Steven Romick Exits Legg Mason, Trims Qualcomm, American Express Positions

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 6.94% and ROA of 0.91% are underperforming 66% of companies in the Global Banks - Global industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.70 is below the industry median of 2.05.

The company's largest shareholder among the gurus is Buffett with 6.51% of outstanding shares, followed by Dodge & Cox with 1.63% and Barrow, Hanley, Mewhinney & Strauss with 0.58%.

The guru reduced his

Lenta Ltd. (LNTR.L) holding by 76.91%, impacting the portfolio by -0.38%.

View photos
d3eb6ad3692f1f4434182e49147c89b0.png

Romick also reduced his position in

Citigroup Inc. (NYSE:C) by 7.98%. The trade had an impact of -0.36% on the portfolio.

View photos
3ebda6a08eb43ac41a97b1eb7e743336.png

The bank has a market cap of $199.78 billion and an enterprise value of $304.73 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The ROE of 6.24% and ROA of 0.85% are underperforming 69% of companies in the Global Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.69 is below the industry median of 2.05.

Barrow, Hanley, Mewhinney & Strauss is the company's largest guru shareholder with 0.57% of outstanding shares, followed by Hotchkis & Wiley with 0.46%, Bill Nygren (Trades, Portfolio) with 0.36% and Diamond Hill Capital (Trades, Portfolio) with 0.33%.

The

Alcoa Corp. (AA) holding was reduced by 44.02%, impacting the portfolio by -0.34%.

View photos
36b894687be3075b6cd1e0f12f0957cd.png

The integrated aluminum company has a market cap of $10.53 billion and an enterprise value of $13.07 billion.

GuruFocus gives the company a profitability and growth rating of 3 out of 10. The ROE of 4.75% and ROA of 1.69% are outperforming 71% of companies in the Global Aluminum industry. Its financial strength is rated 6 out of 10. The cash-debt ratio is 0.80.

The largest shareholder of the company among the gurus is Paul Singer (Trades, Portfolio) with 4.55% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 1.17%, First Pacific Advisors (Trades, Portfolio) with 1.14% and Jim Simons (Trades, Portfolio) with 1.06%.

AON) position was reduced by 5.14%. The transaction had an impact of -0.26% on the portfolio." data-reactid="181">The investor's

Aon PLC (AON) position was reduced by 5.14%. The transaction had an impact of -0.26% on the portfolio.

View photos
9235dacae52c4ba8ae54c0b6671b3666.png

The insurance broker has a market cap of $33.8 billion and enterprise value of $37.45 billion.

GuruFocus gives the company a profitability and growth rating of 8 out of 10. The ROE of 31.05% and ROA of 6.43% are outperforming 78% of companies in the Global Insurance Brokers industry. Its financial strength is rated 5 out of 10. The cash-debt ratio is 0.40.

First Pacific Advisors (Trades, Portfolio) is the company's largest guru shareholder with 1.79% of outstanding shares, followed by Romick with 1.32% and Nygren with 1.04%.

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

This article first appeared on GuruFocus.

Source : https://finance.yahoo.com/news/steven-romick-exits-legg-mason-214849775.html

1673