Brown Advisory INC Has Cut Visa INC (V) Stake by $207.31 Million as Share Price Rose

March 23, 2018 - By Hazel Jackson

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It fall, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Alps Advisors reported 6,102 shares. Brinker Capital Inc holds 124,771 shares or 0.54% of its portfolio. Mu Investments Com Ltd reported 620 shares. Steinberg Asset invested 0.51% in Visa Inc. (NYSE:V). Millennium Mgmt Ltd reported 0.59% in Visa Inc. (NYSE:V). Gemmer Asset Ltd Liability Corporation reported 1,500 shares. Weybosset Rech And Management Limited Company, a Rhode Island-based fund reported 2,725 shares. Sei Invests holds 1.23% of its portfolio in Visa Inc. (NYSE:V) for 3.28M shares. Hwg Hldg LP stated it has 292 shares. Old National Bank & Trust In accumulated 1.5% or 262,141 shares. The Ohio-based Hendley Incorporated has invested 4.93% in Visa Inc. (NYSE:V). Drexel Morgan Communications has 0.33% invested in Visa Inc. (NYSE:V). New York-based Evercore Wealth Mngmt Lc has invested 0.07% in Visa Inc. (NYSE:V). Ameritas Invest Ptnrs holds 96,008 shares. Blackrock Inc stated it has 0.62% in Visa Inc. (NYSE:V).

Since December 13, 2017, it had 0 insider purchases, and 3 sales for $6.56 million activity. Shares for $5.65M were sold by MAHON TULLIER KELLY on Friday, December 15. Biggar Lynne also sold $205,440 worth of Visa Inc. (NYSE:V) on Wednesday, February 14.

Brown Advisory Inc decreased its stake in Visa Inc (V) by 17.64% based on its latest 2017Q3 regulatory filing with the SEC. Brown Advisory Inc sold 1.97 million shares as the company’s stock rose 5.74% with the market. The institutional investor held 9.22 million shares of the business services company at the end of 2017Q3, valued at $970.35M, down from 11.19M at the end of the previous reported quarter. Brown Advisory Inc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $270.81 billion market cap company. The stock decreased 2.62% or $3.23 during the last trading session, reaching $119.99. About 10.50 million shares traded or 27.12% up from the average. Visa Inc. (NYSE:V) has risen 20.29% since March 23, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Brown Advisory Inc, which manages about $30.16B US Long portfolio, upped its stake in Alibaba Group Hldg Ltd (NYSE:BABA) by 114,549 shares to 1.42M shares, valued at $245.45M in 2017Q3, according to the filing. It also increased its holding in Pricesmart Inc (NASDAQ:PSMT) by 99,167 shares in the quarter, for a total of 302,536 shares, and has risen its stake in Waste Connections Inc.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 19. They expect $1.01 EPS, up 17.44 % or $0.15 from last year’s $0.86 per share. V’s profit will be $2.28 billion for 29.70 P/E if the $1.01 EPS becomes a reality. After $1.08 actual EPS reported by Visa Inc. for the previous quarter, Wall Street now forecasts -6.48 % negative EPS growth.

Visa Inc. (NYSE:V) Ratings Coverage

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. has $164.0 highest and $70 lowest target. $120.80’s average target is 0.68% above currents $119.99 stock price. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Tuesday, September 12 by Keefe Bruyette & Woods. Bank of America upgraded Visa Inc. (NYSE:V) on Thursday, December 15 to “Buy” rating. The firm has “Buy” rating given on Friday, July 22 by Stifel Nicolaus. The firm has “Buy” rating given on Tuesday, October 25 by UBS. The stock of Visa Inc. (NYSE:V) has “Overweight” rating given on Friday, February 2 by PiperJaffray. KeyBanc Capital Markets maintained the stock with “Buy” rating in Wednesday, October 18 report. The company was maintained on Thursday, February 1 by SunTrust. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by Guggenheim on Friday, February 2. The firm earned “Buy” rating on Monday, July 17 by Oppenheimer. The firm earned “Buy” rating on Friday, September 22 by RBC Capital Markets.

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