Visa Inc (NYSE:V) Shares Acquired by Principle Wealth Partners LLC

Principle Wealth Partners LLC grew its position in Visa Inc (NYSE:V) by 28.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 35,430 shares of the credit-card processor’s stock after acquiring an additional 7,954 shares during the quarter. Visa comprises about 2.1% of Principle Wealth Partners LLC’s holdings, making the stock its 12th largest position. Principle Wealth Partners LLC’s holdings in Visa were worth $6,094,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of V. Vanguard Group Inc. lifted its holdings in shares of Visa by 1.1% during the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after purchasing an additional 1,615,505 shares during the period. BlackRock Inc. lifted its holdings in shares of Visa by 2.3% during the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Visa by 0.5% during the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after purchasing an additional 379,577 shares during the period. Northern Trust Corp lifted its holdings in shares of Visa by 6.5% during the second quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock worth $3,642,991,000 after purchasing an additional 1,276,243 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in shares of Visa by 2.1% during the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after purchasing an additional 419,991 shares during the period. 80.98% of the stock is owned by institutional investors and hedge funds.

In other news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total value of $3,782,218.44. Following the completion of the transaction, the executive vice president now owns 227,126 shares in the company, valued at $40,589,687.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the transaction, the insider now owns 62,223 shares of the company’s stock, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders sold 53,215 shares of company stock valued at $9,564,487 in the last quarter. 0.17% of the stock is currently owned by company insiders.

V has been the subject of several recent research reports. Piper Jaffray Companies set a $207.00 price target on Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Wedbush set a $187.00 price target on Visa and gave the stock a “buy” rating in a report on Tuesday, September 24th. KeyCorp increased their price target on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Robert W. Baird set a $196.00 price target on Visa and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Citigroup increased their price target on Visa from $185.00 to $206.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $199.04.

NYSE:V traded up $0.54 during trading hours on Friday, hitting $178.97. The company’s stock had a trading volume of 3,777,681 shares, compared to its average volume of 7,614,820. The business’s 50-day moving average is $176.22 and its two-hundred day moving average is $173.43. The company has a market capitalization of $349.90 billion, a PE ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56. Visa Inc has a 52-week low of $121.60 and a 52-week high of $187.05.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. The firm had revenue of $6.14 billion during the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a return on equity of 42.57% and a net margin of 52.57%. Visa’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share. As a group, analysts predict that Visa Inc will post 6.21 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s payout ratio is 18.38%.

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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