Sandy Spring Bank raised its stake in shares of Visa Inc (NYSE:V) by 14.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 21,998 shares of the credit-card processor’s stock after purchasing an additional 2,851 shares during the period. Sandy Spring Bank’s holdings in Visa were worth $2,315,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Krilogy Financial LLC lifted its holdings in shares of Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after purchasing an additional 7 shares during the last quarter. Capital Investment Advisory Services LLC lifted its holdings in shares of Visa by 0.4% during the 2nd quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock valued at $445,000 after purchasing an additional 20 shares during the last quarter. Baker Ellis Asset Management LLC lifted its holdings in shares of Visa by 0.3% during the 2nd quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock valued at $587,000 after purchasing an additional 20 shares during the last quarter. Lakeview Capital Partners LLC lifted its holdings in shares of Visa by 0.8% during the 2nd quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock valued at $402,000 after purchasing an additional 34 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC lifted its holdings in shares of Visa by 0.5% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after purchasing an additional 38 shares during the last quarter. 81.55% of the stock is currently owned by institutional investors and hedge funds.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock valued at $6,597,262 in the last quarter. Company insiders own 0.14% of the company’s stock.

Visa Inc (V) opened at $120.39 on Wednesday. The firm has a market capitalization of $248,783.38, a PE ratio of 34.51, a price-to-earnings-growth ratio of 1.75 and a beta of 0.97. Visa Inc has a 52 week low of $80.76 and a 52 week high of $121.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $0.78 EPS. equities research analysts expect that Visa Inc will post 4.08 earnings per share for the current fiscal year.

Several analysts have recently commented on the company. Cowen reiterated a “buy” rating and set a $129.00 price objective on shares of Visa in a report on Friday, January 12th. Citigroup reiterated a “buy” rating and set a $136.00 price objective (up previously from $124.00) on shares of Visa in a report on Friday, January 12th. Wells Fargo & Co reiterated an “outperform” rating and set a $135.00 price objective (up previously from $127.00) on shares of Visa in a report on Tuesday, January 9th. Stephens reiterated a “buy” rating and set a $135.00 price objective on shares of Visa in a report on Wednesday, January 10th. Finally, Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $121.05 price objective for the company. in a report on Monday, January 8th. Four analysts have rated the stock with a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average price target of $122.03.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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