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%.

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Romick also reduced his position in

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

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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%.

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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.

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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.

This news has been published by title Steven Romick Exits Legg Mason, Trims Qualcomm, American Express Positions

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