Principle Wealth Partners LLC grew its position in Visa Inc (NYSE:V) by 28.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,430 shares of the credit-card processor’s stock after acquiring an additional 7,954 shares during the quarter. Visa comprises about 2.1% of Principle Wealth Partners LLC’s portfolio, making the stock its 12th largest position. Principle Wealth Partners LLC’s holdings in Visa were worth $6,094,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bath Savings Trust Co increased its stake in Visa by 14.5% in the 2nd quarter. Bath Savings Trust Co now owns 10,224 shares of the credit-card processor’s stock worth $1,774,000 after buying an additional 1,296 shares during the period. Cox Capital Mgt LLC increased its stake in Visa by 2.0% in the 2nd quarter. Cox Capital Mgt LLC now owns 15,784 shares of the credit-card processor’s stock worth $2,739,000 after buying an additional 315 shares during the period. Thomasville National Bank increased its stake in Visa by 1.0% in the 2nd quarter. Thomasville National Bank now owns 98,183 shares of the credit-card processor’s stock worth $17,039,000 after buying an additional 932 shares during the period. Park National Corp OH increased its stake in Visa by 8.3% in the 2nd quarter. Park National Corp OH now owns 115,812 shares of the credit-card processor’s stock worth $20,099,000 after buying an additional 8,901 shares during the period. Finally, Winfield Associates Inc. increased its stake in Visa by 0.7% in the 2nd quarter. Winfield Associates Inc. now owns 32,439 shares of the credit-card processor’s stock worth $5,630,000 after buying an additional 230 shares during the period. 80.98% of the stock is currently owned by institutional investors and hedge funds.

V has been the topic of several recent research reports. Robert W. Baird set a $196.00 target price on shares of Visa and gave the stock a “buy” rating in a report on Friday, July 19th. Morgan Stanley reiterated an “overweight” rating and set a $207.00 target price on shares of Visa in a report on Friday, October 25th. UBS Group increased their target price on shares of Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Nomura increased their target price on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Finally, SunTrust Banks increased their target price on shares of Visa to $205.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $199.04.

Shares of NYSE:V traded up $0.54 during trading on Friday, reaching $178.97. The stock had a trading volume of 3,777,681 shares, compared to its average volume of 7,614,820. Visa Inc has a one year low of $121.60 and a one year high of $187.05. The company has a market capitalization of $349.90 billion, a P/E ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94. The company has a current ratio of 1.56, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. The firm’s 50-day simple moving average is $176.22 and its 200 day simple moving average is $173.43.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.04. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same period last year, the business earned $1.21 EPS. The company’s revenue was up 12.9% compared to the same quarter last year. Equities research analysts forecast that Visa Inc will post 6.21 earnings per share for the current fiscal year.

The company also recently declared a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date is Thursday, November 14th. Visa’s dividend payout ratio is currently 18.38%.

In related news, insider Vasant M. Prabhu sold 25,051 shares of Visa 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 completion of the sale, the insider now directly owns 62,223 shares in the company, valued at approximately $11,271,074.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William M. Sheedy sold 21,164 shares of Visa stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $178.71, for a total transaction of $3,782,218.44. Following the completion of the sale, the executive vice president now owns 227,126 shares of the company’s stock, valued at $40,589,687.46. The disclosure for this sale can be found here. Insiders sold a total of 53,215 shares of company stock worth $9,564,487 over the last 90 days. Company insiders own 0.17% of the company’s stock.

About Visa

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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