First Rep Bk San Francisco C (FRC) Stock Value Declined While Quantum Capital Management Trimmed Its Stake by $300,560; Wallington Asset Management Stake in Visa (V) Has Boosted by $367,500 as Market Value Rose

February 24, 2018 - By Vivian Currie

Wallington Asset Management Llc increased its stake in Visa Inc. (V) by 6.06% based on its latest 2017Q3 regulatory filing with the SEC. Wallington Asset Management Llc bought 3,500 shares as the company’s stock rose 5.74% with the market. The institutional investor held 61,279 shares of the business services company at the end of 2017Q3, valued at $6.45 million, up from 57,779 at the end of the previous reported quarter. Wallington Asset Management Llc who had been investing in Visa Inc. for a number of months, seems to be bullish on the $277.44B market cap company. The stock increased 2.12% or $2.55 during the last trading session, reaching $122.93. About 5.04 million shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 24, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Quantum Capital Management Llc decreased its stake in First Rep Bk San Francisco C (FRC) by 1.16% based on its latest 2017Q3 regulatory filing with the SEC. Quantum Capital Management Llc sold 2,890 shares as the company’s stock declined 5.64% while stock markets rallied. The institutional investor held 245,764 shares of the company at the end of 2017Q3, valued at $25.67 million, down from 248,654 at the end of the previous reported quarter. Quantum Capital Management Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $15.41B market cap company. The stock increased 1.76% or $1.65 during the last trading session, reaching $95.28. About 748,021 shares traded. First Republic Bank (NYSE:FRC) has risen 29.07% since February 24, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on April, 12. They expect $1.05 EPS, up 3.96% or $0.04 from last year’s $1.01 per share. FRC’s profit will be $169.78 million for 22.69 P/E if the $1.05 EPS becomes a reality. After $1.10 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Among 18 analysts covering First Republic Bank (NYSE:FRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. First Republic Bank had 77 analyst reports since October 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 16 by Piper Jaffray. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by RBC Capital Markets on Friday, July 7. Maxim Group maintained the stock with “Buy” rating in Friday, October 13 report. The firm earned “Buy” rating on Monday, February 22 by Jefferies. The stock of First Republic Bank (NYSE:FRC) has “Outperform” rating given on Tuesday, January 17 by FBR Capital. On Tuesday, January 16 the stock rating was maintained by Sandler O’Neill with “Hold”. Raymond James maintained the shares of FRC in report on Monday, October 16 with “Outperform” rating. On Friday, July 14 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was maintained by Barclays Capital on Tuesday, January 2 with “Hold”. The firm has “Mkt Perform” rating by FBR Capital given on Friday, October 14.

Since December 13, 2017, it had 0 insider purchases, and 3 insider sales for $6.56 million activity. Another trade for 1,712 shares valued at $205,440 was sold by Biggar Lynne. The insider MATSCHULLAT ROBERT W sold $707,561.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It turned negative, 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. 20,858 are owned by Berson & Corrado Investment Advisors Limited Co. The Illinois-based Alyeska Invest Gru LP has invested 0.02% in Visa Inc. (NYSE:V). Tudor Inv Et Al invested in 45,759 shares. Penobscot Investment reported 56,513 shares stake. 6,262 are owned by Baker Ellis Asset Ltd Com. Sky Inv Group Ltd Liability Corporation has invested 0.12% in Visa Inc. (NYSE:V). Family Mngmt Corp has invested 2.69% in Visa Inc. (NYSE:V). Putnam Fl Invest Company has 2.54% invested in Visa Inc. (NYSE:V) for 253,041 shares. Appleton Prtnrs Ma reported 143,928 shares. Kentucky Retirement Tru Fund holds 0.91% or 48,819 shares. Beck Mack Oliver Limited Liability Company owns 10,084 shares for 0.03% of their portfolio. Greenleaf accumulated 0.24% or 105,826 shares. Chemung Canal Communications stated it has 86,773 shares. Davenport & Lc invested 1.28% of its portfolio in Visa Inc. (NYSE:V). The Ohio-based Hendley And has invested 4.93% in Visa Inc. (NYSE:V).

Wallington Asset Management Llc, which manages about $499.10M and $376.94M US Long portfolio, decreased its stake in Kimberly (NYSE:KMB) by 2,939 shares to 59,155 shares, valued at $6.96 million in 2017Q3, according to the filing.

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By1 Vivian Currie

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