The asset management firm T Rowe Price Equity Income Fund (Trades, Portfolio) sold shares in the following stocks during the first quarter.
The firm sold 61.25% of its Ameriprise Financial Inc. (AMP) position, impacting the portfolio by -0.58%.
The financial services company has a market cap of $21.05 billion and an enterprise value of $23.73 billion.
GuruFocus gives the company a profitability and growth rating of 6 out of 10. Its return on equity (ROE) of 23.82% and return on assets (ROA) of 1.03% are outperforming 63% of companies in the Global Asset Management industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 0.49.
Pioneer Investments (Trades, Portfolio) is another notable shareholder of the company among the gurus with 0.32% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 0.11% and Steven Cohen (Trades, Portfolio) with 0.06%.
The holding of Illinois Tool Works Inc. (ITW) was reduced by 64.81%. The trade had an impact of -0.41% on the portfolio.
The company manufactures diversified range of industrial products and equipment. It has a market cap of $53.59 billion and an enterprise value of $58.82 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 36.47% and ROA of 10.58% are outperforming 86% of companies in the Global Diversified Industrials industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.37 is below the industry median of 1.04.
The largest shareholder of the company among the gurus is Pioneer Investments (Trades, Portfolio) with 0.15% of outstanding shares followed by John Rogers (Trades, Portfolio) with 0.13% and Tom Gayner (Trades, Portfolio) with 0.07%.
The guru exited its Exelon Corp. (EXC) position. The transaction had an impact of -0.39% on the portfolio.
The company is engaged in the utilities sector. It has a market cap of $37.7 billion and an enterprise value of $47.45 billion.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 13.67% and ROA of 3.23% are outperforming 53% of companies in the Global Utilities – Diversified industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.03 is below the industry median of 0.25.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus with 0.35% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.05% and Pioneer Investments (Trades, Portfolio) with 0.05%.
The guru also cut its holding of State Street Corporation (STT) by 19.31%. The trade had an impact on the portfolio of -0.35%.
The financial holding company has a market cap of $37.13 billion. It provides services to mutual funds and corporate and public retirement plans.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the ROE of 9.11% is outperforming the sector, ROA of 0.91% is underperforming 65% of companies in the Global Asset Management industry. Its financial strength is rated 5 out of 10 with a cash-debt ratio of 5.43.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 1.41% of outstanding shares followed by Bill Nygren (Trades, Portfolio) with 1.28% and Richard Pzena (Trades, Portfolio) with 0.75%.
The firm exited 40.33% of its holding in Northern Trust Corp. (NTRS). The trade had an impact of -0.29% on the portfolio.
The provider of asset servicing, fund administration, asset management, fiduciary and banking solutions has a market cap of $24.01 billion and an enterprise value of $33.21 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the ROE of 11.26% is outperforming the sector, ROA of 0.94% is underperforming 63% of companies in the Global Asset Management industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.55.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.27% of outstanding shares followed by Rogers with 0.82% and Mario Gabelli (Trades, Portfolio) with 0.3%.
The Citigroup Inc. (C)’s position was cut by 14.54%, impacting the portfolio by -0.23%.
The financial services company has a market cap of $177.83 billion and an enterprise value of $298.66 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of -3.29% and ROA of -0.34% are underperforming 95% of companies in the Global Banks – Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.74 is below the industry median of 2.12.
The largest shareholder of the company among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.57% of outstanding shares followed by Hotchkis & Wiley with 0.41% and Nygren with 0.36%.
The stake of Kohl's Corp. (KSS) was reduced by 26.50%. The transaction had an impact of -0.21% on the portfolio.
The broadlines retailer has a market cap of $10.39 billion and an enterprise value of $13.72 billion. The company also has an e-commerce platform.
GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 16.74% and ROA of 6.40% are outperforming 71% of companies in the Global Department Stores industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.28 is below the industry median of 1.02.
Pioneer Investments (Trades, Portfolio) is the largest shareholder of the company among the gurus with 1.15% of outstanding shares followed by Hotchkis & Wiley with 0.54% and Lee Ainslie (Trades, Portfolio) with 0.16%.
The guru sold 76.35% of its Diageo PLC (LSE:DGE) stake, impacting the portfolio by -0.19%.
The JPMorgan Chase & Co. (JPM)’s position was cut by 4.64%. The transaction had an impact of -0.19% on the portfolio.
The financial services firm and banking institution has a market cap of $375.24 billion and an enterprise value of $279.46 billion.
GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 9.69% and ROA of 1.04% are outperforming 53% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.23 is below the industry median of 2.12.
The largest shareholder of the company among the gurus is Dodge & Cox with 0.75% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.68% and Chris Davis (Trades, Portfolio) with 0.37%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
