Visa Inc (V) Shares Bought by Keybank National Association OH

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Keybank National Association OH raised its position in shares of Visa Inc (NYSE:V) by 5.7% during the second quarter, Holdings Channel reports. The fund owned 178,801 shares of the credit-card processor’s stock after buying an additional 9,683 shares during the quarter. Keybank National Association OH’s holdings in Visa were worth $23,682,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cascade Investment Advisors Inc. bought a new position in shares of Visa during the 2nd quarter worth about $132,000. Signature Estate & Investment Advisors LLC boosted its position in shares of Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after purchasing an additional 365 shares in the last quarter. Quad Cities Investment Group LLC bought a new position in shares of Visa during the 2nd quarter worth about $186,000. Landaas & Co. WI ADV bought a new position in shares of Visa during the 2nd quarter worth about $189,000. Finally, Kiley Juergens Wealth Management LLC bought a new position in shares of Visa during the 2nd quarter worth about $191,000. 80.18% of the stock is currently owned by institutional investors and hedge funds.

NYSE:V opened at $140.06 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $305.32 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 1.86 and a beta of 1.06. Visa Inc has a 52 week low of $106.60 and a 52 week high of $151.56.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, July 25th. The credit-card processor reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.11. The firm had revenue of $5.24 billion during the quarter, compared to analyst estimates of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Equities analysts forecast that Visa Inc will post 4.59 earnings per share for the current year.

A number of research firms have recently issued reports on V. Loop Capital increased their price objective on shares of Visa to $157.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Bank of America increased their price objective on shares of Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Wells Fargo & Co increased their price objective on shares of Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a research report on Monday, October 1st. Wolfe Research began coverage on shares of Visa in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Finally, Oppenheimer increased their price objective on shares of Visa from $143.00 to $154.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $153.97.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the completion of the sale, the chief financial officer now owns 58,232 shares in the company, valued at approximately $8,185,089.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares of the company’s stock, valued at approximately $967,749.12. The disclosure for this sale can be found here. Company insiders own 0.14% 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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