Investors who take an interest in Svenska Handelsbanken AB (publ) (STO:SHB A) should definitely note that the President, Carina Akerstrom, recently paid kr99.93 per share to buy kr1.0m worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 37%.
Svenska Handelsbanken Insider Transactions Over The Last Year
The Vice Chairman of the Board Fredrik Lundberg made the biggest insider purchase in the last 12 months. That single transaction was for kr51m worth of shares at a price of kr103 each. So it's clear an insider wanted to buy, even at a higher price than the current share price (being kr98.16). Their view may have changed since then, but at least it shows they felt optimistic at the time. We always take careful note of the price insiders pay when purchasing shares. As a general rule, we feel more positive about a stock if insiders have bought shares at above current prices, because that suggests they viewed the stock as good value, even at a higher price.
Svenska Handelsbanken insiders may have bought shares in the last year, but they didn't sell any. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Does Svenska Handelsbanken Boast High Insider Ownership?
Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Svenska Handelsbanken insiders own about kr2.4b worth of shares (which is 1.2% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
What Might The Insider Transactions At Svenska Handelsbanken Tell Us?
The recent insider purchase is heartening. And the longer term insider transactions also give us confidence. When combined with notable insider ownership, these factors suggest Svenska Handelsbanken insiders are well aligned, and quite possibly think the share price is too low. Looks promising! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Svenska Handelsbanken. For example - Svenska Handelsbanken has 1 warning sign we think you should be aware of.
But note: Svenska Handelsbanken may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About OM:SHB A
Svenska Handelsbanken AB (publ) provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, the United States, Luxembourg, China, Germany, France, and Poland.
Established dividend payer with proven track record.