Metlife (MET) Shareholder Daiwa Securities Group Lifted Its Position; As Visa (V) Stock Rose, Montecito Bank & Trust Lowered Stake

December 17, 2017 - By Winifred Garcia

Daiwa Securities Group Inc increased its stake in Metlife (MET) by 8.2% based on its latest 2017Q2 regulatory filing with the SEC. Daiwa Securities Group Inc bought 15,610 shares as the company’s stock declined 4.70% while stock markets rallied. The institutional investor held 205,911 shares of the finance company at the end of 2017Q2, valued at $11.31M, up from 190,301 at the end of the previous reported quarter. Daiwa Securities Group Inc who had been investing in Metlife for a number of months, seems to be bullish on the $54.10B market cap company. The stock decreased 2.06% or $1.08 during the last trading session, reaching $51.41. About 15.46M shares traded or 274.60% up from the average. MetLife, Inc. (NYSE:MET) has risen 13.92% since December 17, 2016 and is uptrending. It has underperformed by 2.78% the S&P500.

Montecito Bank & Trust decreased its stake in Visa Inc (V) by 24.05% based on its latest 2017Q2 regulatory filing with the SEC. Montecito Bank & Trust sold 3,486 shares as the company’s stock rose 5.74% with the market. The institutional investor held 11,011 shares of the business services company at the end of 2017Q2, valued at $1.03 million, down from 14,497 at the end of the previous reported quarter. Montecito Bank & Trust who had been investing in Visa Inc for a number of months, seems to be less bullish one the $257.94 billion market cap company. The stock increased 0.80% or $0.9 during the last trading session, reaching $113.82. About 16.39M shares traded or 127.71% up from the average. Visa Inc. (NYSE:V) has risen 20.29% since December 17, 2016 and is uptrending. It has outperformed by 3.59% the S&P500.

Among 15 analysts covering MetLife (NYSE:MET), 8 have Buy rating, 1 Sell and 6 Hold. Therefore 53% are positive. MetLife has $7800 highest and $46 lowest target. $58.82’s average target is 14.41% above currents $51.41 stock price. MetLife had 45 analyst reports since July 31, 2015 according to SRatingsIntel. Sandler O’Neill upgraded MetLife, Inc. (NYSE:MET) on Monday, June 27 to “Buy” rating. The rating was upgraded by Raymond James on Friday, January 22 to “Strong Buy”. The stock of MetLife, Inc. (NYSE:MET) has “Buy” rating given on Friday, July 31 by Deutsche Bank. Wells Fargo maintained the shares of MET in report on Wednesday, April 19 with “Buy” rating. As per Monday, July 10, the company rating was maintained by Wells Fargo. The stock has “Buy” rating by Wells Fargo on Wednesday, August 2. The stock of MetLife, Inc. (NYSE:MET) has “Hold” rating given on Monday, July 24 by J.P. Morgan. The firm earned “Buy” rating on Friday, May 5 by Wells Fargo. The firm earned “Buy” rating on Friday, November 3 by RBC Capital Markets. FBR Capital downgraded it to “Mkt Perform” rating and $54 target in Monday, November 28 report.

Daiwa Securities Group Inc, which manages about $15.47 billion US Long portfolio, decreased its stake in Fortive by 8,849 shares to 33,302 shares, valued at $2.11 million in 2017Q2, according to the filing. It also reduced its holding in Freeport (NYSE:FCX) by 169,359 shares in the quarter, leaving it with 37,158 shares, and cut its stake in Gogo (NASDAQ:GOGO).

Investors sentiment decreased to 0.94 in Q2 2017. Its down 0.06, from 1 in 2017Q1. It turned negative, as 65 investors sold MET shares while 349 reduced holdings. 81 funds opened positions while 307 raised stakes. 772.09 million shares or 1.67% less from 785.23 million shares in 2017Q1 were reported. 128,387 are owned by Farmers & Merchants Invests. Advantus Capital Management Incorporated holds 0.16% of its portfolio in MetLife, Inc. (NYSE:MET) for 109,059 shares. Voya Inv Management Limited Liability Company holds 0.07% or 569,512 shares. Sterling Cap Limited Liability has invested 0.06% in MetLife, Inc. (NYSE:MET). Epoch Inv Prtn Inc reported 3.34M shares. First Utd National Bank & Trust reported 1.12% stake. Lombard Odier Asset Mngmt (Europe) Ltd has invested 0.03% of its portfolio in MetLife, Inc. (NYSE:MET). Hartford Mgmt holds 0% or 42 shares. Rafferty Asset Management Lc invested 0.21% in MetLife, Inc. (NYSE:MET). Fagan Assoc owns 37,663 shares for 1.08% of their portfolio. Fmr Ltd Co holds 0.12% of its portfolio in MetLife, Inc. (NYSE:MET) for 17.74 million shares. Whittier Trust Com Of Nevada reported 25,264 shares stake. Ameriprise Fincl Incorporated reported 0.29% of its portfolio in MetLife, Inc. (NYSE:MET). Loeb Prtn, a New York-based fund reported 34,200 shares. 11,171 are owned by Northwestern Mutual Wealth.

Analysts await Visa Inc. (NYSE:V) to report earnings on February, 1. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year’s $0.86 per share. V’s profit will be $2.20 billion for 29.34 P/E if the $0.97 EPS becomes a reality. After $0.90 actual earnings per share reported by Visa Inc. for the previous quarter, Wall Street now forecasts 7.78% EPS growth.

Since August 17, 2017, it had 0 insider buys, and 1 sale for $1.07 million activity.

Among 39 analysts covering Visa Inc. (NYSE:V), 32 have Buy rating, 0 Sell and 7 Hold. Therefore 82% are positive. Visa Inc. has $135 highest and $70 lowest target. $108.22’s average target is -4.92% below currents $113.82 stock price. Visa Inc. had 94 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Outperform” rating in Tuesday, October 25 report. As per Friday, July 21, the company rating was maintained by Instinet. The stock of Visa Inc. (NYSE:V) has “Neutral” rating given on Tuesday, October 25 by Guggenheim. The rating was maintained by Buckingham Research with “Buy” on Thursday, October 26. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, October 25. On Thursday, December 15 the stock rating was upgraded by Bank of America to “Buy”. Guggenheim upgraded Visa Inc. (NYSE:V) on Monday, December 5 to “Buy” rating. Barclays Capital maintained Visa Inc. (NYSE:V) rating on Monday, May 16. Barclays Capital has “Overweight” rating and $90 target. As per Wednesday, July 19, the company rating was maintained by Wedbush. The firm has “Buy” rating by RBC Capital Markets given on Monday, August 21.

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