Benjamin F. Edwards & Company Inc. grew its stake in Visa Inc (NYSE:V) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,796 shares of the credit-card processor’s stock after purchasing an additional 639 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in Visa were worth $4,609,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Berkeley Capital Partners LLC boosted its position in Visa by 1.5% during the second quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock worth $684,000 after acquiring an additional 57 shares during the last quarter. Enterprise Financial Services Corp boosted its position in Visa by 0.8% during the second quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock worth $1,328,000 after acquiring an additional 59 shares during the last quarter. Radnor Capital Management LLC boosted its position in Visa by 0.8% during the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock worth $1,399,000 after acquiring an additional 60 shares during the last quarter. Lakeview Capital Partners LLC boosted its position in Visa by 1.5% during the third quarter. Lakeview Capital Partners LLC now owns 4,035 shares of the credit-card processor’s stock worth $694,000 after acquiring an additional 60 shares during the last quarter. Finally, Peninsula Wealth LLC boosted its position in Visa by 0.8% during the second quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock worth $1,319,000 after acquiring an additional 61 shares during the last quarter. Institutional investors and hedge funds own 80.98% of the company’s stock.

A number of brokerages have commented on V. Jefferies Financial Group set a $210.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Friday, October 25th. KeyCorp lifted their target price on shares of Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Credit Suisse Group lifted their target price on shares of Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Barclays lifted their target price on shares of Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Finally, Robert W. Baird set a $196.00 target price on shares of Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. Three research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Visa has an average rating of “Buy” and an average price target of $199.04.

In other news, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William M. Sheedy sold 21,164 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now directly owns 227,126 shares in the company, valued at $40,589,687.46. The disclosure for this sale can be found here. Insiders sold a total of 53,215 shares of company stock worth $9,564,487 over the last three months. Insiders own 0.17% of the company’s stock.

Visa stock opened at $178.97 on Friday. The company’s 50 day simple moving average is $176.22 and its 200-day simple moving average is $173.43. The company has a market capitalization of $349.90 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94. Visa Inc has a 1 year low of $121.60 and a 1 year high of $187.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. The business had revenue of $6.14 billion for the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business’s revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.21 EPS. Equities analysts expect that Visa Inc will post 6.21 earnings per share for the current year.

The business also recently declared a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio (DPR) is 18.38%.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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