Pathway Financial Advisors LLC acquired a new stake in shares of Visa Inc (NYSE:V) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,187 shares of the credit-card processor’s stock, valued at approximately $206,000.

A number of other large investors have also bought and sold shares of the stock. Asset Dedication LLC increased its holdings in shares of Visa by 4.2% in the second quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock worth $2,799,000 after buying an additional 647 shares during the period. Laurel Wealth Advisors Inc. increased its holdings in shares of Visa by 12.0% in the first quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock worth $1,122,000 after buying an additional 767 shares during the period. Doliver Advisors LP increased its holdings in shares of Visa by 16.8% in the second quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock worth $2,577,000 after buying an additional 2,134 shares during the period. Investec Asset Management LTD increased its holdings in shares of Visa by 6.6% in the second quarter. Investec Asset Management LTD now owns 4,900,087 shares of the credit-card processor’s stock worth $850,410,000 after buying an additional 305,148 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Visa by 18.2% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 406,519 shares of the credit-card processor’s stock worth $63,494,000 after buying an additional 62,736 shares during the period. 81.34% of the stock is owned by institutional investors.

Shares of NYSE V traded up $1.66 during trading hours on Wednesday, hitting $180.90. The company’s stock had a trading volume of 1,799,893 shares, compared to its average volume of 7,535,775. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market cap of $353.59 billion, a price-to-earnings ratio of 39.24, a P/E/G ratio of 1.99 and a beta of 0.96. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The business has a 50-day simple moving average of $178.71 and a 200-day simple moving average of $162.97.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. On average, equities research analysts forecast that Visa Inc will post 5.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a yield of 0.55%. Visa’s payout ratio is 21.69%.

In other Visa news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction that occurred on 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Denise M. Morrison acquired 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the transaction, the director now owns 3,223 shares in the company, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

V has been the topic of several analyst reports. Piper Jaffray Companies set a $207.00 price objective on Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Credit Suisse Group lifted their price objective on Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a report on Wednesday, July 24th. KeyCorp lifted their price objective on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Wedbush reiterated an “outperform” rating on shares of Visa in a report on Wednesday, July 3rd. Finally, Bank of America lifted their price objective on Visa from $177.00 to $192.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Visa presently has an average rating of “Buy” and a consensus target price of $195.46.

Visa Profile

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.

Featured Article: Average Daily Trade Volume Explained

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.