Nelson Van Denburg & Campbell Wealth Management Group LLC reduced its position in shares of Visa Inc (NYSE:V) by 0.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,249 shares of the credit-card processor’s stock after selling 137 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Visa were worth $3,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Krane Funds Advisors LLC bought a new stake in Visa in the 2nd quarter valued at $26,000. Lowe Wealth Advisors LLC boosted its holdings in Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the period. Personal Wealth Partners bought a new stake in Visa in the 2nd quarter valued at $30,000. Mcmillion Capital Management Inc. bought a new stake in Visa in the 2nd quarter valued at $38,000. Finally, Hexavest Inc. bought a new stake in Visa in the 2nd quarter valued at $40,000. 80.99% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:V traded up $2.52 during midday trading on Wednesday, reaching $174.94. 670,511 shares of the company’s stock were exchanged, compared to its average volume of 7,694,337. The firm has a market capitalization of $349.13 billion, a PE ratio of 37.95, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96. 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 company’s 50 day simple moving average is $177.29 and its two-hundred day simple moving average is $170.32. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05.

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

A number of brokerages have weighed in on V. Morgan Stanley increased their price target on shares of Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Wedbush set a $187.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group raised their price objective on shares of Visa from $190.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Jaffray Companies set a $207.00 price objective on shares of Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $202.00 price objective on shares of Visa in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $196.57.

In related news, Director Lloyd Carney sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares in the company, valued at approximately $630,783.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the sale, the insider now owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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