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Top Third-Quarter Guru-Owned Financial Services Companies

November 22, 2013 | About:
Monica Wolfe

Monica Wolfe

127 followers
Using the GuruFocus Aggregated Portfolio Screener you can filter results to see what companies maintain the highest amount of guru ownership. By using this screener, we filtered down to see which financial services companies are held by the largest number of gurus. As of the third quarter, the following five financial services-based stocks are held by the largest number of gurus.

Citigroup (C)

As of the close of the third quarter there were 43 guru owners of Citigroup. During the past quarter there were 16 gurus buying shares of C and there were 28 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 96.55%.

The top three guru shareholders of Citigroup:

1. James Barrow: 21,670,855 shares, representing 0.71% of the company’s shares outstanding and 1.7% of his total assets managed.

2. HOTCHKIS & WILEY: 11,578,455 shares, representing 0.38% of the company’s shares outstanding and 2.6% of the fund’s total portfolio.

3. Ken Fisher: 10,996,671 shares, representing 0.36% of the company’s shares outstanding and 1.3% of his total portfolio.

Citigroup is a global financial services holding company, whose businesses provide consumers, corporations, governments and institutions with a range of financial services such as consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.

Citigroup’s historical revenue and net income:

1385063985354.png

The analysis on Citigroup reports that the company’s revenue has been in decline over the past five years. It also notes that the company’s P/S ratio is nearing a 5-year high.

The company’s most recent quarterly financials highlighted:

· Net income of $3.2 billion, or diluted EPS of $1.00, up from a net income of $468 million, or $0.15 last year.

· Revenues of $17.9 billion, up from $13.7 billion last year.

· Citicorp Loans of $561 billion grew 5% from last year.

· Net credit losses declined 38% from last year to $2.4 billion.

The Peter Lynch Chart suggests that the company is currently undervalued:

1385064104807.png

Citigroup has a market cap of $157.17 billion. Its shares are currently being traded at around $51.82 with a P/E ratio of 13.20, a P/B ratio of 0.80 and a P/S ratio of 2.00.

Berkshire Hathaway (BRK.B)

As of the close of the third quarter there were 41 guru owners of Berkshire Hathaway. During the past quarter there were 15 gurus buying shares of BRK.B and there were 20 making sells of their stake in the company. These gurus maintain a combined weighting of 135.30%.

The top three guru shareholders of Berkshire Hathaway:

1. Bill Gates: 87,039,804 shares, representing 3.72% of the company’s shares outstanding and 50.8% of Gates’ total portfolio.

2. Meryl Witmer: 12,018,415 shares, representing 0.51% of the company’s shares outstanding and 6.6% of her total assets managed.

3. Ken Fisher: 5,136,928 shares, representing 0.22% of the company’s shares outstanding and 1.4% of his total portfolio.

Berkshire Hathaway is a conglomerate holding company owning subsidiaries engaged in a number of business activities, including property and casualty insurance and reinsurance, utilities and energy, finance, manufacturing, service and retailing.

Berkshire Hathaway’s historical revenue and net income:

1385065686626.png

The analysis on Berkshire Hathaway reports that the company’s price is near a 10-year high, it has shown predictable revenue and earnings growth and its operating margin is expanding.

The Peter Lynch Chart suggests that the company is currently undervalued:

1385065725047.png

Berkshire Hathaway has a market cap of $268.1 billion. Its shares are currently trading at around $114.71 with a P/E ratio of 14.20, a P/S ratio of 1.50 and a P/B ratio of 1.30. Berkshire Hathaway had an annual average earnings growth of 9.10% over the past ten years.

GuruFocus rated Berkshire Hathaway the business predictability rank of 3-star.

Wells Fargo & Co. (WFC)

As of the closed of the third quarter there were 41 guru shareholders of Wells Fargo. During the past quarter there were 15 gurus buying shares of WFC and 25 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 91.60%.

The top three guru shareholders of Wells Fargo:

1. Warren Buffett: 463,131,623 shares, representing 8.72% of the company’s shares outstanding and 20.8% of Buffett’s total portfolio.

2. Dodge & Cox: 74,262,403 shares, representing 1.4% of the company’s shares outstanding and 3.5% of their total portfolio.

3. Chris Davis: 58,932,056 shares, representing 1.11% of the company’s shares outstanding and 6.3% of his total portfolio.

Wells Fargo is a financial services companies, providing a range of retail banking and brokerage, asset and wealth management and corporate and investment banking products and services to customers.

Wells Fargo’s historical revenue and net income:

1385069644004.png

The analysis on Wells Fargo reports that the company’s operating margin is expanding, its dividend yield is close to a 3-year high, its price is near a 10-year high and its revenue has been in decline over the past three years.

The company’s third quarter financials reported:

· Net income of $5.6 billion, up 13% from last year.

· Diluted EPS of $0.99, up 13% from last year.

· Revenue of $20.5 billion, down from $21.2 billion.

· Total average loans are up $28 billion from last year.

· Nonperforming assets of $20.7 billion, down $4.6 billion.

The Peter Lynch Chart suggests that the company is currently undervalued:

1385069807566.png

Wells Fargo has a market cap of $232.88 billion. Its shares were traded at around $44.21 with a P/E ratio of 11.60, a P/S ratio of 2.79 and a P/B ratio of 1.50. The company offers a dividend yield of 2.60%. Wells Fargo had an annual average earnings growth of 3.70% over the past ten years.

Bank of America Corporation (BAC)

As of the close of the third quarter there were 38 guru owners of Bank of America. During the past quarter there were 16 gurus buying shares of BAC and there were 18 gurus making sells of their stake in the company. These gurus maintain a combined weighting of 90.16%.

The top three guru shareholders of Bank of America:

1. Dodge & Cox: 128,550,121 shares, representing 1.2% of the company’s shares outstanding and 2% of their total portfolio.

2. Bruce Berkowitz: 99,696,715 shares, representing 0.93% of the company’s shares outstanding and 16.3% of his total portfolio.

3. James Barrow: 83,736,733 shares, representing 0.78% of the company’s shares outstanding and 1.8% of his total assets managed.

Bank of America, through its subsidiaries, provides a diversified range of banking and non-banking financial services and products through five business segments: Deposits, Card Services, Consumer Real Estate Services, Global Commercial Banking, Global Banking & Markets and Investment Management.

Bank of America’s historical revenue and net income:

1385071422962.png

The analysis on Bank of America reports that the company’s dividend yield is near a 10-year low and that its revenue has been in decline over the past five years.

The company’s third quarter financials reported:

· Net income of $2.5 billion, or $0.20 per diluted share, up from $340 million last year.

· A revenue of $21.7 billion.

· More than 1 million new credit cards were issued during the third quarter.

· Pretax gain of $0.8 billion on sale of remaining china construction bank shares.

The Peter Lynch Chart suggests that the company is currently overvalued:

1385071372291.png

Bank of America has a market cap of $166.29 billion. Its shares are currently trading at around $15.59 with a P/E ratio of 23.80, a P/S ratio of 2.00 and a P/B ratio of 0.76.

American International Group (AIG)

As of the close of the third quarter there were 37 guru shareholders of American International Group. During the past quarter there were 11 gurus buying shares of AIG and there were 26 gurus making sells of their stake in the company. These gurus maintain a combined weighting 191.65%.

The top three guru shareholders of AIG:

1. Bruce Berkowitz: 84,931,830 shares, representing 5.75% of the company’s shares outstanding and 48.9% of his total portfolio.

2. Fairholme Fund: 79,280,825 shares representing 5.37% of the company’s shares outstanding and 51.2% of its total assets managed.

3. HOTCHKIS & WILEY: 13,624,257 shares representing 0.92% of the company’s shares outstanding and 3% of its total portfolio.

American International Group is a holding company which, through its subsidiaries, is engaged in a range of insurance and insurance-related activities in the United States and abroad.

AIG’s historical revenue and net income:

1385072244406.png

The analysis on AIG reports that the company’s dividend yield is near a 10-year low, its revenue has been in decline over the past five years and its P/S ratio is nearing a 5-year high.

The company’s recent third quarter results highlighted:

· Operating income attributable to AIG of $1.4 billion, or $0.96 per share.

· Net income of $2.2 billion, up from $1.9 billion last year.

· Diluted EPS was $1.46, compared to $1.13 last year.

· Cash dividends to AIG Parent from AIG Property Casualty and AIG Life and Retirement subsidiaries totaled $1.9 billion during the third quarter.

The Peter Lynch Chart suggests that the company is currently undervalued:

1385072358489.png

American International Group has a market cap of $72.94 billion. Its shares are currently trading at around $49.54 with a P/E ratio of 23.50, a P/S ratio of 1.10 and a P/B ratio of 0.70.

You can check out other top held sectors of the market by using the Aggregated Screener here.

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Rating: 1.8/5 (6 votes)

Comments

jongeorge
Jongeorge - 9 months ago
Some these posts are getting really repetitive

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