Visa Inc. (V) Stake Raised by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC increased its holdings in Visa Inc. (NYSE:V) by 1.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,651 shares of the credit-card processor’s stock after purchasing an additional 51 shares during the period. Anchor Capital Advisors LLC’s holdings in Visa were worth $342,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after purchasing an additional 25 shares during the period. Smithfield Trust Co. grew its position in shares of Visa by 0.3% in the first quarter. Smithfield Trust Co. now owns 9,047 shares of the credit-card processor’s stock valued at $804,000 after purchasing an additional 25 shares during the period. Harwood Advisory Group LLC grew its position in shares of Visa by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 2,765 shares of the credit-card processor’s stock valued at $259,000 after purchasing an additional 25 shares during the period. Sky Investment Group LLC grew its position in shares of Visa by 0.9% in the second quarter. Sky Investment Group LLC now owns 2,685 shares of the credit-card processor’s stock valued at $252,000 after purchasing an additional 25 shares during the period. Finally, Sequoia Financial Advisors LLC grew its position in shares of Visa by 0.5% in the first quarter. Sequoia Financial Advisors LLC now owns 5,994 shares of the credit-card processor’s stock valued at $533,000 after purchasing an additional 27 shares during the period. 81.68% of the stock is owned by institutional investors and hedge funds.

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

A number of equities research analysts have recently commented on the company. Mizuho reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Visa in a research report on Thursday. Cowen and Company reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Visa in a research report on Thursday. Wells Fargo & Company raised Visa from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $107.01 to $120.00 in a research report on Tuesday. KeyCorp reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Visa in a research report on Wednesday, October 4th. Finally, Robert W. Baird reissued an “outperform” rating and set a $128.00 price target (up previously from $122.00) on shares of Visa in a research report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $109.40.

Shares of Visa Inc. (NYSE V) opened at 108.11 on Friday. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $108.71. The firm has a market cap of $247.19 billion, a PE ratio of 40.20 and a beta of 0.93. The firm’s 50-day moving average price is $105.03 and its 200 day moving average price is $97.44.

Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period last year, the business earned $0.69 earnings per share. The firm’s revenue for the quarter was up 25.8% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post $3.42 EPS for the current year.

Visa 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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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