Visa Inc. (V) Stake Boosted by YHB Investment Advisors Inc.

YHB Investment Advisors Inc. lifted its position in shares of Visa Inc. (NYSE:V) by 10.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,995 shares of the credit-card processor’s stock after purchasing an additional 9,631 shares during the quarter. Visa accounts for 1.6% of YHB Investment Advisors Inc.’s portfolio, making the stock its 18th largest position. YHB Investment Advisors Inc.’s holdings in Visa were worth $9,190,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. lifted its position in Visa by 0.9% in the 2nd quarter. Sei Investments Co. now owns 3,232,104 shares of the credit-card processor’s stock valued at $303,107,000 after acquiring an additional 27,390 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in Visa by 2.7% in the 2nd quarter. Crestwood Advisors Group LLC now owns 201,278 shares of the credit-card processor’s stock valued at $19,956,000 after acquiring an additional 5,284 shares in the last quarter. Weybosset Research & Management LLC lifted its position in Visa by 4.9% in the 2nd quarter. Weybosset Research & Management LLC now owns 3,025 shares of the credit-card processor’s stock valued at $284,000 after acquiring an additional 140 shares in the last quarter. Dock Street Asset Management Inc. lifted its position in Visa by 2.8% in the 2nd quarter. Dock Street Asset Management Inc. now owns 122,141 shares of the credit-card processor’s stock valued at $11,454,000 after acquiring an additional 3,376 shares in the last quarter. Finally, First Manhattan Co. lifted its position in Visa by 2.0% in the 2nd quarter. First Manhattan Co. now owns 78,153 shares of the credit-card processor’s stock valued at $7,329,000 after acquiring an additional 1,509 shares in the last quarter. 81.68% of the stock is currently owned by institutional investors.

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In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the sale, the executive vice president now owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

Several equities research analysts recently commented on the stock. Wells Fargo & Company raised shares of Visa from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $107.01 to $120.00 in a research report on Tuesday. Vetr raised shares of Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective on the stock in a research report on Wednesday, September 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Visa in a research report on Tuesday, September 12th. KeyCorp reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Visa in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Visa in a research report on Friday, September 22nd. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $109.40.

Visa Inc. (NYSE:V) opened at 108.44 on Thursday. The company has a market cap of $247.94 billion, a P/E ratio of 40.33 and a beta of 0.93. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $108.59. The stock’s 50 day moving average is $104.89 and its 200 day moving average is $97.37.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The business’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.69 EPS. Equities analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current fiscal year.

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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