Pendal Group Ltd trimmed its stake in shares of Visa Inc (NYSE:V) by 2.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,155 shares of the credit-card processor’s stock after selling 375 shares during the period. Pendal Group Ltd’s holdings in Visa were worth $2,977,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in Visa by 11,319.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after buying an additional 85,811,983 shares during the last quarter. Lunia Capital LP increased its stake in Visa by 13,370.7% in the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after buying an additional 23,280,332 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Visa by 17,806.8% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock valued at $334,695,000 after buying an additional 3,328,260 shares during the last quarter. FMR LLC increased its stake in Visa by 1.9% in the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after buying an additional 1,731,813 shares during the last quarter. Finally, Swedbank increased its stake in Visa by 26.3% in the 4th quarter. Swedbank now owns 4,890,752 shares of the credit-card processor’s stock valued at $640,395,000 after buying an additional 1,019,755 shares during the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Visa from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. UBS Group lifted their price target on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Morgan Stanley lifted their price target on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Barclays lifted their price target on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $181.00 price target on shares of Visa in a research note on Sunday, April 28th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $195.46.

Shares of V traded up $2.41 during midday trading on Friday, reaching $178.68. The stock had a trading volume of 67,621 shares, compared to its average volume of 7,123,580. The firm has a 50 day simple moving average of $178.08 and a 200-day simple moving average of $162.42. Visa Inc has a one year low of $121.60 and a one year high of $184.07. The firm has a market cap of $354.35 billion, a PE ratio of 38.77, a P/E/G ratio of 2.00 and a beta of 0.96. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter last year, the firm posted $1.20 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is presently 21.69%.

In related news, Director Denise M. Morrison bought 1,000 shares of Visa stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average price of $171.13 per share, with a total value of $171,130.00. Following the acquisition, the director now owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

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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