Epoch Investment Partners Inc decreased its stake in Visa Inc (V) by 3.3% based on its latest 2016Q3 regulatory filing with the SEC. Epoch Investment Partners Inc sold 234,093 shares as the company’s stock rose 11.04% with the market. The institutional investor held 6.85 million shares of the business services company at the end of 2016Q3, valued at $566.70 million, down from 7.09 million at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Visa Inc for a number of months, seems to be less bullish one the $188.18B market cap company. The stock closed at $81.31 during the last session. It is down 0.88% since June 7, 2016 and is uptrending. It has underperformed by 6.54% the S&P500.
Epoch Investment Partners Inc, which manages about $43.62 billion and $26.82B US Long portfolio, upped its stake in Us Bancorp Del (NYSE:USB) by 197,023 shares to 2.88 million shares, valued at $123.42M in 2016Q3, according to the filing. It also increased its holding in Comcast Corp New (NASDAQ:CMCSA) by 542,347 shares in the quarter, for a total of 6.36M shares, and has risen its stake in Ppl Corp (NYSE:PPL).
Epoch Investment Partners Inc is a New York-based institutional investor with more than $43.62 billion AUM in January, 2015. Epoch Investment Partners Inc is the 100th largest institutional investor in our database. Taken from Epoch Investment Partners latest Adv, the fund reported to have 92 full and part-time employees. Among which 35 performing investment advisory and research functions. The institutional investor had more than 1800 clients.
Insitutional Activity: The institutional sentiment decreased to 0.93 in Q3 2016. Its down 0.06, from 0.99 in 2016Q2. The ratio is negative, as 77 funds sold all V shares owned while 577 reduced positions. 126 funds bought stakes while 482 increased positions. They now own 1.66 billion shares or 0.53% less from 1.67 billion shares in 2016Q2. Daniel Devine And holds 34,480 shares or 1.91% of its portfolio. Legacy Prns has invested 0.42% of its portfolio in Visa Inc (NYSE:V). Moreover, Lba Wealth Ltd Llc has 0.05% invested in Visa Inc (NYSE:V) for 1,000 shares. Paragon Cap Mgmt has 0.07% invested in the company for 2,556 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest, a Alberta – Canada-based fund reported 633,300 shares. Kcm Advsr Limited Com holds 0.17% or 29,345 shares in its portfolio. Ridgeworth Mgmt Limited Liability Company has 0.35% invested in the company for 475,483 shares. First Western Capital Management holds 1.95% or 60,382 shares in its portfolio. Morgan Stanley holds 29.37M shares or 0.83% of its portfolio. M&T Retail Bank holds 0.2% or 373,599 shares in its portfolio. Tompkins owns 1,700 shares or 0.04% of their US portfolio. Bahl & Gaynor last reported 31,086 shares in the company. Intrust Comml Bank Na, a Kansas-based fund reported 24,301 shares. Harvey holds 0.18% or 7,000 shares in its portfolio. Crestpoint Capital Mngmt Limited Liability Company last reported 41,100 shares in the company.
Insider Transactions: Since October 28, 2016, the stock had 0 insider purchases, and 2 insider sales for $65.42 million net activity. MCINERNEY RYAN sold 18,500 shares worth $1.53M. 772,912 Visa Inc (NYSE:V) shares with value of $63.88M were sold by SCHARF CHARLES W.
Analysts await Visa Inc (NYSE:V) to report earnings on January, 26. They expect $0.78 earnings per share, up 13.04% or $0.09 from last year’s $0.69 per share. V’s profit will be $1.81 billion for 26.06 P/E if the $0.78 EPS becomes a reality. After $0.78 actual earnings per share reported by Visa Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
More news for Visa Inc (NYSE:V) were recently published by: Businesswire.com, which released: “Visa Inc. To Announce Fiscal First Quarter 2017 Financial Results on February …” on January 03, 2017. Investorplace.com‘s article titled: “3 Big Stock Charts for Thursday: Tesla Motors Inc (TSLA), Visa Inc (V) and …” and published on December 29, 2016 is yet another important article.
According to Zacks Investment Research, “VISA operates the world’s largest retail electronic payments network and is one of the most recognized global financial services brands. Visa facilitates global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.”
Visa Inc (NYSE:V) Ratings Coverage
Out of 21 analysts covering Visa Inc. (NYSE:V), 16 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 76% are positive. Visa Inc. has been the topic of 39 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Thursday, October 8 the stock rating was initiated by Guggenheim with “Buy”. The company was upgraded on Thursday, December 15 by Bank of America. As per Thursday, February 11, the company rating was downgraded by Bank of America. On Friday, July 24 the stock rating was maintained by FBR Capital with “Mkt Perform”. Oppenheimer maintained Visa Inc (NYSE:V) rating on Monday, October 19. Oppenheimer has “Outperform” rating and $85 price target. As per Monday, December 5, the company rating was upgraded by Guggenheim. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Tuesday, October 25 by RBC Capital Markets. The stock of Visa Inc (NYSE:V) has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. UBS initiated the shares of V in a report on Wednesday, December 16 with “Buy” rating. The firm earned “Buy” rating on Tuesday, October 25 by UBS.
V Company Profile
Visa Inc. (Visa), incorporated on May 25, 2007, is a payments technology firm that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Firm operates through payment services segment. The Firm enables global commerce through the transfer of value and information among the participants. The Company’s transaction processing network facilitates authorization, clearing and settlement of payment transactions and enables to provide its financial institution and merchant clients a range of products, platforms and value-added services. The Firm is a retail electronic payment network based on payments volume, number of transactions and number of cards in circulation. The Firm operates in party models, which include card issuing financial institutions, acquirers and merchants. The Company’s products/services include core products, processing infrastructure, transaction processing services, digital products, merchant products, and risk products and payment security initiatives.
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