Wealthtrust Fairport Trimmed Progressive Ohio (PGR) Position by $10.46 Million as Valuation Rose; Visa (V) Holder Papp L Roy & Associates Trimmed Position by $502,512 as Stock Value Rose

May 18, 2018 - By Louis Casey

Visa Inc. (NYSE:V) Logo

Papp L Roy & Associates decreased its stake in Visa Inc (V) by 2.29% based on its latest 2017Q4 regulatory filing with the SEC. Papp L Roy & Associates sold 4,408 shares as the company’s stock rose 4.18% while stock markets declined. The institutional investor held 188,154 shares of the business services company at the end of 2017Q4, valued at $21.45 million, down from 192,562 at the end of the previous reported quarter. Papp L Roy & Associates who had been investing in Visa Inc for a number of months, seems to be less bullish one the $291.42B market cap company. The stock increased 0.14% or $0.18 during the last trading session, reaching $130.11. About 1.84 million shares traded. Visa Inc. (NYSE:V) has risen 31.98% since May 18, 2017 and is uptrending. It has outperformed by 20.43% the S&P500.




Wealthtrust Fairport Llc decreased its stake in Progressive Corp Ohio (PGR) by 88.97% based on its latest 2017Q4 regulatory filing with the SEC. Wealthtrust Fairport Llc sold 186,837 shares as the company’s stock rose 7.49% while stock markets declined. The institutional investor held 23,163 shares of the property-casualty insurers company at the end of 2017Q4, valued at $1.31M, down from 210,000 at the end of the previous reported quarter. Wealthtrust Fairport Llc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $35.39 billion market cap company. The stock increased 0.68% or $0.41 during the last trading session, reaching $60.77. About 708,537 shares traded. The Progressive Corporation (NYSE:PGR) has risen 52.71% since May 18, 2017 and is uptrending. It has outperformed by 41.16% the S&P500.

Among 43 analysts covering Visa Inc. (NYSE:V), 35 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 130 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $107.0 target in Wednesday, October 11 report. On Thursday, October 26 the stock rating was maintained by SunTrust with “Buy”. The firm has “Buy” rating given on Wednesday, October 25 by Oppenheimer. JP Morgan upgraded it to “Overweight” rating and $88 target in Monday, June 6 report. On Tuesday, September 12 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm earned “Buy” rating on Wednesday, August 23 by KeyBanc Capital Markets. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, October 18 report. The firm has “Buy” rating given on Friday, July 22 by Stifel Nicolaus. The firm has “Buy” rating by Stephens given on Tuesday, January 9. The stock of Visa Inc. (NYSE:V) earned “Buy” rating by UBS on Wednesday, December 16.

Since December 13, 2017, it had 0 buys, and 5 selling transactions for $12.69 million activity. 38,500 shares were sold by MCINERNEY RYAN, worth $5.06M on Thursday, May 10. The insider MAHON TULLIER KELLY sold $5.65M. HOFFMEISTER JAMES H also sold $1.08M worth of Visa Inc. (NYSE:V) on Monday, April 30. 1,712 Visa Inc. (NYSE:V) shares with value of $205,440 were sold by Biggar Lynne.

Analysts await Visa Inc. (NYSE:V) to report earnings on July, 19. They expect $1.10 earnings per share, up 27.91% or $0.24 from last year’s $0.86 per share. V’s profit will be $2.46B for 29.57 P/E if the $1.10 EPS becomes a reality. After $1.11 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts -0.90% negative EPS growth.

More important recent Visa Inc. (NYSE:V) news were published by: Seekingalpha.com which released: “Visa: Next Stop $135” on April 27, 2018, also Seekingalpha.com published article titled: “Is It Too Late To Buy Visa Stock?”, Investorplace.com published: “The 5 Best Charts in the Market Right Now” on May 18, 2018. More interesting news about Visa Inc. (NYSE:V) was released by: 247Wallst.com and their article: “Can Visa Deliver Another Earnings Beat?” with publication date: April 25, 2018.

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.05, from 1 in 2017Q3. It increased, 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. Fincl stated it has 0% of its portfolio in Visa Inc. (NYSE:V). Amica Pension Fund Board Of Trustees stated it has 69,922 shares or 0.92% of all its holdings. Hedeker Wealth Ltd Com stated it has 2.32% in Visa Inc. (NYSE:V). Point72 Asset Mgmt Limited Partnership owns 2.31 million shares or 1.14% of their US portfolio. Timessquare Capital Mgmt Ltd Liability Corporation has invested 0.08% in Visa Inc. (NYSE:V). Park Avenue Llc invested in 7,348 shares. Macquarie Gru Limited owns 0.62% invested in Visa Inc. (NYSE:V) for 3.03 million shares. Gofen Glossberg Ltd Liability Corp Il invested 0.05% in Visa Inc. (NYSE:V). Loring Wolcott Coolidge Fiduciary Advsr Limited Liability Partnership Ma, a Massachusetts-based fund reported 639,090 shares. 8,973 were accumulated by Graham Capital Mngmt Ltd Partnership. Wedgewood Partners Inc owns 1.42 million shares for 6.56% of their portfolio. Willingdon Wealth Management invested in 18,154 shares or 0.68% of the stock. Ontario Teachers Pension Plan Board holds 0.36% or 256,264 shares in its portfolio. Cap Advisors Limited Ltd Llc has invested 0.02% in Visa Inc. (NYSE:V). Apg Asset Management Nv reported 1.35 million shares.

Wealthtrust Fairport Llc, which manages about $1.31B and $988.06M US Long portfolio, upped its stake in Ishares Tr (IVW) by 10,571 shares to 98,577 shares, valued at $15.06M in 2017Q4, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLV) by 6,678 shares in the quarter, for a total of 145,338 shares, and has risen its stake in Select Sector Spdr Tr (XLY).

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 68 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Wells Fargo with “Hold” on Wednesday, August 16. The stock of The Progressive Corporation (NYSE:PGR) has “Buy” rating given on Wednesday, March 14 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, August 3 by Wells Fargo. Bank of America upgraded the shares of PGR in report on Monday, March 20 to “Buy” rating. The rating was downgraded by Keefe Bruyette & Woods on Thursday, May 17 to “Hold”. The stock has “Neutral” rating by Citigroup on Thursday, July 13. The stock of The Progressive Corporation (NYSE:PGR) has “Underweight” rating given on Friday, August 11 by Barclays Capital. Wells Fargo maintained The Progressive Corporation (NYSE:PGR) on Wednesday, June 14 with “Hold” rating. The stock of The Progressive Corporation (NYSE:PGR) earned “Buy” rating by Sandler O’Neill on Thursday, February 15. As per Thursday, March 17, the company rating was maintained by Goldman Sachs.

Another recent and important The Progressive Corporation (NYSE:PGR) news was published by Crainscleveland.com which published an article titled: “Progressive Corp. appoints its first female board chair” on May 14, 2018.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.10, from 1.07 in 2017Q3. It is positive, as 32 investors sold PGR shares while 198 reduced holdings. 81 funds opened positions while 189 raised stakes. 453.53 million shares or 1.27% more from 447.86 million shares in 2017Q3 were reported. Cooke & Bieler LP holds 1.29M shares or 1.31% of its portfolio. Rothschild Invest Corp Il reported 40,075 shares. Fmr Limited Liability Corp has 2.66M shares. Victory Capital Management stated it has 0.23% in The Progressive Corporation (NYSE:PGR). Carnegie Asset Mgmt Ltd stated it has 32,282 shares. Tci Wealth Advsr Inc holds 0.01% or 235 shares in its portfolio. 161,513 were accumulated by Sterling Cap Management Ltd Liability Co. Fukoku Mutual Life Ins has 0.05% invested in The Progressive Corporation (NYSE:PGR) for 5,900 shares. 28,317 were reported by Meiji Yasuda Asset Management Ltd. 13,949 are owned by Verition Fund Mgmt Llc. The Michigan-based Sigma Inv Counselors has invested 0.08% in The Progressive Corporation (NYSE:PGR). Assetmark has invested 0.32% in The Progressive Corporation (NYSE:PGR). Gyroscope Cap Gru, a Florida-based fund reported 48,316 shares. Laurion Capital Management Lp stated it has 99,254 shares. First Allied Advisory reported 11,024 shares.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

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