7 Large Cap Financial Companies With Big Institutional Ownership

Wall St. Watchdog generated stock screens for large cap companies in the Financials Sector that have a large percentage of their shares owned by institutional investors.  Some investors like to invest in the companies that institutional investors invest in, under the (perhaps incorrect) assumption that institutions have done sufficient due diligence on the company in question to make it a worthy investment.

Criteria for the screen are:

  • The company trades on a US exchange
  • The company does not trade on the pink sheets
  • The company is not located in China
  • The company’s market capitalization is at least $1 billion
  • At least 90% of the company’s shares are owned by institutional investors
  • The company was profitable in the last quarter
  • The company has grown its revenue year-over-year by at least 35%

Following is information on the companies that met these criteria:

  • Assured Guaranty Ltd. (NYSE:AGO): Institutions own 97.61% of the shares. Its market capitalization is $3,104,862,000, its revenue for the most recent fiscal year is $1,401,301,000, which represents a change of 52.79% for the year-over-year period. The shares most recently traded at $16.86. About the company:  Assured Guaranty Ltd. provides financial guaranty insurance and reinsurance, as well as mortgage guaranty coverage. The Company’s products include guaranties for municipal finance, structured finance, and corporate bonds.
  • Affiliated Managers Group, Inc. (NYSE:AMG): Institutions own 97.80% of the shares. Its market capitalization is $5,648,292,000, its revenue for the most recent fiscal year is $1,358,242,000, which represents a change of 61.34% for the year-over-year period. The shares most recently traded at $108.51. About the company:  Affiliated Managers Group, Inc. is a global asset management company that invests in boutique investment management firms. The Company allows the firms in which it invests operational autonomy while providing assistance in strategic matters, marketing, distribution, product development, and operations.
  • CIT Group Inc. (NYSE:CIT): Institutions own 95.13% of the shares. Its market capitalization is $8,857,144,000, its revenue for the most recent fiscal year is $6,362,500,000, which represents a change of 59.67% for the year-over-year period. The shares most recently traded at $44.17. About the company:  CIT Group Inc. operates as a holding company. The Company, through its subsidiaries, provides lending, advisory, commercial banking, vendor finance, and leasing services to small and middle market businesses. CIT Group operates globally.
  • IBERIABANK Corporation (NASDAQ:IBKC): Institutions own 91.54% of the shares. Its market capitalization is $1,590,241,000, its revenue for the most recent fiscal year is $396,371,000, which represents a change of 46.59% for the year-over-year period. The shares most recently traded at $58.81. About the company:  IBERIABANK Corporation is the holding company for IBERIABANK, a commercial bank conducting business from a network of offices located throughout Louisiana. The Bank attracts deposits from the general public and uses those funds to originate consumer and commercial loans. IBERIABANK also offers discount brokerage services through a wholly owned subsidiary.
  • MSCI Inc. (NYSE:MSCI): Institutions own 98.16% of the shares. Its market capitalization is $4,655,346,000, its revenue for the most recent fiscal year is $662,901,000, which represents a change of 49.66% for the year-over-year period. The shares most recently traded at $38.75. About the company:  MSCI Inc. provides investment decision support tools to investment institutions worldwide. The Company produces indices and risk and return portfolio analytics for use in managing investment portfolios.
  • Tower Group, Inc. (NASDAQ:TWGP):  Institutions own 96.30% of the shares. Its market capitalization is $1,009,380,000, its revenue for the most recent fiscal year is $1,458,734,000, which represents a change of 48.38% for the year-over-year period. The shares most recently traded at $24.42. About the company:  Tower Group, Inc. provides property and casualty insurance and insurance services. The Company offers property and casualty commercial and personal lines products and services in select markets not well served by other carriers.
  • Materials SPDR (NYSE:XLB): Institutions own 92.69% of the shares. Its market capitalization is $2,897,188,000, its revenue for the most recent fiscal year is $63,947,740, which represents a change of 113.05% for the year-over-year period. The shares most recently traded at $40.57. About the company:  Materials Select Sector SPDR Trust is an exchange-traded fund incorporated in the USA. The Fund’s objective is to provide investment results that correspond to the performance of the Materials Select Sector Index. The Index includes companies from the following industries: chemicals, construction materials, containers and packaging.

(Note: Selected financial data are sourced from screener.co.  All data are assumed to be accurate.)

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