TRB Advisors LP raised its stake in shares of Visa Inc. (NYSE:V) by 283.3% during the first quarter, Holdings Channel reports. The institutional investor owned 575,000 shares of the credit-card processor’s stock after buying an additional 425,000 shares during the period. Visa accounts for about 77.8% of TRB Advisors LP’s holdings, making the stock its largest position. TRB Advisors LP’s holdings in Visa were worth $51,101,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Integrated Investment Consultants LLC raised its position in Visa by 0.7% in the first quarter. Integrated Investment Consultants LLC now owns 2,961 shares of the credit-card processor’s stock valued at $263,000 after buying an additional 20 shares during the period. Mercer Capital Advisers Inc. raised its position in 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 buying an additional 25 shares during the period. Smithfield Trust Co. raised its position in 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 buying an additional 25 shares during the period. Nicolet Bankshares Inc. raised its position in Visa by 0.3% in the first quarter. Nicolet Bankshares Inc. now owns 9,312 shares of the credit-card processor’s stock valued at $828,000 after buying an additional 27 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in 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 buying an additional 27 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.

Visa Inc. (NYSE V) traded up 0.57% during trading on Friday, hitting $100.06. 1,568,985 shares of the company traded hands. The firm has a market cap of $228.78 billion, a price-to-earnings ratio of 37.21 and a beta of 0.94. The company’s 50-day moving average is $97.57 and its 200 day moving average is $91.96. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $101.72.

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

Visa declared that its Board of Directors has authorized a stock repurchase plan on Thursday, April 20th that permits the company to repurchase $5.00 billion in shares. This repurchase authorization permits the credit-card processor to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. The ex-dividend date of this dividend is Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is presently 24.54%.

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Several research firms recently commented on V. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Tuesday, August 1st. Citigroup Inc. reiterated a “buy” rating and set a $115.00 price objective (up previously from $100.00) on shares of Visa in a research note on Monday, July 24th. Wells Fargo & Company reiterated a “market perform” rating and set a $100.00 price objective (up previously from $87.50) on shares of Visa in a research note on Saturday, July 22nd. Finally, Credit Suisse Group set a $112.00 price objective on shares of Visa and gave the stock a “buy” rating in a research note on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $104.56.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction 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 completion of the transaction, the executive vice president now owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

About Visa

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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