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Kenneth Fisher recent bank activity: JPMorgan Chase & Co., Citigroup Inc., UBS AG, Glacier Bancorp Inc.

September 20, 2009 | About:
Karl

Karl

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Kenneth L. Fisher is the founder, chairman, and CEO of Fisher Investments. He is author of six books and listed on the Forbes 400 list of the richest Americans. In 2008, he was named to Investment Advisor magazine's IA 25, the list of the 25 most influential people in and around the investment advisory business.

He is best known for his prestigious Forbes "Portfolio Strategy" column, where his 25 year tenure of high profile calls makes him the fourth-longest running columnist in Forbes' 90-year history. In a recent Forbes article, Fisher declared that the bear market is over. In that article, the following excerpt can be found:
I have been saying for a while that stocks are dirt cheap, as measured by the degree to which prospective earnings yields exceed long-term interest rates globally. Stocks are also low in relation to commodity prices.

- complete article


Gurufocus tracks a select group of value investors with track records that are worth talking about. To demonstrate this, over the past 3 months Ken Fisher has outperformed the S&P 500 by about 4%. This can be seen in the chart below:




Fisher is currently heavily invested into Technology, Financial, Consumer Goods, Industrial, and Oil&Gas companies. Below are some of the banks that he and some of his contemporaries have recently been buying.


JPM - JPMorgan Chase & Co.

J.P. Morgan Chase & Co. is a leading global financial services firm. The firm is a leader in investment banking asset management private banking private equity custody and transaction services and retail and middle market financial services. A component of the Dow Jones Industrial Average JPMorgan Chase is headquartered in New York and serves more than 30 million consumer customers and the world's most prominent corporate institutional and government clients. Jpmorgan Chase & Co. has a market cap of $176.77 billion; its shares were traded at around $44.95 with a P/E ratio of 115.26 and P/S ratio of 2.63. The dividend yield of Jpmorgan Chase & Co. stocks is 0.44%.

Ken Fisher increased his position in JPM in the recent quarter by 6.62%. George Soros, Michael Price, Ken Heebner, Lee Ainslie, Andreas Halvorsen, Mark Hillman, Ruane Cunniff and John Paulson have also recently bought JPM stock.


C - Citigroup Inc.

Citigroup Inc. the leading global financial services company has some two hundred million customer accounts and does business in more than hundred countries providing consumers corporations governments and institutions. Citigroup Inc. has a market cap of $23.46 billion; its shares were traded at around $4.26 with and P/S ratio of 0.44. Citigroup Inc. had an annual average earning growth of 5.1% over the past 10 years.

Ken Fisher increased his position in C in the recent quarter by 22.84%. Irving Kahn has also been a recent buyer of C.


UBS - UBS AG

UBS AG is one of the world's leading financial firms combining financial strength with a reputation for innovation and a global culture that embraces change. UBS is the world's largest wealth manager a premier investment banking and securities firm and one of the largest global asset managers. In Switzerland UBS is the market leader in retail and commercial banking. Ubs Ag has a market cap of $59.64 billion; its shares were traded at around $18.75 with and P/S ratio of 0.72. Ubs Ag had an annual average earning growth of 101.2% over the past 5 years.

Ken Fisher increased his position in UBS in the recent quarter by 1.18%. Sarah Ketterer has also been a recent buyer of UBS.


GBCI - Glacier Bancorp Inc.

Glacier Bancorp Inc. is a bank holding company. Glacier Bancorp Inc. has a market cap of $942.49 million; its shares were traded at around $15.32 with a P/E ratio of 15.02 and P/S ratio of 2.59. The dividend yield of Glacier Bancorp Inc. stocks is 3.39%. Glacier Bancorp Inc. had an annual average earning growth of 11.9% over the past 5 years.

Ken Fisher increased his position in GBCI in the recent quarter by 0.52%. John Keeley has also been a recent buyer of GBCI.


Useful Links

For more information on Ken Fisher’s holdings, follow this link. For more information on Ken Fisher’s sector/industry weightings, follow this link.

About the author:

Karl
Karl is currently a software engineer in Connecticut with a bachelors of science in electrical engineering from Clarkson University. He has been investing since 2001 and interested in value investing since 2005. Karl is continually striving to learn more about investment.

Rating: 3.6/5 (14 votes)

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