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

Keybank National Association OH lifted its stake in Visa Inc (NYSE:V) by 5.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 178,801 shares of the credit-card processor’s stock after buying an additional 9,683 shares during the period. Keybank National Association OH’s holdings in Visa were worth $23,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of V. Cascade Investment Advisors Inc. bought a new stake in shares of Visa in the second quarter valued at approximately $132,000. Bedel Financial Consulting Inc. acquired a new position in Visa during the first quarter valued at approximately $176,000. Signature Estate & Investment Advisors LLC raised its position in Visa by 36.8% during the second 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 in the last quarter. Quad Cities Investment Group LLC acquired a new position in Visa during the second quarter valued at approximately $186,000. Finally, Landaas & Co. WI ADV acquired a new position in Visa during the second quarter valued at approximately $189,000. Institutional investors and hedge funds own 80.18% of the company’s stock.

V has been the subject of several research analyst reports. Morgan Stanley upgraded shares of Visa to an “overweight” rating in a research report on Monday, July 23rd. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price objective for the company in a research report on Tuesday, September 25th. Wells Fargo & Co boosted their price objective on shares of Visa from $143.00 to $155.00 and gave the company an “outperform” rating in a research report on Thursday, July 12th. Goldman Sachs Group downgraded shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 price objective for the company. in a research report on Monday, September 17th. Finally, Bank of America restated a “buy” rating and set a $163.00 price objective on shares of Visa in a research report on Monday, September 17th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $153.97.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of the stock in a transaction on Wednesday, August 8th. The stock was 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 directly owns 58,232 shares in the company, valued at $8,185,089.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP James H. Hoffmeister sold 6,912 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value 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 $967,749.12. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.

Shares of NYSE:V opened at $140.06 on Friday. The firm has a market cap of $305.32 billion, a PE ratio of 40.25, a P/E/G ratio of 1.86 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69. 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 results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. The company had revenue of $5.24 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. On average, sell-side analysts anticipate that Visa Inc will post 4.59 EPS for the current year.

About Visa

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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