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Tiziano Frateschi
Tiziano Frateschi
Articles (2569)  | Author's Website |

First Pacific Advisors Invests in American Express, AIG, Alcoa

Fund's largest buys in the 1st quarter

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

About the author:

Tiziano Frateschi
You can read about me on www.theextraincome.info, which gives suggestions on position trading.

Visit Tiziano Frateschi's Website


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