Ken Fisher (Trades, Portfolio) is the chief executive officer and chief investment officer of Fisher Investments.The guru’s largest third-quarter trades are the following:
The guru increased his stake in Goldman Sachs Group Inc. (GS, Financial) by 693.08%, with an impact of 0.52% on the portfolio.
Goldman Sachs is an investment banking, securities and investment management firm. Its segments are Investment Banking, Trading and Principal Investments, Asset Management and Securities Services. Third quarter net revenues were 17% higher than the third quarter a year before and 2% higher than a quarter before.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with a return on equity (ROE) of 6.32% that is outperforming and a return on assets (ROA) of 0.66% that is underperforming 57% of the companies in the Global Capital Markets industry.
The largest shareholder among the gurus is Dodge & Cox with 3.78% of outstanding shares, followed by Warren Buffett (Trades, Portfolio) with 2.78%, Bill Nygren (Trades, Portfolio) with 0.43%, Richard Pzena (Trades, Portfolio) with 0.42% and Hotchkis & Wileywith 0.38%.
The investor reduced his stake in Citigroup Inc. (C, Financial) by 31.89%, with an impact of -0.31% on the portfolio.
Citigroup is a financial services holding company. Third quarter net income was $3.8 billion, or $1.24 per diluted share, on revenues of $17.8 billion compared to net income of $4.3 billion, or $1.35 per diluted share, on revenues of $18.7 billion for the same quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 5 out of 10 with a ROE of 5.94% and a ROA of 0.82% that are underperforming 68% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10. Its cash to debt ratio of 0.65 is below the industry median of 2.08.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholders with 0.73% of outstanding shares, followed by Hotchkis & Wiley with 0.64%, First Pacific Advisors (Trades, Portfolio) with 0.51%, Steven Romick (Trades, Portfolio) with 0.36%, Diamond Hill Capital (Trades, Portfolio) with 0.35%, Nygren with 0.34% and Pzena with 0.32%.
The guru reduced his position in Bank of America Corp. (BAC, Financial) by 17.36%, with an impact of -0.19% on the portfolio.
Bank of America is a bank holding and a financial holding company. Through its subsidiaries, it provides banking and non-banking financial services and products throughout the U.S. and in selected international markets. During the third quarter, revenue grew 3% and net interest had an increase of 3%.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with a ROE of 5.16% and a ROA of 0.7% that are underperforming 73% of the companies in the Global Banks – Global industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.60 is below the industry median of 2.08%.
The largest shareholder of the company among the gurus is Dodge & Cox with 2.2% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 0.83%, Hotchkis & Wiley with 0.6%, Nygren with 0.33%, First Pacific Advisors (Trades, Portfolio) with 0.32%, Pzena with 0.28% and Romick with 0.25%.
The investor reduced his position in Credit Suisse Group AG ADRÂ (CS, Financial) by 87.09%, with an impact of -0.18% on the portfolio.
The company provides banking and financial services. It operates in two segments: Private Banking and Wealth Management and Investment Banking.
GuruFocus gives the stock a profitability and growth rating of 4 out of 10 with a ROE of -14.61% and a ROA of -0.77% that are underperforming 95% of the companies in the Global Banks - Global industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.54 is below the industry median of 2.08.
The largest shareholder among the gurus is Charles Brandes (Trades, Portfolio) with 0.3% of outstanding shares, followed by Dodge & Cox with 0.07%, Jim Simons (Trades, Portfolio) with 0.05% and Jeff Auxier (Trades, Portfolio) with 0.01%.
The guru increased his position in Bayerische Motoren Werke AG ADRÂ (BMWYY, Financial) by 264.76%, with an impact of 0.17% on the portfolio.
The company manufactures and sells cars and motorcycles. It operates in three segments: Automobiles, Motorcycles and Financial Services.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with a ROE of 15.93% and a ROA of 3.90% that are outperforming 51% of the companies in the Global Auto Manufacturers industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.15 is below the industry median of 0.72.
Fisher is the largest shareholder of the company among the gurus with 0.24% of outstanding shares.
The guru reduced his stake in Daimler AG ADRÂ (DDAIY, Financial) by 24.24%, with an impact of -0.17% on the portfolio.
The company develops, manufactures, distributes and sells automotive products, passenger cars, trucks, vans and buses. During the third quarter, the company reported a 4% increase in revenue and a 5% increase in unit sales.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with a ROE of 15.61% and a ROA of 3.66% that are underperforming 51% of competitors in the Global Auto Manufacturers industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.26 is below the industry median of 0.72.
The investor increased his position in NXP Semiconductors NVÂ (NXPI, Financial) by 115.84%, with an impact of 0.17% on the portfolio.
NXP is a semiconductor company providing high performance mixed signal and standard product solutions. Its solutions are used for automotive, identification, wireless infrastructure, industrial, mobile, consumer and computing applications.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with a ROE of 7.24% and a ROA of 2.98% that are outperforming 55% of the companies in the Global Semiconductors industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.17 is below the industry median of 1.66.
Spiros Segalas (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.06% of outstanding shares, followed by David Tepper (Trades, Portfolio) with 0.42%, Steven Cohen (Trades, Portfolio) with 0.09%, Louis Moore Bacon (Trades, Portfolio) with 0.06%, Signature Select Canadian Fund (Trades, Portfolio) with 0.03% and Tom Gayner (Trades, Portfolio) with 0.01%.
The guru increased his position in Cie Financiere Richemont SA ADRÂ (CFRUY, Financial) by 287.05%, with an impact of 0.16% on the portfolio.
The company offers luxury goods in Switzerland and internationally. It designs, manufactures and distributes jewelry, precision timepieces, writing instruments, watches and leather goods.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with a ROE of 15.49% and a ROA of 11.34% that are outperforming 77% of the companies in the Global Luxury Goods industry. Financial strength has a rating of 8 out of 10. Its cash-debt ratio of 3.17 is above the industry median of 0.90.
The guru increased his position in Capital One Financial Corp. (COF, Financial) by 607.86%, with an impact of 0.15% on the portfolio.
Capital One is a financial services holding company. The company, along with its subsidiaries, markets financial products and services.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with a ROE of 7.64% and a ROA of 1.17% that are underperforming 59% of the companies in the Global Credit Services industry. Financial strength has a rating of 5 out of 10. Its cash-debt ratio of 0.16 is below the industry median of 6.28.
Dodge & Cox is the largest shareholder of the company among the gurus with 10.21% of outstanding shares, followed by Barrow, Hanley, Mewhinney & Strauss with 4.11%, Hotchkis & Wiley with 1.21%, Diamond Hill Capital (Trades, Portfolio) with 1.04%, Nygen with 0.97%, Chris Davis (Trades, Portfolio) with 0.79% and Pzena with 0.29%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
Start a free 7-day trial of Premium Membership to GuruFocus.
