Cobblestone Capital Advisors LLC NY Acquires 621 Shares of Visa Inc (V)

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Cobblestone Capital Advisors LLC NY increased its holdings in shares of Visa Inc (NYSE:V) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,664 shares of the credit-card processor’s stock after purchasing an additional 621 shares during the period. Visa makes up 1.6% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 12th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Visa were worth $15,788,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of V. Vanguard Group Inc. increased its holdings in Visa by 0.5% in the third quarter. Vanguard Group Inc. now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after buying an additional 640,593 shares in the last quarter. Vanguard Group Inc increased its holdings in Visa by 0.5% in the third quarter. Vanguard Group Inc now owns 133,049,441 shares of the credit-card processor’s stock valued at $19,969,390,000 after buying an additional 640,593 shares in the last quarter. BlackRock Inc. increased its holdings in Visa by 0.8% in the third quarter. BlackRock Inc. now owns 122,485,390 shares of the credit-card processor’s stock valued at $18,383,832,000 after buying an additional 936,305 shares in the last quarter. FMR LLC increased its holdings in Visa by 1.7% in the third quarter. FMR LLC now owns 86,917,222 shares of the credit-card processor’s stock valued at $13,045,406,000 after buying an additional 1,450,809 shares in the last quarter. Finally, Morgan Stanley increased its holdings in Visa by 3.9% in the third quarter. Morgan Stanley now owns 29,757,958 shares of the credit-card processor’s stock valued at $4,466,371,000 after buying an additional 1,119,197 shares in the last quarter. 80.94% of the stock is owned by hedge funds and other institutional investors.

V opened at $160.16 on Friday. The stock has a market cap of $321.50 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. Visa Inc has a twelve month low of $119.37 and a twelve month high of $161.10. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.05. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. Visa’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.08 earnings per share. Equities analysts predict that Visa Inc will post 5.32 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 annualized dividend and a yield of 0.62%. Visa’s payout ratio is 21.69%.

A number of research firms have weighed in on V. Oppenheimer lifted their price objective on shares of Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Co lifted their target price on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Nomura lifted their target price on shares of Visa from $151.00 to $175.00 in a research report on Thursday, April 11th. Deutsche Bank lifted their target price on shares of Visa from $160.00 to $177.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. Finally, Jefferies Financial Group lifted their target price on shares of Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, March 25th. One research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus price target of $169.68.

In other Visa news, EVP Lynne Biggar sold 15,000 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $150.00, for a total value of $2,250,000.00. Following the transaction, the executive vice president now directly owns 22,294 shares in the company, valued at approximately $3,344,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the completion of the transaction, the executive vice president now owns 120,602 shares in the company, valued at $18,848,886.58. The disclosure for this sale can be found here. Insiders sold a total of 193,531 shares of company stock worth $28,797,949 over the last quarter. 0.17% of the stock is currently owned by company insiders.

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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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