Daiwa Securities Group Inc. Decreases Position in Visa Inc (V)

Daiwa Securities Group Inc. reduced its stake in Visa Inc (NYSE:V) by 6.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 176,095 shares of the credit-card processor’s stock after selling 11,846 shares during the period. Daiwa Securities Group Inc.’s holdings in Visa were worth $18,533,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in V. Krilogy Financial LLC grew its holdings in Visa by 0.3% in the second quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock worth $241,000 after purchasing an additional 7 shares during the period. Capital Investment Advisory Services LLC grew its holdings in Visa by 0.4% in the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after purchasing an additional 20 shares during the period. Baker Ellis Asset Management LLC grew its holdings in Visa by 0.3% in the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after purchasing an additional 20 shares during the period. Lakeview Capital Partners LLC grew its holdings in Visa by 0.8% in the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 34 shares during the period. Finally, Raab & Moskowitz Asset Management LLC grew its holdings in Visa by 0.5% in the second quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock worth $739,000 after purchasing an additional 38 shares during the period. 81.50% of the stock is owned by institutional investors.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total transaction of $707,587.20. Following the completion of the sale, the director now owns 57,368 shares in the company, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock worth $6,597,262 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Shares of Visa Inc (NYSE:V) opened at $120.09 on Friday. Visa Inc has a fifty-two week low of $80.76 and a fifty-two week high of $120.48. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a market cap of $272,150.00, a P/E ratio of 42.89, a PEG ratio of 1.75 and a beta of 0.99.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. sell-side analysts forecast that Visa Inc will post 4.07 EPS for the current year.

A number of equities research analysts have weighed in on V shares. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Tuesday, September 19th. Royal Bank of Canada restated a “buy” rating and issued a $124.00 price objective on shares of Visa in a report on Friday, September 22nd. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 price objective on the stock in a report on Tuesday, September 26th. Robert W. Baird restated a “buy” rating and issued a $122.00 price objective on shares of Visa in a report on Tuesday, September 26th. Finally, Cantor Fitzgerald started coverage on shares of Visa in a report on Thursday, September 28th. They issued an “overweight” rating and a $120.00 price objective on the stock. Four research 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. The company currently has a consensus rating of “Buy” and a consensus target price 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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