DNB Asset Management AS grew its stake in Visa Inc (NYSE:V) by 25.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 760,945 shares of the credit-card processor’s stock after purchasing an additional 155,056 shares during the quarter. Visa comprises approximately 1.6% of DNB Asset Management AS’s holdings, making the stock its 11th largest holding. DNB Asset Management AS’s holdings in Visa were worth $152,166,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of V. Advisor Group Holdings Inc. acquired a new stake in shares of Visa in the 1st quarter valued at approximately $102,656,000. Nordea Investment Management AB increased its stake in Visa by 136.6% in the second quarter. Nordea Investment Management AB now owns 7,031,720 shares of the credit-card processor’s stock valued at $1,344,816,000 after purchasing an additional 4,059,677 shares in the last quarter. Lone Pine Capital LLC acquired a new stake in Visa in the first quarter worth $536,526,000. BlackRock Inc. boosted its position in shares of Visa by 2.3% during the second quarter. BlackRock Inc. now owns 126,278,384 shares of the credit-card processor’s stock worth $24,393,195,000 after purchasing an additional 2,819,598 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Visa by 17.4% in the 1st quarter. Invesco Ltd. now owns 9,034,998 shares of the credit-card processor’s stock valued at $1,455,717,000 after buying an additional 1,335,945 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Shares of V opened at $200.26 on Friday. The firm has a market capitalization of $388.98 billion, a PE ratio of 38.14, a PEG ratio of 3.05 and a beta of 0.90. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55. The company’s 50-day moving average is $203.88 and its 200-day moving average is $191.62. Visa Inc has a fifty-two week low of $133.93 and a fifty-two week high of $217.35.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The firm had revenue of $4.84 billion for the quarter, compared to analysts’ expectations of $4.85 billion. During the same period in the prior year, the firm earned $1.37 EPS. The business’s revenue was down 18.6% on a year-over-year basis. Analysts predict that Visa Inc will post 5.01 earnings per share for the current fiscal year.

In related news, Director Lloyd Carney sold 1,550 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $192.64, for a total transaction of $298,592.00. Following the transaction, the director now directly owns 2,962 shares of the company’s stock, valued at $570,599.68. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Rajat Taneja sold 45,036 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. In the last quarter, insiders have sold 118,122 shares of company stock worth $24,748,541. 0.19% of the stock is owned by corporate insiders.

Several analysts recently commented on V shares. Oppenheimer assumed coverage on Visa in a research note on Tuesday, June 23rd. They set an “outperform” rating and a $202.00 price objective on the stock. Wedbush reaffirmed a “buy” rating and set a $220.00 price target on shares of Visa in a research report on Monday, October 5th. JPMorgan Chase & Co. boosted their price objective on Visa from $186.00 to $229.00 and gave the company an “overweight” rating in a research report on Monday, August 17th. Jefferies Financial Group raised their target price on shares of Visa from $185.00 to $205.00 and gave the stock a “hold” rating in a report on Friday, October 2nd. Finally, Raymond James upped their price target on shares of Visa from $204.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $214.72.

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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