Robert L. Rodriguez, CFA, is the chief executive officer of First Pacific Advisors (Trades, Portfolio) Capital, which bought shares in many companies in the first quarter:
The fund raised its stake in CIT Group Inc. (CIT) by 120.20% with an impact of 1.98% on the portfolio.
The company is a banking company. It provides financing, leasing and advisory services principally to middle market companies in industries primarily in North America, and equipment financing and leasing solutions to the transportation industry worldwide.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 10.90% and ROA of 1.86% that are outperforming 67% of the companies in the Global Banks - Regional - US industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.41 that is below the industry median of 2.86.
Steven Romick (Trades, Portfolio) is the company's second-largest shareholder among the gurus with 5.58% of outstanding shares followed by Lee Ainslie (Trades, Portfolio) with 2.18%, NWQ Managers (Trades, Portfolio) with 2.05%, John Paulson (Trades, Portfolio) with 1.74%, HOTCHKIS & WILEY with 1.16%, George Soros (Trades, Portfolio) with 0.69%, Michael Price (Trades, Portfolio) with 0.26% and John Keeley (Trades, Portfolio) with 0.13%.
The fund increased its stake in American Express Co. (AXP) by 87.96% with an impact of 1.48% on the portfolio.
The company is a payments, network and travel company that offers credit payment card products and travel-related services to consumers and businesses.
During the first quarter net income decreased 6% from a year ago and diluted earnings per share was $1.45, down from $1.48 a year ago.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 23.22% and ROA of 3.22% that are outperforming 59% of the companies in the Global Credit Services industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.50 that is far below the industry median of 9,999.
The largest shareholder among the gurus is Warren Buffett (Trades, Portfolio) with 15.94% of outstanding shares followed by Dodge & Cox with 2.77%, Barrow, Hanley, Mewhinney & Strauss with 2.18%, First Eagle Investment (Trades, Portfolio) with 1.64%, Chris Davis (Trades, Portfolio) with 1.49%, Ken Fisher (Trades, Portfolio) with 1.24% and Jeremy Grantham (Trades, Portfolio) with 0.55%.
The fund raised its stake in Bank of America Corp. (BAC) by 33.62% with an impact of 0.82% on the portfolio.
It is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and nonbanking financial services and products throughout the U.S. and in selected international markets.
During the first quarter loans in primary lending segments grew 11% from the same quarter of a year before, and deposits increased 6%.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with ROE of 5.45% and ROA of 0.72% that are underperforming 72% of the companies in the Global Banks - Global industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.70 that is below the industry median of 2.86.
Dodge & Cox is the company's largest shareholder among the gurus with 2.1% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.83%, HOTCHKIS & WILEY with 0.58%, Fisher with 0.42%, Bill Nygren (Trades, Portfolio) with 0.35%, Richard Pzena (Trades, Portfolio) with 0.29%, Romick with 0.23%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.21% and Charles Brandes (Trades, Portfolio) with 0.09%.
The fund increased its stake in American International Group Inc. (AIG) by 17.72% with an impact of 0.81% on the portfolio.
The company through its subsidiaries provides insurance and related services in the U.S. and abroad.
GuruFocus gives the stock a profitability and growth rating of 3 out of 10 with ROE of -0.46% and ROA of -0.09% that are underperforming 87% of the companies in the Global Insurance - Diversified industry. Financial strength has a rating of 5 out of 10 with cash to debt of 0.05 that is below the industry median of 119.27.
The largest shareholder among the gurus is Carl Icahn (Trades, Portfolio) with 3.97% of outstanding shares followed by HOTCHKIS & WILEY with 1.5%, Paulson with 1%, Romick with 0.84%, First Eagle Investment (Trades, Portfolio) with 0.74%, Nygren with 0.65%, Pzena with 0.59%, Barrow, Hanley, Mewhinney & Strauss with 0.48%, Richard Perry (Trades, Portfolio) with 0.47% and Grantham with 0.34%.
The fund raised its stake in Alcoa Inc. (AA) by 16.81% with an impact of 0.71% on the portfolio.
The company manufactures and engineers lightweight metals. Its products include aluminum, titanium and nickel, which are used in aircraft, automobiles, commercial transportation, packaging, oil and gas, defense and industrial applications among others.
First-quarter revenue decreased 15% year over year, and the company has $1.4 billion cash on hand.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with ROE of -4.55% and ROA of -1.38% that are outperforming 62% of the companies in the Global Aluminum industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.15 that is below the industry median of 8.79.
Paul Singer (Trades, Portfolio) is the company's largest shareholder among the gurus with 5.9% of outstanding shares followed by Romick with 4.32%, Manning & Napier Advisors Inc. with 2.28%, Mario Gabelli (Trades, Portfolio) with 0.21%, Steven Cohen (Trades, Portfolio) with 0.13%, Paul Tudor Jones (Trades, Portfolio) with 0.03% and Richard Snow (Trades, Portfolio) with 0.01%.
The fund increased its stake in Legg Mason Inc. (LM) by 107.19% with an impact of 0.66% on the portfolio.
It is an asset management company. The company through its subsidiaries provides related financial services to individuals, institutions, corporations and municipalities.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of -0.68% and ROA of -0.36% that are outperforming 67% of the companies in the Global Asset Management industry.
During the first quarter it reported net income of $94.5 million, or 84 cents per diluted share, as compared to $83.0 million, or 73 cents per diluted share, in the previous quarter, and net income of $72.2 million, or 61 cents per diluted share, in the first quarter of fiscal 2015.
Other notable shareholders among the gurus are Gabelli with 3.63% of outstanding shares followed by Pzena with 0.66%, Robert Olstein (Trades, Portfolio) with 0.48%, Louis Moore Bacon (Trades, Portfolio) with 0.28%, Joel Greenblatt (Trades, Portfolio) with 0.25%, Jim Simons (Trades, Portfolio) with 0.16% and Third Avenue Management (Trades, Portfolio) with 0.1%.
The fund raised its stake in Citigroup Inc. (C) by 14.74% with an impact of 0.62% on the portfolio.
The company is a financial services holding company. It provides financial products and services including consumer banking, credit cards, corporate and investment banking, securities brokerage and wealth management.
First quarter net income was $1.10 per diluted share on revenues of $17.6 billion. This compared to net income of $1.51 per diluted share on revenues of $19.7 billion for the first quarter 2015.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 6.76% that is underperforming and ROA of 0.89% that is outperforming 50% of the companies in the Global Banks - Global industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.69 that is below the industry median of 2.86.
Barrow, Hanley, Mewhinney & Strauss is the company's largest shareholder among the gurus with 0.72% of outstanding shares followed by HOTCHKIS & WILEY with 0.61%, Fisher with 0.41%, Romick with 0.38%, Diamond Hill Capital (Trades, Portfolio) with 0.34%, Pzena with 0.34%, Nygren with 0.31%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.18% and Sarah Ketterer (Trades, Portfolio) with 0.17%.
The fund increased its stake in United Technologies Corp. (UTX) 4.12% with an impact of 0.37% on the portfolio.
The company provides high technology products and services to the building systems and aerospace industries. Its business segments are Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems and Sikorsky.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 25.65% and ROA of 8.24% that are outperforming 86% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.31 that is below the industry median of 0.44.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.84% of outstanding shares followed by Davis with 1.06%, Fisher with 1%, Mason Hawkins (Trades, Portfolio) with 0.85%, Romick with 0.68%, Diamond Hill Capital (Trades, Portfolio) with 0.45% and PRIMECAP Management (Trades, Portfolio) with 0.16%.
The fund increased its stake in Oracle Corp. (ORCL) 4.12% with an impact of 0.37% on the portfolio.
The company develops, manufactures, markets, hosts and supports database and middleware software, application software, cloud infrastructure, hardware system including computer server, storage and networking products and related services.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 18.76% and ROA of 8.33% that are outperforming 76% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 7 out of 10 with cash to debt of 1.27 that is below the industry median of 13.06.
The largest shareholder among the gurus is First Eagle Investment (Trades, Portfolio) with 0.96% of outstanding shares followed by Barrow, Hanley, Mewhinney & Strauss with 0.87%, First Pacific Advisors (Trades, Portfolio) with 0.61%, Romick with 0.52%, Donald Yacktman (Trades, Portfolio) with 0.49%, Grantham with 0.4% and HOTCHKIS & WILEY with 0.38%.
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