WFA of San Diego LLC purchased a new stake in shares of Visa Inc (NYSE:V) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 4,046 shares of the credit-card processor’s stock, valued at approximately $832,000.

Several other institutional investors have also recently made changes to their positions in V. D L Carlson Investment Group Inc. bought a new position in shares of Visa in the 1st quarter valued at approximately $322,000. Bell Rock Capital LLC increased its position in Visa by 2.8% in the 1st quarter. Bell Rock Capital LLC now owns 10,101 shares of the credit-card processor’s stock worth $1,627,000 after buying an additional 273 shares during the period. Townsend Asset Management Corp NC ADV increased its position in Visa by 8.4% in the 1st quarter. Townsend Asset Management Corp NC ADV now owns 23,784 shares of the credit-card processor’s stock worth $3,832,000 after buying an additional 1,838 shares during the period. Oakworth Capital Inc. increased its position in Visa by 13.1% in the 1st quarter. Oakworth Capital Inc. now owns 7,916 shares of the credit-card processor’s stock worth $1,275,000 after buying an additional 914 shares during the period. Finally, Somerville Kurt F increased its position in Visa by 28.1% in the 1st quarter. Somerville Kurt F now owns 7,285 shares of the credit-card processor’s stock worth $1,173,000 after buying an additional 1,600 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Visa stock traded up $0.52 on Wednesday, reaching $205.91. The company’s stock had a trading volume of 283,754 shares, compared to its average volume of 10,522,517. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 1.55. The company has a market cap of $398.95 billion, a price-to-earnings ratio of 39.47, a PEG ratio of 3.05 and a beta of 0.90. The business’s fifty day moving average price is $201.69 and its 200 day moving average price is $186.71. Visa Inc has a twelve month low of $133.93 and a twelve month high of $217.35.

Visa (NYSE:V) last posted its quarterly earnings data 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. The company had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. Visa had a return on equity of 40.65% and a net margin of 51.37%. The business’s revenue was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.37 earnings per share. As a group, equities analysts forecast that Visa Inc will post 5.01 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, August 13th. Visa’s dividend payout ratio is currently 22.06%.

In other news, insider Rajat Taneja sold 45,036 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $212.00, for a total value of $1,484,000.00. Following the transaction, the chief executive officer now directly owns 127,090 shares in the company, valued at approximately $26,943,080. The disclosure for this sale can be found here. In the last three months, insiders sold 118,122 shares of company stock worth $24,683,231. Insiders own 0.19% of the company’s stock.

Several research analysts have commented on the company. Wedbush lifted their price target on Visa from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Monday, June 1st. KeyCorp lifted their price target on Visa from $190.00 to $215.00 and gave the stock a “positive” rating in a research report on Monday, August 3rd. Cowen lifted their price target on Visa from $189.00 to $196.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 20th. Citigroup lifted their price target on Visa from $205.00 to $223.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Finally, SunTrust Banks boosted their price objective on Visa from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, June 2nd. Six analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $213.34.

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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