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US non-exec buys Barclays shares
Wed, 08 Feb, 2012
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US non-exec buys Barclays shares
Wed, 17 Feb 2010, 17:14:00
<b>Barclays</b> non-executive director Reuben Jeffrey III acquired 8,500 American Depository Shares at $19.20 each following the recent results of the bank. Each ADS is equivalent to four shares so the American has acquired 34,000 shares at 304p each. This cost a total of £103,000. On top of this, Jeffrey, along with the other non-executive directors, used part of his director fees to buy 2,668 shares at 294.15p each. His total shareholding is equivalent to 62,841 shares. Jeffrey is a senior adviser at the Center for Strategic & International Studies in Washington, DC and before that was in the US government as Under Secretary of State for Economic, Energy and Agricultural Affairs. He previously worked for Goldman Sachs. The Barclays figures for 2009 were greeted positively. Profit before tax exceeded market expectations at £11.64bn, up from £6.08bn in 2008, helped by a £6.33bn profit on the disposal of Barclays Global Investors. Underlying pre-tax profit surged to £5.63bn from £1.64bn the year before. The group said the performance was driven by 'very strong income performance and cost containment.' Income hit a record level of £30.99bn, up 34% on 2008's £23.12bn. Income at Barclays Capital (BarCap) grew 84% to £17.86bn from £9.86bn in 2008. BarCap's profit before tax jumped 89% to £2.46bn from £1.30bn, after absorbing £1,820m of own credit losses (2008: gain of £1,663m). Analysts were mainly positive about the results. Most rate the shares a buy. Goldman Sachs rates Barclays shares as neutral but its target price of 348p a share is still well above the current share price. <b>Top Director Buys</b> Dart Group (DTG) Director name: Mr Mark Laurence Amount purchased: 100,000 @ 45.00p Value: £45,000 CML Microsystems (CML) Director name: Mr Ronald J Shashoua Amount purchased: 40,525 @ 35.00p Value: £14,184 Barclays (BARC) Director name: Reuben Jeffrey III Amount purchased: 34,000 @ 303.79 Value: £103,289 <b>Top Director Sells</b> ARM Holdings (ARM) Director name: Mr Simon Segars Amount sold: 305,198 @ 194.52p Value: £593,671 Imperial Tobacco Group (IMT) Director name: Mr Gareth Davis Amount sold: 23,323 @ 2,057.00p Value: £479,754 ARM Holdings (ARM) Director name: Mr Simon Segars Amount sold: 241,540 @ 194.46p Value: £469,699 ARM Holdings (ARM) Director name: Mr Simon Segars Amount sold: 237,000 @ 194.37p Value: £460,657 ARM Holdings (ARM) Director name: Mr Simon Segars Amount sold: 224,000 @ 195.10p Value: £437,024 Victrex (VCT) Director name: Mr D R Hummel Amount sold: 43,408 @ 811.00p Value: £352,039 Imperial Tobacco Group (IMT) Director name: Mr Robert Dyrbus Amount sold: 14,800 @ 2,057.00p Value: £304,436 Imperial Tobacco Group (IMT) Director name: Mr Graham Blashill Amount sold: 10,597 @ 2,057.00p Value: £217,980 Victrex (VCT) Director name: Mr Michael Peacock Amount sold: 25,769 @ 811.00p Value: £208,987 Imperial Tobacco Group (IMT) Director name: Ms Alison Cooper Amount sold: 3,629 @ 2,057.00p Value: £74,649
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