Visa Inc (NYSE:V) Stake Lifted by Lee Financial Group Hawaii Inc.

Lee Financial Group Hawaii Inc. raised its position in shares of Visa Inc (NYSE:V) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,147 shares of the credit-card processor’s stock after acquiring an additional 388 shares during the period. Visa makes up 3.0% of Lee Financial Group Hawaii Inc.’s portfolio, making the stock its 11th biggest holding. Lee Financial Group Hawaii Inc.’s holdings in Visa were worth $3,198,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Fisher Asset Management LLC raised its position in Visa by 3.8% in the second quarter. Fisher Asset Management LLC now owns 17,685,789 shares of the credit-card processor’s stock worth $2,342,483,000 after purchasing an additional 639,522 shares in the last quarter. Alliancebernstein L.P. raised its position in Visa by 0.5% in the fourth quarter. Alliancebernstein L.P. now owns 15,875,515 shares of the credit-card processor’s stock worth $1,810,126,000 after purchasing an additional 75,169 shares in the last quarter. Edgewood Management LLC raised its position in Visa by 3.8% in the first quarter. Edgewood Management LLC now owns 14,827,315 shares of the credit-card processor’s stock worth $1,773,643,000 after purchasing an additional 548,955 shares in the last quarter. MUFG Securities EMEA plc raised its position in Visa by 2.2% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,407,745,000 after purchasing an additional 250,000 shares in the last quarter. Finally, Clearbridge Investments LLC raised its position in Visa by 3.5% in the fourth quarter. Clearbridge Investments LLC now owns 10,617,498 shares of the credit-card processor’s stock worth $1,210,607,000 after purchasing an additional 357,192 shares in the last quarter. Institutional investors own 80.18% of the company’s stock.

Shares of NYSE V opened at $141.89 on Tuesday. The firm has a market cap of $305.32 billion, a PE ratio of 40.77, a PEG ratio of 1.86 and a beta of 1.06. Visa Inc has a twelve month low of $106.54 and a twelve month high of $151.56. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60.

Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.11. Visa had a net margin of 47.91% and a return on equity of 36.09%. The company had revenue of $5.24 billion for the quarter, compared to analysts’ expectations of $5.09 billion. During the same period last year, the firm posted $0.86 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc will post 4.59 earnings per share for the current fiscal year.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of Visa stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now directly owns 58,232 shares in the company, valued at approximately $8,185,089.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of Visa stock in a transaction on Monday, August 6th. The shares were sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares in the company, valued at $967,749.12. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

V has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price objective on shares of Visa to $160.00 and gave the stock an “overweight” rating in a report on Thursday, July 26th. Loop Capital raised their price objective on shares of Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Buckingham Research raised their price objective on shares of Visa from $152.00 to $169.00 and gave the stock a “buy” rating in a report on Tuesday, June 26th. Wells Fargo & Co raised their price objective on shares of Visa from $143.00 to $155.00 and gave the stock an “outperform” rating in a report on Thursday, July 12th. Finally, Credit Suisse Group increased their price target on shares of Visa from $150.00 to $164.00 and gave the company an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. Visa has a consensus rating of “Buy” and an average target price of $153.97.

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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