Quadrant Capital Group LLC cut its position in Visa Inc. (NYSE:V) by 2.5% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,236 shares of the credit-card processor’s stock after selling 108 shares during the period. Quadrant Capital Group LLC’s holdings in Visa were worth $339,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Banced Corp boosted its position in shares of Visa by 43.0% in the second quarter. Banced Corp now owns 4,475 shares of the credit-card processor’s stock worth $312,000 after buying an additional 1,345 shares in the last quarter. Capital Planning Advisors LLC boosted its stake in Visa by 22.6% in the second quarter. Capital Planning Advisors LLC now owns 30,335 shares of the credit-card processor’s stock worth $2,250,000 after buying an additional 5,582 shares during the period. Meristem LLP boosted its stake in Visa by 3.7% in the second quarter. Meristem LLP now owns 8,346 shares of the credit-card processor’s stock worth $619,000 after buying an additional 301 shares during the period. TIAA CREF Trust Co. FSB MO boosted its stake in Visa by 2.6% in the second quarter. TIAA CREF Trust Co. FSB MO now owns 193,344 shares of the credit-card processor’s stock worth $14,341,000 after buying an additional 4,821 shares during the period. Finally, LS Investment Advisors LLC boosted its stake in Visa by 1.7% in the second quarter. LS Investment Advisors LLC now owns 251,346 shares of the credit-card processor’s stock worth $18,642,000 after buying an additional 4,140 shares during the period. 79.56% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc. (NYSE:V) traded down 0.25% during midday trading on Friday, hitting $81.17. 7,291,220 shares of the company traded hands. The firm has a market capitalization of $189.94 billion, a PE ratio of 32.07 and a beta of 0.95. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.96. The stock’s 50-day moving average is $79.05 and its 200-day moving average is $80.18.

Visa (NYSE:V) last issued its earnings results on Monday, October 24th. The credit-card processor reported $0.78 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.05. Visa had a net margin of 39.72% and a return on equity of 24.31%. The firm earned $4.26 billion during the quarter. During the same period in the previous year, the company posted $0.62 EPS. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. Analysts anticipate that Visa Inc. will post $3.29 EPS for the current fiscal year.

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V has been the topic of a number of recent analyst reports. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $87.75 price target on the stock in a report on Thursday, October 20th. Nomura reaffirmed a “buy” rating and set a $91.00 price target on shares of Visa in a report on Friday, October 21st. Deutsche Bank AG reaffirmed a “buy” rating and set a $103.00 price target on shares of Visa in a report on Friday, October 21st. Jefferies Group reaffirmed a “buy” rating and set a $93.00 price target on shares of Visa in a report on Friday, October 21st. Finally, Drexel Hamilton raised Visa from a “hold” rating to a “buy” rating in a report on Monday, October 24th. Five equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $91.65.

In other Visa news, President Ryan Mcinerney sold 18,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total value of $1,534,020.00. Following the completion of the sale, the president now owns 12,548 shares of the company’s stock, valued at $1,040,480.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Charles W. Scharf sold 772,912 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The shares were sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the completion of the sale, the insider now directly owns 852,880 shares of the company’s stock, valued at approximately $70,490,532. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

Visa Company Profile

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

5 Day Chart for NYSE:V

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