Tredje AP fonden lifted its position in shares of Visa Inc (NYSE:V) by 14.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,154 shares of the credit-card processor’s stock after purchasing an additional 29,923 shares during the period. Visa comprises 1.1% of Tredje AP fonden’s investment portfolio, making the stock its 9th largest holding. Tredje AP fonden’s holdings in Visa were worth $31,411,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Lee Financial Group Hawaii Inc. boosted its holdings in Visa by 1.6% in the second quarter. Lee Financial Group Hawaii Inc. now owns 24,147 shares of the credit-card processor’s stock valued at $3,198,000 after acquiring an additional 388 shares during the last quarter. Stifel Financial Corp boosted its holdings in Visa by 2.6% in the first quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock valued at $223,368,000 after acquiring an additional 47,939 shares during the last quarter. Wealthstreet Investment Advisors LLC boosted its holdings in Visa by 2.1% in the second quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock valued at $19,244,000 after acquiring an additional 2,930 shares during the last quarter. Pioneer Trust Bank N A OR boosted its holdings in Visa by 9.1% in the second quarter. Pioneer Trust Bank N A OR now owns 30,150 shares of the credit-card processor’s stock valued at $3,994,000 after acquiring an additional 2,521 shares during the last quarter. Finally, Rossmore Private Capital boosted its holdings in Visa by 47.0% in the second quarter. Rossmore Private Capital now owns 15,933 shares of the credit-card processor’s stock valued at $2,110,000 after acquiring an additional 5,092 shares during the last quarter. Institutional investors own 80.18% of the company’s stock.

A number of equities analysts have issued reports on V shares. Buckingham Research increased their price target on Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Wells Fargo & Co increased their price target on Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Oppenheimer increased their price target on Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a report on Tuesday, July 17th. Wolfe Research started coverage on Visa in a report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Bank of America increased their price target on Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 17th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $153.97.

In related news, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the completion of the sale, the chief financial officer now directly owns 58,232 shares of the company’s stock, valued at $8,185,089.92. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Shares of NYSE:V opened at $140.06 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Visa Inc has a twelve month low of $106.60 and a twelve month high of $151.56. The company has a market cap of $305.32 billion, a PE ratio of 40.25, a PEG ratio of 1.86 and a beta of 1.06.

Visa (NYSE:V) last issued its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. Visa had a return on equity of 36.09% and a net margin of 47.91%. The company had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.09 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. Visa’s revenue for the quarter was up 14.8% on a year-over-year basis. Equities analysts predict that Visa Inc will post 4.59 EPS for the current fiscal year.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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