Partners Capital Investment Group Holdings LLC Has $809,000 Stake in Visa Inc. (V)

Partners Capital Investment Group Holdings LLC maintained its stake in shares of Visa Inc. (NYSE:V) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,098 shares of the credit-card processor’s stock at the close of the 1st quarter. Partners Capital Investment Group Holdings LLC’s holdings in Visa were worth $809,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mercer Capital Advisers Inc. boosted its stake in Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares during the last quarter. Advantage Investment Management LLC boosted its stake in Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares during the last quarter. Delta Asset Management LLC TN boosted its stake in Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after purchasing an additional 38 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Visa during the 1st quarter worth $153,000. Finally, Tarbox Group Inc. boosted its stake in Visa by 259.5% during the 1st quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after purchasing an additional 1,544 shares during the last quarter. 81.74% of the stock is owned by institutional investors.

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In related news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the sale, the executive vice president now owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

V has been the topic of several recent research reports. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Monday, May 29th. Deutsche Bank AG lifted their target price on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 target price on the stock. in a research note on Monday, June 5th. Wedbush reaffirmed an “outperform” rating and set a $100.00 target price (up previously from $96.00) on shares of Visa in a research note on Tuesday, June 6th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $104.00 price target on shares of Visa in a research report on Sunday, June 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $104.77.

Visa Inc. (NYSE V) traded down 0.12% during mid-day trading on Friday, hitting $104.43. 5,787,188 shares of the company were exchanged. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $105.44. The stock has a market cap of $238.77 billion, a price-to-earnings ratio of 38.84 and a beta of 0.94. The firm has a 50 day moving average price of $101.98 and a 200 day moving average price of $94.58.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period last year, the business posted $0.69 EPS. Analysts anticipate that Visa Inc. will post $3.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. Visa’s payout ratio is currently 24.54%.

About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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