Visa Inc (V) Shares Sold by Beacon Financial Group

Beacon Financial Group trimmed its holdings in Visa Inc (NYSE:V) by 4.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,815 shares of the credit-card processor’s stock after selling 1,128 shares during the period. Beacon Financial Group’s holdings in Visa were worth $3,724,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of V. HC Financial Advisors Inc. bought a new position in shares of Visa during the 4th quarter worth approximately $2,805,000. Parsons Capital Management Inc. RI raised its stake in shares of Visa by 23.9% during the 1st quarter. Parsons Capital Management Inc. RI now owns 30,191 shares of the credit-card processor’s stock worth $3,611,000 after acquiring an additional 5,825 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Visa by 7.0% during the 1st quarter. Principal Financial Group Inc. now owns 4,197,728 shares of the credit-card processor’s stock worth $502,132,000 after acquiring an additional 276,308 shares in the last quarter. Impax Asset Management LLC raised its stake in shares of Visa by 11.9% during the 1st quarter. Impax Asset Management LLC now owns 166,463 shares of the credit-card processor’s stock worth $19,912,000 after acquiring an additional 17,692 shares in the last quarter. Finally, HRT Financial LLC bought a new position in shares of Visa during the 1st quarter worth approximately $3,397,000. 80.15% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on V. Wells Fargo & Co boosted their price objective on shares of Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research note on Monday, October 1st. Bank of America boosted their price objective on shares of Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. BMO Capital Markets boosted their price objective on shares of Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research note on Thursday, October 25th. Finally, Credit Suisse Group boosted their price objective on shares of Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $156.09.

NYSE:V opened at $132.87 on Monday. The company has a market cap of $270.29 billion, a price-to-earnings ratio of 28.82, a P/E/G ratio of 1.45 and a beta of 1.11. Visa Inc has a twelve month low of $106.60 and a twelve month high of $151.56. The company has a current ratio of 1.61, a quick ratio of 1.69 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last released its earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. On average, equities research analysts expect that Visa Inc will post 5.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, November 15th. This is an increase from Visa’s previous quarterly dividend of $0.21. Visa’s payout ratio is currently 21.69%.

In other news, EVP William M. Sheedy sold 3,643 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total value of $484,774.01. Following the sale, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at approximately $32,200,677.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the sale, the executive vice president now directly owns 296,925 shares in the company, valued at $41,355,714. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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Visa Company Profile

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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