San Francisco Sentry Investment Group CA lowered its holdings in Visa Inc (NYSE:V) by 19.6% in the third quarter, Holdings Channel.com reports. The firm owned 19,593 shares of the credit-card processor’s stock after selling 4,778 shares during the period. Visa comprises approximately 2.0% of San Francisco Sentry Investment Group CA’s investment portfolio, making the stock its 6th largest position. San Francisco Sentry Investment Group CA’s holdings in Visa were worth $3,918,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Cedar Mountain Advisors LLC lifted its position in shares of Visa by 102.6% in the second quarter. Cedar Mountain Advisors LLC now owns 158 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 80 shares in the last quarter. CVA Family Office LLC acquired a new position in Visa in the 1st quarter valued at approximately $32,000. Price Wealth LLC lifted its position in Visa by 90.0% in the 2nd quarter. Price Wealth LLC now owns 190 shares of the credit-card processor’s stock worth $37,000 after buying an additional 90 shares in the last quarter. Centerpoint Advisors LLC acquired a new stake in shares of Visa during the 2nd quarter valued at $43,000. Finally, American Research & Management Co. grew its holdings in shares of Visa by 27.1% during the 2nd quarter. American Research & Management Co. now owns 267 shares of the credit-card processor’s stock valued at $52,000 after acquiring an additional 57 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

In other news, insider Rajat Taneja sold 45,036 shares of the business’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $210.00, for a total transaction of $9,457,560.00. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $195.00, for a total value of $1,365,000.00. Following the completion of the transaction, the chief executive officer now owns 130,090 shares of the company’s stock, valued at $25,367,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,122 shares of company stock worth $24,748,541. Insiders own 0.19% of the company’s stock.

A number of research firms recently issued reports on V. KeyCorp lifted their price objective on Visa from $215.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, September 21st. Wedbush reiterated a “buy” rating and set a $220.00 price target on shares of Visa in a report on Monday, October 5th. Jefferies Financial Group boosted their price target on Visa from $185.00 to $205.00 and gave the company a “hold” rating in a research note on Friday, October 2nd. Mizuho reaffirmed a “buy” rating and set a $250.00 price objective on shares of Visa in a research report on Thursday, October 8th. Finally, Wells Fargo & Company lifted their target price on shares of Visa from $205.00 to $220.00 and gave the company an “overweight” rating in a research note on Monday, July 13th. Six investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $214.72.

Shares of V stock opened at $200.26 on Friday. Visa Inc has a 12 month low of $133.93 and a 12 month high of $217.35. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.59. The firm has a market cap of $388.98 billion, a PE ratio of 38.14, a price-to-earnings-growth ratio of 3.05 and a beta of 0.90. The stock has a 50 day moving average of $203.88 and a 200-day moving average of $191.62.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 28th. The credit-card processor reported $1.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.02 by $0.05. Visa had a net margin of 51.37% and a return on equity of 40.65%. The business had revenue of $4.84 billion for the quarter, compared to analyst estimates of $4.85 billion. During the same quarter in the previous year, the firm posted $1.37 earnings per share. Visa’s revenue was down 18.6% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc will post 5.01 EPS for the current fiscal year.

About Visa

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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