Sand Hill Global Advisors LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 3.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,789 shares of the credit-card processor’s stock after selling 2,356 shares during the quarter. Visa accounts for approximately 0.8% of Sand Hill Global Advisors LLC’s portfolio, making the stock its 22nd largest holding. Sand Hill Global Advisors LLC’s holdings in Visa were worth $7,201,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of V. Edgestream Partners L.P. grew its position in Visa by 87.9% during the second quarter. Edgestream Partners L.P. now owns 172,653 shares of the credit-card processor’s stock worth $16,191,000 after buying an additional 80,778 shares during the period. CIBC World Markets Inc. acquired a new position in Visa during the second quarter worth about $55,498,000. Commonwealth Bank of Australia grew its position in Visa by 4.3% during the second quarter. Commonwealth Bank of Australia now owns 92,595 shares of the credit-card processor’s stock worth $8,682,000 after buying an additional 3,782 shares during the period. Engineers Gate Manager LP grew its position in Visa by 104.6% during the second quarter. Engineers Gate Manager LP now owns 21,483 shares of the credit-card processor’s stock worth $2,015,000 after buying an additional 10,983 shares during the period. Finally, Rathbone Brothers plc grew its position in Visa by 16.4% during the second quarter. Rathbone Brothers plc now owns 963,115 shares of the credit-card processor’s stock worth $90,321,000 after buying an additional 135,496 shares during the period. Institutional investors and hedge funds own 81.73% of the company’s stock.

Shares of Visa Inc. (NYSE:V) traded down $1.86 on Friday, hitting $110.73. 13,098,202 shares of the company traded hands, compared to its average volume of 6,275,239. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $233,246.06, a P/E ratio of 32.35, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. Visa Inc. has a fifty-two week low of $75.17 and a fifty-two week high of $113.62.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 earnings per share. equities research analysts expect that Visa Inc. will post 4.05 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be paid a dividend of $0.195 per share. This is an increase from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is presently 27.86%.

Several research firms have recently commented on V. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research report on Thursday, November 2nd. Jefferies Group increased their price target on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Buckingham Research increased their price target on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Nomura increased their price target on shares of Visa from $120.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Barclays increased their price target on shares of Visa from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Visa currently has a consensus rating of “Buy” and a consensus target price of $116.08.

In related news, SVP James H. Hoffmeister sold 2,146 shares of the company’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 transaction of $240,545.14. Following the transaction, the senior vice president now owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.14% of the company’s stock.

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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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