Diversified Trust Co Has $5.17 Million Stock Holdings in Visa Inc (NYSE:V)
Diversified Trust Co lifted its holdings in Visa Inc (NYSE:V) by 16.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,054 shares of the credit-card processor’s stock after buying an additional 4,263 shares during the period. Diversified Trust Co’s holdings in Visa were worth $5,170,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of V. Krane Funds Advisors LLC acquired a new stake in shares of Visa in the second quarter worth about $26,000. Lowe Wealth Advisors LLC increased its stake in shares of Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after purchasing an additional 86 shares during the period. Personal Wealth Partners bought a new position in shares of Visa in the second quarter worth about $30,000. Mcmillion Capital Management Inc. bought a new position in shares of Visa in the second quarter worth about $38,000. Finally, Hexavest Inc. bought a new position in shares of Visa in the second quarter worth about $40,000. 80.99% of the stock is owned by institutional investors and hedge funds.
In other Visa news, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction 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 transaction, the director now owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Denise M. Morrison acquired 1,000 shares of Visa 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 acquisition, 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. 0.17% of the stock is owned by insiders.
Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.20 EPS. On average, equities analysts forecast that Visa Inc will post 5.4 EPS for the current year.
A number of research firms have recently commented on V. Goldman Sachs Group reiterated a “buy” rating and issued a $202.00 price objective on shares of Visa in a research note on Wednesday, July 24th. Barclays boosted their price target on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. ValuEngine lowered Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, September 11th. Wedbush set a $187.00 price target on Visa and gave the company a “buy” rating in a research note on Tuesday, September 24th. Finally, Nomura boosted their price target on Visa from $178.00 to $204.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $196.57.
Visa Company 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.
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