Barnett & Company Inc. grew its holdings in shares of Visa Inc. (NYSE:V) by 202.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,000 shares of the credit-card processor’s stock after acquiring an additional 2,008 shares during the period. Barnett & Company Inc.’s holdings in Visa were worth $281,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in V. Waldron LP grew its stake in shares of Visa by 61.6% during the first quarter. Waldron LP now owns 8,951 shares of the credit-card processor’s stock valued at $791,000 after acquiring an additional 3,412 shares in the last quarter. Osborne Partners Capital Management LLC grew its stake in shares of Visa by 299.5% during the first quarter. Osborne Partners Capital Management LLC now owns 14,041 shares of the credit-card processor’s stock valued at $1,248,000 after acquiring an additional 10,526 shares in the last quarter. Personal Capital Advisors Corp grew its stake in shares of Visa by 139.1% during the first quarter. Personal Capital Advisors Corp now owns 10,401 shares of the credit-card processor’s stock valued at $928,000 after acquiring an additional 6,051 shares in the last quarter. BTIM Corp. grew its stake in shares of Visa by 1.7% during the first quarter. BTIM Corp. now owns 765,690 shares of the credit-card processor’s stock valued at $68,047,000 after acquiring an additional 12,444 shares in the last quarter. Finally, First Manhattan Co. grew its stake in shares of Visa by 0.5% during the first quarter. First Manhattan Co. now owns 70,770 shares of the credit-card processor’s stock valued at $5,852,000 after acquiring an additional 368 shares in the last quarter. Institutional investors own 81.69% of the company’s stock.

Visa Inc. (NYSE V) opened at 106.73 on Friday. The firm has a market cap of $244.03 billion, a price-to-earnings ratio of 39.69 and a beta of 0.93. The company’s 50 day moving average is $104.52 and its 200-day moving average is $96.90. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.96.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period in the prior year, the business earned $0.69 earnings per share. Visa’s quarterly revenue was up 25.8% on a year-over-year basis. On average, analysts predict that Visa Inc. will post $3.43 EPS for the current fiscal year.

Several analysts have recently weighed in on V shares. Oppenheimer Holdings, Inc. raised their target price on Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Jefferies Group LLC raised their target price on Visa from $104.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $100.12 target price for the company in a research note on Tuesday, June 27th. Mizuho began coverage on Visa in a research note on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price target for the company. Finally, BidaskClub downgraded Visa from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three investment analysts have rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $108.76.

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In other news, Director Mary B. Cranston sold 10,400 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by corporate insiders.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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