TPG Financial Advisors LLC increased its stake in shares of Visa Inc (NYSE:V) by 11.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,427 shares of the credit-card processor’s stock after acquiring an additional 146 shares during the quarter. TPG Financial Advisors LLC’s holdings in Visa were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ridgewood Investments LLC bought a new position in Visa during the second quarter valued at approximately $239,000. Wills Financial Group Inc. increased its stake in Visa by 3.4% in the 2nd quarter. Wills Financial Group Inc. now owns 31,441 shares of the credit-card processor’s stock worth $6,074,000 after acquiring an additional 1,023 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. raised its holdings in shares of Visa by 4.1% during the 3rd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 3,160 shares of the credit-card processor’s stock worth $632,000 after acquiring an additional 125 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Visa by 5.0% during the 2nd quarter. Whittier Trust Co. now owns 429,246 shares of the credit-card processor’s stock valued at $82,917,000 after acquiring an additional 20,413 shares during the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Visa by 98.0% during the 2nd quarter. DNB Asset Management AS now owns 605,889 shares of the credit-card processor’s stock valued at $117,040,000 after acquiring an additional 299,941 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Shares of V stock opened at $200.26 on Friday. The company has a market capitalization of $388.98 billion, a P/E ratio of 38.14, a P/E/G ratio of 3.05 and a beta of 0.90. The company’s 50-day simple moving average is $203.88 and its two-hundred day simple moving average is $191.62. Visa Inc has a one year low of $133.93 and a one year high of $217.35. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.55 and a quick ratio of 1.55.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.05. The firm had revenue of $4.84 billion during 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%. Visa’s quarterly revenue was down 18.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.37 earnings per share. On average, research analysts expect that Visa Inc will post 5.01 EPS for the current fiscal year.

In other Visa news, Director Lloyd Carney sold 1,550 shares of the 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 in the company, valued at approximately $570,599.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $195.00, for a total transaction of $1,365,000.00. Following the transaction, the chief executive officer now directly owns 130,090 shares in the company, valued at approximately $25,367,550. The disclosure for this sale can be found here. Insiders sold a total of 118,122 shares of company stock valued at $24,748,541 over the last quarter. Company insiders own 0.19% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. 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 research note on Wednesday, July 29th. Daiwa Capital Markets reaffirmed a “neutral” rating and issued a $204.00 price target on shares of Visa in a report on Tuesday, July 21st. Mizuho reiterated a “buy” rating and issued a $250.00 price target on shares of Visa in a research report on Thursday, October 8th. Wells Fargo & Company upped their price objective on Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Finally, KeyCorp lifted their target price on Visa from $215.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, September 21st. Six analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Visa has a consensus rating of “Buy” and a consensus target price of $214.72.

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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