Traynor Capital Management Inc. grew its holdings in Visa Inc. (NYSE:V) by 21.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,631 shares of the credit-card processor’s stock after buying an additional 2,198 shares during the quarter. Traynor Capital Management Inc.’s holdings in Visa were worth $1,256,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of Visa by 7.9% in the second quarter. Teacher Retirement System of Texas now owns 1,437,498 shares of the credit-card processor’s stock valued at $134,809,000 after buying an additional 105,262 shares in the last quarter. C WorldWide Group Holding A S increased its stake in shares of Visa by 6.1% in the second quarter. C WorldWide Group Holding A S now owns 8,891,064 shares of the credit-card processor’s stock valued at $833,803,000 after buying an additional 511,958 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Visa by 24.5% in the second quarter. First Trust Advisors LP now owns 213,674 shares of the credit-card processor’s stock valued at $20,038,000 after buying an additional 42,115 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Visa in the second quarter valued at $231,000. Finally, Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Visa by 18.3% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,971 shares of the credit-card processor’s stock valued at $560,000 after buying an additional 923 shares in the last quarter. Institutional investors own 81.65% of the company’s stock.

A number of brokerages have recently weighed in on V. Mizuho restated a “buy” rating and issued a $115.00 target price on shares of Visa in a research note on Thursday, October 12th. Cowen and Company restated a “buy” rating and issued a $107.00 target price on shares of Visa in a research note on Thursday, October 12th. Jefferies Group LLC restated a “buy” rating and issued a $125.00 target price (up from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Stephens began coverage on Visa in a research note on Friday, October 13th. They issued an “overweight” rating and a $125.00 target price for the company. Finally, Citigroup Inc. raised their target price on Visa from $115.00 to $124.00 and gave the company a “buy” rating in a research note on Wednesday, October 18th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $111.86.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

Shares of Visa Inc. (V) opened at 107.55 on Monday. The company has a market cap of $245.91 billion, a PE ratio of 40.00 and a beta of 0.93. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $109.26. The firm has a 50-day moving average price of $105.76 and a 200 day moving average price of $98.25.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is 24.54%.

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Visa 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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