Barclays 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.
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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.
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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.
Top Director Buys
Dart Group (DTG) Director name: Mr Mark LaurenceAmount purchased: 100,000 @ 45.00p Value: £45,000
CML Microsystems (CML) Director name: Mr Ronald J ShashouaAmount purchased: 40,525 @ 35.00p Value: £14,184
Barclays (BARC)Director name: Reuben Jeffrey IIIAmount purchased: 34,000 @ 303.79Value: £103,289
Top Director Sells
ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 305,198 @ 194.52p Value: £593,671
Imperial Tobacco Group (IMT) Director name: Mr Gareth DavisAmount sold: 23,323 @ 2,057.00p Value: £479,754
ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 241,540 @ 194.46p Value: £469,699
ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 237,000 @ 194.37p Value: £460,657
ARM Holdings (ARM) Director name: Mr Simon SegarsAmount sold: 224,000 @ 195.10p Value: £437,024
Victrex (VCT) Director name: Mr D R HummelAmount sold: 43,408 @ 811.00p Value: £352,039
Imperial Tobacco Group (IMT) Director name: Mr Robert DyrbusAmount sold: 14,800 @ 2,057.00p Value: £304,436
Imperial Tobacco Group (IMT) Director name: Mr Graham BlashillAmount sold: 10,597 @ 2,057.00p Value: £217,980
Victrex (VCT) Director name: Mr Michael PeacockAmount sold: 25,769 @ 811.00p Value: £208,987
Imperial Tobacco Group (IMT) Director name: Ms Alison CooperAmount sold: 3,629 @ 2,057.00p Value: £74,649
