Visa Inc (NYSE:V) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Visa Inc (NYSE:V) by 13.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,398 shares of the credit-card processor’s stock after acquiring an additional 2,600 shares during the period. International Assets Investment Management LLC’s holdings in Visa were worth $2,404,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Franklin Street Advisors Inc. NC raised its position in Visa by 3.2% in the fourth quarter. Franklin Street Advisors Inc. NC now owns 1,634 shares of the credit-card processor’s stock valued at $307,000 after purchasing an additional 51 shares during the period. BEAM Asset Management LLC increased its position in shares of Visa by 2.0% during the second quarter. BEAM Asset Management LLC now owns 2,654 shares of the credit-card processor’s stock worth $525,000 after acquiring an additional 52 shares during the period. Perennial Investment Advisors LLC increased its position in shares of Visa by 2.6% during the second quarter. Perennial Investment Advisors LLC now owns 2,023 shares of the credit-card processor’s stock worth $391,000 after acquiring an additional 52 shares during the period. Ironwood Investment Counsel LLC increased its position in shares of Visa by 1.0% during the first quarter. Ironwood Investment Counsel LLC now owns 5,509 shares of the credit-card processor’s stock worth $887,000 after acquiring an additional 57 shares during the period. Finally, Laurel Wealth Advisors LLC increased its position in shares of Visa by 3.7% during the first quarter. Laurel Wealth Advisors LLC now owns 1,588 shares of the credit-card processor’s stock worth $256,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 81.41% of the company’s stock.

In other news, insider Rajat Taneja sold 3,279 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $202.02, for a total transaction of $662,423.58. Following the sale, the insider now owns 221,282 shares in the company, valued at $44,703,389.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $191.49, for a total transaction of $1,340,430.00. Following the sale, the chief executive officer now owns 133,090 shares in the company, valued at approximately $25,485,404.10. The disclosure for this sale can be found here. Insiders sold a total of 50,429 shares of company stock worth $9,654,214 over the last quarter. Insiders own 0.19% of the company’s stock.

Shares of NYSE:V opened at $198.47 on Tuesday. The company has a 50 day moving average of $194.27 and a 200-day moving average of $186.79. The firm has a market cap of $379.16 billion, a P/E ratio of 34.29, a P/E/G ratio of 3.09 and a beta of 0.92. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same period in the prior year, the business posted $1.31 EPS. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts forecast that Visa Inc will post 5 EPS for the current year.

Several equities analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Visa from $182.00 to $203.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Credit Suisse Group dropped their target price on Visa from $223.00 to $200.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Raymond James increased their target price on Visa from $188.00 to $204.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Robert W. Baird increased their target price on Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 31st. Finally, Zacks Investment Research raised Visa from a “sell” rating to a “hold” rating and set a $181.00 target price on the stock in a report on Sunday, May 3rd. Five analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $207.62.

About Visa

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.

Further Reading: Limitations of the P/E Growth ratio

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Institutional Ownership by Quarter for Visa (NYSE:V)

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