Torray LLC Decreased Position in Visa (V) by $4.02 Million as Share Price Rose

April 22, 2018 - By Ellis Scott

Visa Inc. (NYSE:V) LogoInvestors sentiment increased to 1.05 in 2017 Q4. Its up 0.05, from 1 in 2017Q3. It is positive, as 55 investors sold V shares while 605 reduced holdings. 141 funds opened positions while 552 raised stakes. 1.61 billion shares or 1.83% less from 1.64 billion shares in 2017Q3 were reported. Moreover, Scotia has 0.66% invested in Visa Inc. (NYSE:V) for 436,835 shares. Factory Mutual Ins Co invested in 871,700 shares or 1.04% of the stock. Scott & Selber owns 27,002 shares. Usca Ria Ltd Liability Co invested in 0.54% or 43,168 shares. Merriman Wealth Mgmt Lc, a Washington-based fund reported 1,937 shares. Thompson Siegel Walmsley Ltd Liability Co holds 23,058 shares. Calamos Advisors Ltd Co invested in 1.01 million shares or 0.59% of the stock. Alecta Pensionsforsakring Omsesidigt has 3.77M shares for 3.5% of their portfolio. Dsam Partners (London) Limited reported 0.37% in Visa Inc. (NYSE:V). Clal Enterp Limited, Israel-based fund reported 683,722 shares. Edgemoor Inv Advisors Inc has invested 1% in Visa Inc. (NYSE:V). Staley Advisers Incorporated stated it has 0.02% in Visa Inc. (NYSE:V). Synovus Financial Corporation holds 109,049 shares or 0.22% of its portfolio. Liberty Capital Mgmt has 2.95% invested in Visa Inc. (NYSE:V). Quadrant Cap Mgmt accumulated 33,409 shares.

Since December 13, 2017, it had 0 insider purchases, and 3 selling transactions for $6.56 million activity. MAHON TULLIER KELLY also sold $5.65 million worth of Visa Inc. (NYSE:V) shares. On Wednesday, December 13 the insider MATSCHULLAT ROBERT W sold $707,561.

Torray Llc decreased its stake in Visa (V) by 14.87% based on its latest 2017Q4 regulatory filing with the SEC. Torray Llc sold 35,274 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 202,007 shares of the business services company at the end of 2017Q4, valued at $23.03 million, down from 237,281 at the end of the previous reported quarter. Torray Llc who had been investing in Visa for a number of months, seems to be less bullish one the $280.31B market cap company. The stock increased 0.19% or $0.24 during the last trading session, reaching $124.2. About 7.48M shares traded. Visa Inc. (NYSE:V) has risen 31.98% since April 22, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.

Torray Llc, which manages about $624.45M and $1.01B US Long portfolio, upped its stake in General Electric (NYSE:GE) by 196,224 shares to 756,999 shares, valued at $13.21M in 2017Q4, according to the filing.

Analysts await Visa Inc. (NYSE:V) to report earnings on April, 25 after the close. They expect $1.02 earnings per share, up 18.60 % or $0.16 from last year’s $0.86 per share. V’s profit will be $2.30B for 30.44 P/E if the $1.02 EPS becomes a reality. After $1.08 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -5.56 % negative EPS growth.

Visa Inc. (NYSE:V) Ratings Coverage

Among 26 analysts covering Visa Inc (NYSE:V), 23 have Buy rating, 0 Sell and 3 Hold. Therefore 88% are positive. Visa Inc had 45 analyst reports since October 25, 2017 according to SRatingsIntel. As per Thursday, February 1, the company rating was maintained by Cowen & Co. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Thursday, January 18 by Piper Jaffray. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Thursday, January 4 with “Buy” rating. The company was maintained on Thursday, October 26 by Nomura. The firm has “Overweight” rating by KeyBanc Capital Markets given on Friday, February 2. The stock of Visa Inc. (NYSE:V) has “Overweight” rating given on Thursday, October 26 by Barclays Capital. The stock of Visa Inc. (NYSE:V) earned “Overweight” rating by Morgan Stanley on Thursday, October 26. DZ Bank downgraded the stock to “Hold” rating in Wednesday, January 24 report. BMO Capital Markets maintained the stock with “Buy” rating in Friday, February 2 report. As per Friday, February 2, the company rating was maintained by Sandler O’Neill.

Visa Inc. (NYSE:V) Institutional Positions Chart

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