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Pioneer Sells Most of Stakes in Bank of America, Express Scripts, Citizens Financial

Pioneer Investments ( Trades , Portfolio )' preferred sectors are Technology and Healthcare, but its most prominent transactions in the first quarter covered a wide range of sectors.

Pioneer's largest first-quarter transaction was the nearly 86% reduction of its stake in Bank of America Corporation ( BAC ), a Charlotte, North Carolina-based banking and financial services company. Pioneer sold -…,7'-,9…- shares for an average price of $-'.54 per share. The deal had a --.''% impact on Pioneer's portfolio.

The remaining stake of ','94,'…- shares is ….…'% of Bank of America's outstanding shares and ….-7% of Pioneer's total assets. Bank of America's leading shareholder among the gurus is Dodge & Cox with a stake of -87,…74,86'. The stake is -.8-% of Bank of America's outstanding shares and '.…9% of Dodge & Cox's total assets.

Bank of America has a P/E of --.', a forward P/E of 8.8, a P/B of ….6 and a P/S of -.9. GuruFocus gives Bank of America a Financial Strength rating of 6/-… and a Profitability and Growth rating of 5/-….

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Bank of America sold for $-4.'… per share Tuesday.

Pioneer Investments ( Trades , Portfolio ) sold nearly all of its stake in Express Scripts Holding Co. ( ESRX ), a St. Louis-based health care company. Pioneer sold -,95-,…48 shares for an average price of $7-.- per share. The transaction had a -….65% impact on Pioneer's portfolio, leaving a stake of ',-9… shares.

Dodge & Cox is Express Scripts' leading shareholder among the gurus with a stake of -5,5-…,'-8 shares. The stake is 4.…'% of Express Scripts' outstanding shares and -.-9% of Dodge & Cox's total assets.

Express Scripts has a P/E of -9.7, a forward P/E of -….9, a P/B of '.- and a P/S of ….5. GuruFocus gives Express Scripts a Financial Strength rating of 7/-… and a Profitability and Growth rating of 8/-….

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Express Scripts sold for $74.6- per share.

Pioneer sold nearly 98% of its stake in Citizens Financial Group Inc. ( CFG ), a finance company based in Providence, Rhode Island. The guru sold 6,-44,6-8 shares for an average price of $--.-6 per share. The deal had a -….6-% impact on Pioneer's portfolio.

Pioneer's remaining stake is -5-,…6- shares. Citizens Financial's leading shareholder among the gurus is HOTCHKIS & WILEY with a stake of -6,9……,999 shares. The stake is '.-% of Citizens Financial's outstanding shares and -.8% of HOTCHKIS & WILEY's total assets.

Citizens Financial has a P/E of -4.-, a forward P/E of -….-, a P/B of ….6 and a P/S of -.5. GuruFocus gives Citizens Financial a Financial Strength rating of 5/-… and a Profitability and Growth rating of 6/-….

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Citizens Financial sold for $--.'6 per share Tuesday.

Pioneer pared its stake in Honeywell International Inc. ( HON ), a Morris Plains, New Jersey-based conglomerate, by more than 68%. Pioneer sold -,-…5,-68 shares for an average price of $-…4.-6 per share. The transaction had a -….48% impact on Pioneer's portfolio.

The remaining stake of 56-,--4 shares is ….…7% of Honeywell's outstanding shares and ….-4% of

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This article first appeared on GuruFocus .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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