Seatown Holdings Pte. Ltd. Buys Shares of 260,000 Visa Inc. (V)

Seatown Holdings Pte. Ltd. bought a new stake in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 260,000 shares of the credit-card processor’s stock, valued at approximately $24,383,000. Visa accounts for 3.4% of Seatown Holdings Pte. Ltd.’s portfolio, making the stock its 8th largest holding.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Clearbridge Investments LLC lifted its stake in shares of Visa by 41.4% in the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after purchasing an additional 2,677,533 shares during the period. Harbour Capital Advisors LLC lifted its stake in shares of Visa by 10,570.6% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after purchasing an additional 1,583,686 shares during the period. Swiss National Bank lifted its stake in shares of Visa by 23.2% in the 1st quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after purchasing an additional 1,388,200 shares during the period. Akre Capital Management LLC lifted its stake in shares of Visa by 35.0% in the 1st quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after purchasing an additional 1,267,080 shares during the period. Finally, Karp Capital Management Corp lifted its stake in shares of Visa by 3,256.5% in the 1st quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after purchasing an additional 941,581 shares during the period. Institutional investors and hedge funds own 81.68% of the company’s stock.

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In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

Several equities analysts have recently weighed in on V shares. Deutsche Bank AG increased their price objective 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. Jefferies Group LLC reiterated a “buy” rating and issued a $104.00 price objective on shares of Visa in a research note on Sunday, June 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $100.00 price objective (up previously from $87.50) on shares of Visa in a research note on Saturday, July 22nd. Two analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $109.40.

Shares of Visa Inc. (NYSE:V) opened at 108.11 on Friday. The company has a market capitalization of $247.19 billion, a P/E ratio of 40.20 and a beta of 0.93. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $108.71. The company has a 50-day moving average price of $105.03 and a 200-day moving average price of $97.44.

Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.69 EPS. On average, analysts forecast that Visa Inc. will post $3.42 EPS 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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