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Tiziano Frateschi
Tiziano Frateschi
Articles (1679)  | Author's Website |

Ken Fisher Sells Citigroup, American Express

Guru's largest sales of the first quarter

The CEO and Chief Investment Officer of Fisher Investments Ken Fisher (Trades, Portfolio) sold shares in the following stocks during the first quarter.

The guru almost sold out of his Barclays ETN FI Enhanced Global High Yield ETN (FIGY) position with a reduction of 93.07% and an impact of -2.09% on the portfolio.

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Even the Barclays ETN FI Enhanced Europe 50 ETN (FEEU)’s position was almost closed after a cut of 97.42%, impacting the portfolio by -0.63%.

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Fisher cut his Citigroup Inc. (C) stake with a reduction of 96.46%. The transaction had an impact of -0.45% on the portfolio.

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The financial services company has a market cap of $179.21 billion and an enterprise value of $300.04 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. Its return on equity (ROE) of -3.29% and return on assets (ROA) of -0.34% are underperforming 94% 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.

Barrow, Hanley, Mewhinney & Strauss is the largest shareholder of the company among the gurus with 0.57% of outstanding shares followed by Hothkis & Wiley with 0.41% and Bill Nygren (Trades, Portfolio) with 0.36%.

The holding ofAmerican Express Co. (AXP) was reduced by 14.21%. The trade had an impact of -0.23% on the portfolio.

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The payments, network and travel company has a market cap of $88.05 billion and an enterprise value of $114.21 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. While the ROE of 12.92% is outperforming the sector, ROA of 1.63% is underperforming 56% of companies in the Global Credit Services industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.56 is below the industry median of 8.43.

The largest shareholder of the company among the gurus is Warren Buffett (Trades, Portfolio) with 17.63% of outstanding shares followed by Dodge & Cox with 3.07% and Barrow, Hanley, Mewhinney & Strauss with 1.76%.

The guru exited his CalAtlantic Group Inc. (CAA)’s position. The transaction had an impact of -0.17% on the portfolio.

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The residential construction company has a market cap of $6.17 billion and an enterprise value of $10.03 billion.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 10.39% and ROA of 5.02% are outperforming 66% of companies in the Global Residential Construction industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.03 is below the industry median of 2.23.

Jeremy Grantham (Trades, Portfolio) is the largest shareholder of the company among the gurus with 0.4% of outstanding shares followed by John Paulson (Trades, Portfolio) with 0.04% and Paul Tudor Jones (Trades, Portfolio) with 0.01%.

The guru also closed his holding of DST Systems Inc. (DST) impacting the portfolio by -0.13%.

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The company is engaged in the software industry. It has a market cap of $4.98 billion and provides information processing and servicing solutions.

GuruFocus gives the company a profitability and growth rating of 7 out of 10. The ROE of 37.41% and ROA of 15.35% are outperforming 90% of companies in the Global Software – Infrastructure industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.13 is below the industry median of 8.37.

The largest shareholder of the company among the gurus is Diamond Hill Capital (Trades, Portfolio) with 1.36% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 0.34%, Chuck Royce (Trades, Portfolio) with 0.27% and Louis Moore Bacon (Trades, Portfolio) with 0.15%.

Fisher exited 41.45% of his holding in Goldman Sachs Group Inc. (GS). The trade had an impact of -0.1% on the portfolio.

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The company operates in capital market activities and has a market cap of $98.52 billion. Its activities are organized into investment banking, institutional client services, investing and lending, and investment management segments.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 5.00% and ROA of 0.53% are underperforming 58% of companies in the Global Capital Markets industry. Its financial strength is rated 4 out of 10 with a cash-debt ratio of 0.44.

Dodge & Cox is the largest shareholder of the company among the gurus with 3.04% of outstanding shares followed by Buffett with 2.89% and Spiros Segalas (Trades, Portfolio) with 0.5%.

The Tata Motors Ltd. ADR (TTM)’s holding was cut by 30.93%, impacting the portfolio by -0.08%.

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The automotive manufacturer has a market cap of $16.08 billion and an enterprise value of $21.09 billion.

GuruFocus gives the company a profitability and growth rating of 6 out of 10. The ROE of 29.81% and ROA of 6.80% are outperforming 64% of companies in the Global Auto Manufacturers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 0.48.

The largest shareholder of the company among the gurus is Fisher with 0.57% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 0.44% and Sarah Ketterer (Trades, Portfolio) with 0.02%.

Disclosure: I do not own any shares of any stocks mentioned in this article.

About the author:

Tiziano Frateschi
You can read about me on this blog: www.theextraincome.info

It gives suggestions on position trading.

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