NewSquare Capital LLC lifted its position in Visa Inc (NYSE:V) by 29.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 310 shares of the credit-card processor’s stock after acquiring an additional 70 shares during the period. NewSquare Capital LLC’s holdings in Visa were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of V. Vanguard Group Inc. raised its position in Visa by 1.1% in the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock valued at $25,507,824,000 after purchasing an additional 1,615,505 shares during the period. BlackRock Inc. raised its position in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock valued at $21,483,952,000 after purchasing an additional 2,773,330 shares during the period. FMR LLC raised its position in Visa by 1.9% in the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after purchasing an additional 1,731,813 shares during the period. Price T Rowe Associates Inc. MD raised its position in Visa by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock valued at $13,651,254,000 after purchasing an additional 379,577 shares during the period. Finally, Northern Trust Corp raised its position in Visa by 6.5% in the second quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock valued at $3,642,991,000 after purchasing an additional 1,276,243 shares during the period. 81.02% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on V shares. Morgan Stanley lifted their target price on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. UBS Group boosted their price objective on Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a report on Thursday, August 1st. Jefferies Financial Group boosted their price objective on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Guggenheim boosted their price objective on Visa from $178.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their price objective on Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $196.57.

In related news, Director Denise M. Morrison acquired 1,000 shares of Visa stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $171.13 per share, with a total value of $171,130.00. Following the purchase, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vasant M. Prabhu sold 25,051 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the sale, the insider now directly owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Shares of NYSE:V traded down $2.29 on Wednesday, hitting $176.46. 784,002 shares of the company’s stock were exchanged, compared to its average volume of 8,335,472. The firm’s 50-day moving average is $177.13 and its 200 day moving average is $171.13. The company has a market capitalization of $351.27 billion, a PE ratio of 38.28, a P/E/G ratio of 1.82 and a beta of 0.96. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.20 EPS. On average, analysts anticipate that Visa Inc will post 5.41 EPS for the current fiscal year.

Visa 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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