $36.18. The price of the stock has decreased by 2.16% since.

Charles Schwab Corp. is a major American brokerage firm. The company provides services for both individuals and institutions that are investing online by offering an electronic trading platform for the purchase and sale of financial securities. The company also provides margin lending and cash management services. The company has a market capitalization of $45.57 billion, and as of April 24 it traded at $35.40.

On April 22, Charles Schwab Corp. announced that the company’s Board of Directors has declared a regular quarterly cash dividend of $0.18 per common share. The dividend is payable on May 22 to shareholders of record at the close of business on May 8.

CarMax Inc: Director Shira Goodman bought 1,550 shares

Director Shira Goodman bought 1,550 shares on April 17 at the average price of $63.91. The price of the stock has increased by 11.03% since.

CarMax Inc. is a Fortune 500 car retailer that is currently the largest used-car retailer in the U.S. The company is also a component of the S&P 500. The company has a market capitalization of $11.54 billion, and as of April 24 it traded at $70.96.

On April 14, CarMax Inc. announced new customer offerings amid the Covid-19 pandemic. The company is adding to its online shopping capabilities to include socially distanced and contactless curbside pickup at most open stores nationwide. The company also continues to offer home delivery at many open locations, where customers can complete the entire car-buying experience from home.

Citizens Financial Group Inc: Director Charles John Koch bought 25,000 shares

Director Charles John Koch bought 25,000 shares on April 22 at the average price of $19.53. The price of the stock has increased by 5.48% since.

Citizens Financial Group Inc. is an American banking company that operates in the states of Connecticut, Delaware, Maine, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, South Carolina, Rhode Island, Vermont and Pennsylvania. The company ranks as the 24th largest bank in the United States and is a component of the S&P 500. The company has a market capitalization of $8.79 billion, and as of April 24 it traded at $20.60.

On April 24, Citizens Financial Group Inc. announced that Kristin Silberberg has been appointed Head of Investor Relations. She succeeds Ellen Taylor, who is leaving the company on May 15.

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.

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