Insiders Bought Bank of America, TD Ameritrade, and More

An officer of Toronto-Dominion Bank, who serves as a Board member at TD Ameritrade Holding Corp. (NYSE:AMTD), purchased 3,500 shares at an average price of $19.08 per share. TD Ameritrade’s revenue and earnings were about flat last quarter versus a year earlier. With earnings multiples in the high teens, the company has to deliver better earnings growth in order to justify its valuation. SAC Capital Advisors, which is managed by billionaire Steve Cohen, added shares during the third quarter of 2012 and closed September with 3.7 million shares in its portfolio (see more of Cohen’s stock picks).

IHS Inc. (NYSE:IHS), a $6.8 billion market cap information and analysis company, recorded an insider buy on January 22nd at $99.26 per share. IHS reported double-digit growth rates of both sales and net income in its most recent fiscal quarter (which ended in November) compared to the same period in the previous fiscal year. While it is good to see strong growth, quite a bit of improvement is already priced in to the stock given the trailing earnings multiple of 44. Investors interested in this type of business should consider peers such as Dun & Bradstreet (NYSE:DNB) or Moody’s (NYSE:MCO).

A business related to Christopher Cline bought about $15 million in stock from Natural Resource Partners LP (NYSE:NRP); Cline is a Board member at the company and so this transaction had to be reported as an insider purchase. Natural Resource Partners is a lessor of coal mines in the U.S.; while the coal business has suffered over the past couple years due to low demand, investors such as George Soros and T. Boone Pickens have been buying shares in coal companies recently. Natural Resource Partners stands out for a dividend yield close to 10%, so income investors may want to consider it (though they should keep the macro factor of coal in mind).

Disclosure: I own no shares of any stocks mentioned in this article.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

Most Awesome Hip Hop Documentaries

Foods That Stain Your Teeth

Richest Doctors in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!