Visa Inc (V) Shares Sold by Rainier Group Investment Advisory LLC

Rainier Group Investment Advisory LLC cut its holdings in Visa Inc (NYSE:V) by 14.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,380 shares of the credit-card processor’s stock after selling 550 shares during the period. Visa accounts for 0.2% of Rainier Group Investment Advisory LLC’s holdings, making the stock its 21st biggest holding. Rainier Group Investment Advisory LLC’s holdings in Visa were worth $448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of V. Bedel Financial Consulting Inc. increased its position in shares of Visa by 24.2% during the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock valued at $242,000 after purchasing an additional 356 shares during the last quarter. Townsend & Associates Inc increased its position in shares of Visa by 6.1% during the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock valued at $827,000 after purchasing an additional 361 shares during the last quarter. LLBH Private Wealth Management LLC increased its position in shares of Visa by 14.7% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock valued at $374,000 after purchasing an additional 362 shares during the last quarter. Signature Estate & Investment Advisors LLC increased 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 valued at $180,000 after purchasing an additional 365 shares during the last quarter. Finally, Carroll Financial Associates Inc. increased its position in shares of Visa by 7.2% during the 2nd quarter. Carroll Financial Associates Inc. now owns 5,487 shares of the credit-card processor’s stock valued at $726,000 after purchasing an additional 368 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

In other Visa news, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction on Friday, November 2nd. The stock was sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the sale, the executive vice president now directly owns 296,925 shares in the company, valued at approximately $41,355,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Several research firms have recently weighed in on V. Loop Capital boosted their target price on Visa to $157.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Bank of America boosted their target price on Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research report on Monday, August 13th. Wells Fargo & Co boosted their target price on Visa from $161.00 to $175.00 and gave the company an “outperform” rating in a research report on Monday, October 1st. SunTrust Banks boosted their target price on Visa to $170.00 and gave the company a “buy” rating in a research report on Thursday, July 26th. They noted that the move was a valuation call. Finally, Wolfe Research began coverage on Visa in a research report on Tuesday, July 17th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $155.47.

Shares of Visa stock opened at $143.93 on Friday. The firm has a market capitalization of $286.40 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 1.61. Visa Inc has a 52 week low of $106.60 and a 52 week high of $151.56.

Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.44 billion. On average, equities analysts expect that Visa Inc will post 5.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. This is a boost from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 15th. Visa’s dividend payout ratio is currently 18.22%.

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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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