Vontobel Asset Management Inc. reduced its stake in Visa Inc. (NYSE:V) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 4,535,999 shares of the credit-card processor’s stock after selling 238,282 shares during the period. Visa accounts for approximately 3.0% of Vontobel Asset Management Inc.’s holdings, making the stock its 10th largest position. Vontobel Asset Management Inc.’s holdings in Visa were worth $387,655,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in V. Reilly Herbert Faulkner III increased its stake in shares of Visa by 3.5% in the third quarter. Reilly Herbert Faulkner III now owns 51,135 shares of the credit-card processor’s stock valued at $4,229,000 after buying an additional 1,736 shares in the last quarter. Jacobs & Co. CA increased its stake in shares of Visa by 3.6% in the third quarter. Jacobs & Co. CA now owns 126,566 shares of the credit-card processor’s stock valued at $10,467,000 after buying an additional 4,430 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Visa by 46.4% in the third quarter. Oregon Public Employees Retirement Fund now owns 627,852 shares of the credit-card processor’s stock valued at $51,923,000 after buying an additional 199,058 shares in the last quarter. Gradient Investments LLC increased its stake in shares of Visa by 0.8% in the third quarter. Gradient Investments LLC now owns 7,382 shares of the credit-card processor’s stock valued at $610,000 after buying an additional 58 shares in the last quarter. Finally, Gofen & Glossberg LLC IL increased its stake in shares of Visa by 21.5% in the third quarter. Gofen & Glossberg LLC IL now owns 4,686 shares of the credit-card processor’s stock valued at $388,000 after buying an additional 828 shares in the last quarter. 79.52% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Visa (NYSE:V)

Shares of Visa Inc. (NYSE:V) opened at 79.15 on Wednesday. The firm has a market capitalization of $185.21 billion, a PE ratio of 31.27 and a beta of 1.00. The company’s 50-day moving average price is $81.48 and its 200-day moving average price is $80.04. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.96.

Visa (NYSE:V) last posted its earnings results on Monday, October 24th. The credit-card processor reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Visa had a return on equity of 24.31% and a net margin of 39.72%. The company had revenue of $4.26 billion for the quarter. During the same period in the previous year, the company posted $0.62 EPS. Visa’s revenue for the quarter was up 19.3% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post $3.29 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Friday, November 18th will be given a $0.165 dividend. This is an increase from Visa’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.83%. Visa’s dividend payout ratio is presently 26.72%.

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Several research analysts have weighed in on V shares. BMO Capital Markets reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $97.00 target price on shares of Visa in a research report on Monday. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $84.76 target price on the stock. in a research report on Monday, November 21st. Jefferies Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, November 15th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $90.00 target price on shares of Visa in a research report on Thursday, October 27th. Seven equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $90.84.

In other news, insider Charles W. Scharf sold 772,912 shares of the company’s stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $82.65, for a total value of $63,881,176.80. Following the transaction, the insider now owns 852,880 shares of the company’s stock, valued at $70,490,532. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Ryan Mcinerney sold 18,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total value of $1,534,020.00. Following the completion of the transaction, the president now directly owns 12,548 shares in the company, valued at approximately $1,040,480.16. The disclosure for this sale can be found here. 0.17% of the stock is owned by insiders.

Visa Company Profile

Visa Inc is a payments technology company. The Company and its subsidiaries, including Visa U.SA Inc (Visa U.SA), Visa International Service Association (Visa International), Visa Worldwide Pte. Limited, Visa Canada Corporation, Inovant LLC and CyberSource Corporation (CyberSource), operate a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions around the world.

5 Day Chart for NYSE:V

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