U.S. Markets closed

Ken Fisher Curbs Total, ING Groep Stakes

Ken Fisher (Trades, Portfolio)'s Fisher Investments sold shares of the following stocks in the second quarter.

The guru trimmed 21.22% off his Total SA (NYSE:TOT) stake. The trade had an impact of -0.25% on the portfolio.

5dc6dc1947a82bbf262ecdbf381e6ca8.png

The integrated oil and gas company has a market cap of $131 billion and an enterprise value of $165.51 billion.

GuruFocus gives the company a profitability and growth rating of 5 out of 10. The return on equity of 9.29% and return on assets of 4.20% are underperforming 59% of companies in the Oil and Gas - Integrated industry. Its financial strength is rated 6 out of 10. The cash-debt ratio of 0.49 is above the industry median of 0.35.

The largest guru shareholder of the company is Fisher with 0.54% of outstanding shares, followed by the T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.29% and Pioneer Investments (Trades, Portfolio) with 0.05%.

Fisher curbed his ING Groep NV (NYSE:ING) holding by 22.25%. The portfolio was impacted by -0.15%.

a79bfd9cbe447b437090bc63aeb223c4.png

The financial institution has a market cap of $41.55 billion and an enterprise value of $101.62 billion.


GuruFocus gives the company a profitability and growth rating of 3 out of 10. While the return on equity of 9.82% is outperforming the sector, the return on assets of 0.54% is underperforming 80% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.60 is below the industry median of 1.12.

The largest guru shareholder of the company is Fisher with 0.93% of outstanding shares, followed by NWQ Managers (Trades, Portfolio) with 0.10%, Sarah Ketterer (Trades, Portfolio) with 0.03% and Jim Simons (Trades, Portfolio)' Renaissance Technologies with 0.01%.

The investor cut his Intesa Sanpaolo (ISNPY) position by 32.04%. The portfolio was impacted by -0.13%.

c619909462a23b57e04b76d760fd4107.png

The Italian bank has a market cap of $38.20 billion.


GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 7.20% is underperforming the sector, the return on assets of 2.48% is outperforming 91% of companies in the Banks industry. Its financial strength is rated 3 out of 10. The cash-debt ratio of 0.09 is below the industry median of 1.12.

The company's largest guru shareholder is Fisher with 0.56% of outstanding shares.

The guru reduced his Banco Bilbao Vizcaya Argentaria SA (NYSE:BBVA) stake by 32.87%, impacting the portfolio by -0.11%.

6edf8f1b84eb62d912b10778f9b82aeb.png

The financial institution has a market cap of $33.17 billion and an enterprise value of $53.27 billion.

GuruFocus gives the company a profitability and growth rating of 4 out of 10. While the return on equity of 13.08% is outperforming the sector, the return on assets of 0.95% is underperforming 55% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 0.80 is below the industry median of 1.12.

The company's largest guru shareholder is Fisher with 0.48% of outstanding shares.

Fisher reduced his Banco Santander SA (NYSE:SAN) position by 17.06%, impacting the portfolio by -0.10%.

d526864da3bebd45897857360782976f.png

The company which operates in the retail and commercial banking has a market cap of $68.73 billion.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of -7.39% and return on assets of 0.50% are underperforming 81% of companies in the Banks industry. Its financial strength is rated 6 out of 10 with no debt.

The BNP Paribas (BNPQY) holding was reduced by 16.03%, impacting the portfolio by -0.08%.

b8d1a1094f046d99d43a69a06ef5d70c.png

The company has a market cap of $58.17 billion and an enterprise value of $50.16 billion.

GuruFocus gives the company a profitability and growth rating of 2 out of 10. The return on equity of 7.51% and return on assets of 0.36% are underperforming 86% of companies in the Banks industry. Its financial strength is rated 4 out of 10. The cash-debt ratio of 1.06 is below the industry median of 1.12.

Fisher is the company's largest guru shareholder with 0.64% of outstanding shares.

The investor reduced his Freeport-McMoRan Inc. (NYSE:FCX) position by 14.33%. The portfolio was impacted by -0.07%.

0c3d4e1f64aeafc25dc8dab89c7969ad.png

The copper and gold miner has a market cap of $15.52 billion and an enterprise value of $30.92 billion.


GuruFocus gives the company a profitability and growth rating of 5 out of 10. While the return on equity of 10.26% is outperforming the sector, the return on assets of 2.51% is underperforming 76% of companies in the Metals and Mining industry. Its financial strength is rated 5 out of 10. The cash-debt ratio of 0.27 is below the industry median of 10.

The largest guru shareholder of the company is Carl Icahn (Trades, Portfolio) with 3.05% of outstanding shares, followed by Jeremy Grantham (Trades, Portfolio) with 0.27%, Mario Gabelli (Trades, Portfolio) with 0.18%, Louis Moore Bacon (Trades, Portfolio) with 0.13% and Pioneer Investments with 0.06%.

Disclosure: I do not own any stocks mentioned.

Read more here:

  • Insiders Roundup: Bezos Sells Amazon
  • 6 Low Price-Sales Stocks
  • 5 Undervalued Predictable Stocks



Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.

This article first appeared on GuruFocus.