Tradewinds Capital Management LLC Decreases Holdings in Visa Inc. (V)

Tradewinds Capital Management LLC cut its stake in shares of Visa Inc. (NYSE:V) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,981 shares of the credit-card processor’s stock after selling 81 shares during the period. Tradewinds Capital Management LLC’s holdings in Visa were worth $467,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Visa by 0.9% in the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after purchasing an additional 722,878 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after purchasing an additional 73,926 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Visa by 3.0% in the 2nd quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock worth $1,464,483,000 after purchasing an additional 452,183 shares in the last quarter. MUFG Securities EMEA plc increased its stake in shares of Visa by 7.0% in the 1st quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after purchasing an additional 775,000 shares in the last quarter. Finally, Clearbridge Investments LLC increased 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 in the last quarter. Institutional investors and hedge funds own 81.65% of the company’s stock.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’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 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 Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.

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Shares of Visa Inc. (NYSE:V) opened at 107.02 on Friday. The stock has a market capitalization of $244.69 billion, a price-to-earnings ratio of 39.80 and a beta of 0.93. The company has a 50-day moving average of $105.64 and a 200-day moving average of $98.12. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $109.26.

Visa (NYSE:V) last posted its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for 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%. Visa’s 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 research analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be issued a $0.195 dividend. This represents a $0.78 annualized dividend and a yield of 0.73%. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s payout ratio is presently 24.54%.

Several research firms have recently commented on V. Barclays PLC upped their price objective on Visa from $114.00 to $123.00 and gave the stock an “overweight” rating in a research note on Wednesday. KeyCorp restated a “buy” rating and issued a $118.00 price objective on shares of Visa in a research note on Wednesday. Citigroup Inc. upped their price objective on Visa from $115.00 to $124.00 and gave the stock a “buy” rating in a research note on Wednesday. Jefferies Group LLC restated a “buy” rating and issued a $125.00 price objective (up from $112.00) on shares of Visa in a research note on Tuesday. Finally, Stephens began coverage on Visa in a research note on Friday, October 13th. They issued an “overweight” rating and a $125.00 price objective for the company. Two research 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 company’s stock. Visa currently has an average rating of “Buy” and an average price target of $111.50.

Visa Company Profile

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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