Harel Insurance Investments & Financial Services Ltd. grew its position in Visa Inc (NYSE:V) by 38.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,970 shares of the credit-card processor’s stock after buying an additional 46,681 shares during the quarter. Visa makes up approximately 1.8% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 19th largest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in Visa were worth $28,721,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in V. Vanguard Group Inc. lifted its position in shares of Visa by 1.1% in the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after purchasing an additional 1,615,505 shares in the last quarter. BlackRock Inc. lifted its position in shares of Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after purchasing an additional 2,773,330 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $13,651,254,000 after purchasing an additional 379,577 shares in the last quarter. Northern Trust Corp lifted its position in shares of Visa by 6.5% in the second quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock worth $3,642,991,000 after purchasing an additional 1,276,243 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after purchasing an additional 419,991 shares in the last quarter. Institutional investors own 80.97% of the company’s stock.

A number of analysts have recently issued reports on the stock. Robert W. Baird set a $196.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Morgan Stanley reaffirmed an “overweight” rating and set a $207.00 price objective on shares of Visa in a research report on Friday, October 25th. Barclays raised their price objective on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price objective on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $202.00 price objective on shares of Visa in a research report on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $199.04.

Shares of NYSE:V traded up $0.20 during trading on Tuesday, reaching $179.74. The stock had a trading volume of 6,118,679 shares, compared to its average volume of 7,589,730. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05. The firm has a market capitalization of $355.06 billion, a price-to-earnings ratio of 33.04, a P/E/G ratio of 1.86 and a beta of 0.94. The company has a quick ratio of 1.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. The stock has a fifty day simple moving average of $176.40 and a two-hundred day simple moving average of $173.61.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, October 24th. The credit-card processor reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. Visa had a net margin of 52.57% and a return on equity of 42.57%. The company had revenue of $6.14 billion for the quarter, compared to analyst estimates of $6.08 billion. During the same quarter last year, the firm posted $1.21 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, analysts forecast that Visa Inc will post 6.21 EPS for the current 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 given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio is 18.38%.

In other news, EVP William M. Sheedy sold 21,164 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the sale, the executive vice president now owns 227,126 shares in the company, valued at $40,589,687.46. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the completion of the sale, the chief executive officer now owns 55,446 shares in the company, valued at approximately $9,857,744.34. The disclosure for this sale can be found here. In the last three months, insiders sold 53,215 shares of company stock worth $9,564,487. Insiders own 0.17% of the company’s stock.

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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