Peregrine Capital Management LLC grew its stake in shares of Visa Inc (NYSE:V) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,338 shares of the credit-card processor’s stock after purchasing an additional 7,161 shares during the quarter. Visa comprises about 1.2% of Peregrine Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Peregrine Capital Management LLC’s holdings in Visa were worth $43,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Sunbelt Securities Inc. boosted its stake in shares of Visa by 6.3% during the 4th quarter. Sunbelt Securities Inc. now owns 55,719 shares of the credit-card processor’s stock worth $10,470,000 after acquiring an additional 3,298 shares during the period. Stillwater Investment Management LLC boosted its stake in shares of Visa by 1.4% during the 1st quarter. Stillwater Investment Management LLC now owns 39,410 shares of the credit-card processor’s stock worth $6,350,000 after acquiring an additional 560 shares during the period. Woodstock Corp boosted its stake in shares of Visa by 1.1% during the 1st quarter. Woodstock Corp now owns 22,045 shares of the credit-card processor’s stock worth $3,552,000 after acquiring an additional 235 shares during the period. Lenox Wealth Advisors LLC boosted its stake in shares of Visa by 1.6% during the 1st quarter. Lenox Wealth Advisors LLC now owns 5,793 shares of the credit-card processor’s stock worth $933,000 after acquiring an additional 92 shares during the period. Finally, Pensionfund Sabic boosted its stake in shares of Visa by 3.6% during the 1st quarter. Pensionfund Sabic now owns 28,400 shares of the credit-card processor’s stock worth $4,576,000 after acquiring an additional 1,000 shares during the period. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $195.00, for a total value of $1,365,000.00. Following the completion of the transaction, the chief executive officer now owns 130,090 shares of the company’s stock, valued at approximately $25,367,550. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Rajat Taneja sold 3,279 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $202.02, for a total value of $662,423.58. Following the completion of the transaction, the insider now directly owns 221,282 shares of the company’s stock, valued at approximately $44,703,389.64. The disclosure for this sale can be found here. Insiders have sold a total of 50,429 shares of company stock valued at $9,746,754 in the last three months. 0.19% of the stock is owned by insiders.

Shares of Visa stock traded down $3.66 during trading on Friday, reaching $190.40. 14,186,004 shares of the company’s stock were exchanged, compared to its average volume of 7,102,219. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.25 and a current ratio of 1.55. Visa Inc has a 1-year low of $133.93 and a 1-year high of $214.17. The company has a market cap of $377.15 billion, a P/E ratio of 36.07, a PEG ratio of 3.09 and a beta of 0.92. The firm’s 50-day moving average price is $194.04 and its 200 day moving average price is $187.14.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.05. Visa had a return on equity of 40.65% and a net margin of 51.37%. The company had revenue of $4.84 billion during the quarter, compared to analysts’ expectations of $4.85 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. Visa’s revenue was down 18.6% on a year-over-year basis. As a group, equities research analysts predict that Visa Inc will post 4.98 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Friday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is currently 22.06%.

Several research analysts have recently commented on the company. SunTrust Banks lifted their target price on Visa from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, June 2nd. Daiwa Capital Markets restated a “neutral” rating and issued a $204.00 price target on shares of Visa in a research note on Tuesday, July 21st. UBS Group reduced their price target on Visa from $190.00 to $188.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Royal Bank of Canada boosted their price target on Visa from $195.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, BMO Capital Markets reduced their price target on Visa from $234.00 to $213.00 and set an “outperform” rating for the company in a research note on Monday, May 4th. Seven 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 price target of $207.56.

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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