Diversified Trust Co Has $5.17 Million Stock Holdings in Visa Inc (NYSE:V)

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Diversified Trust Co boosted its position in Visa Inc (NYSE:V) by 16.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,054 shares of the credit-card processor’s stock after purchasing an additional 4,263 shares during the period. Diversified Trust Co’s holdings in Visa were worth $5,170,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Gladstone Institutional Advisory LLC increased its holdings in Visa by 16.4% during the 2nd quarter. Gladstone Institutional Advisory LLC now owns 5,560 shares of the credit-card processor’s stock worth $965,000 after acquiring an additional 782 shares during the period. Asset Dedication LLC lifted its position in shares of Visa by 4.2% in the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock worth $2,799,000 after purchasing an additional 647 shares during the period. Alera Investment Advisors LLC increased its stake in shares of Visa by 5.7% in the 2nd quarter. Alera Investment Advisors LLC now owns 1,599 shares of the credit-card processor’s stock worth $278,000 after acquiring an additional 86 shares in the last quarter. Castle Rock Wealth Management LLC increased its stake in shares of Visa by 45.4% in the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,411 shares of the credit-card processor’s stock worth $2,154,000 after acquiring an additional 3,876 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. increased its stake in Visa by 12.0% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock valued at $1,122,000 after purchasing an additional 767 shares in the last quarter. Institutional investors and hedge funds own 80.99% of the company’s stock.

V has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Saturday, June 15th. UBS Group boosted their price objective on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Credit Suisse Group boosted their target price on shares of Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Barclays boosted their target price on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Finally, Wells Fargo & Co upped their price objective on shares of Visa from $181.00 to $200.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 10th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus price target of $196.57.

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

Shares of V stock traded up $2.46 during trading hours on Wednesday, reaching $174.88. The company had a trading volume of 563,365 shares, compared to its average volume of 7,694,337. Visa Inc has a twelve month low of $121.60 and a twelve month high of $187.05. The stock’s fifty day simple moving average is $177.29 and its 200 day simple moving average is $170.32. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $349.13 billion, a P/E ratio of 37.93, a price-to-earnings-growth ratio of 1.81 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter last year, the firm earned $1.20 EPS. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities analysts expect that Visa Inc will post 5.4 earnings per share for the current year.

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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