J. Safra Sarasin Holding AG Has $13.99 Million Stake in Visa Inc. $V

J. Safra Sarasin Holding AG reduced its position in shares of Visa Inc. (NYSE:VFree Report) by 27.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,055 shares of the credit-card processor’s stock after selling 15,322 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Visa were worth $13,991,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of V. Investment Advisory Group LLC raised its position in Visa by 3.3% during the third quarter. Investment Advisory Group LLC now owns 1,027 shares of the credit-card processor’s stock valued at $351,000 after buying an additional 33 shares during the period. Marino Stram & Associates LLC lifted its position in shares of Visa by 27.4% in the third quarter. Marino Stram & Associates LLC now owns 4,657 shares of the credit-card processor’s stock worth $1,590,000 after purchasing an additional 1,003 shares in the last quarter. Phoenix Financial Ltd. boosted its holdings in shares of Visa by 11.9% during the third quarter. Phoenix Financial Ltd. now owns 72,420 shares of the credit-card processor’s stock worth $24,723,000 after purchasing an additional 7,682 shares during the period. CCG Wealth Management LLC grew its position in Visa by 46.7% during the third quarter. CCG Wealth Management LLC now owns 1,090 shares of the credit-card processor’s stock valued at $372,000 after purchasing an additional 347 shares in the last quarter. Finally, Aspire Growth Partners LLC increased its stake in Visa by 1.3% in the 3rd quarter. Aspire Growth Partners LLC now owns 3,715 shares of the credit-card processor’s stock valued at $1,268,000 after buying an additional 47 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Key Visa News

Here are the key news stories impacting Visa this week:

Visa Stock Performance

Shares of V opened at $325.10 on Wednesday. The company has a market capitalization of $592.25 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.93 and a beta of 0.81. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. Visa Inc. has a one year low of $299.00 and a one year high of $375.51. The company’s fifty day moving average price is $338.64 and its 200 day moving average price is $341.96.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.01. The company had revenue of $10.72 billion for the quarter, compared to the consensus estimate of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The firm’s revenue was up 11.5% compared to the same quarter last year. During the same period last year, the business posted $2.71 earnings per share. As a group, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Macquarie decreased their target price on shares of Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. Wells Fargo & Company raised Visa to a “strong-buy” rating in a research report on Wednesday, October 22nd. Cantor Fitzgerald upgraded Visa to a “strong-buy” rating in a report on Tuesday. Raymond James Financial restated an “outperform” rating and issued a $408.00 price objective (up previously from $398.00) on shares of Visa in a report on Wednesday, October 29th. Finally, Rothschild & Co Redburn upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $385.00 target price for the company in a research note on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, twenty have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $400.19.

Get Our Latest Stock Report on Visa

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the transaction, the insider owned 26,413 shares of the company’s stock, valued at approximately $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at approximately $830,432.64. The trade was a 26.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 24,042 shares of company stock valued at $8,247,289 in the last 90 days. 0.12% of the stock is currently owned by insiders.

Visa Company Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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