Sustainable Growth Advisers LP increased its stake in Visa Inc. (NYSE:V) by 0.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,972,839 shares of the credit-card processor’s stock after buying an additional 17,648 shares during the period. Visa accounts for approximately 4.6% of Sustainable Growth Advisers LP’s holdings, making the stock its largest position. Sustainable Growth Advisers LP owned approximately 0.13% of Visa worth $245,854,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Visa by 1.0% in the second quarter. Vanguard Group Inc. now owns 118,024,396 shares of the credit-card processor’s stock worth $8,753,870,000 after buying an additional 1,207,526 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Visa by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 51,126,744 shares of the credit-card processor’s stock worth $4,228,182,000 after buying an additional 239,481 shares during the period. JPMorgan Chase & Co. raised its position in shares of Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock worth $2,441,561,000 after buying an additional 1,061,427 shares during the period. BlackRock Fund Advisors raised its position in shares of Visa by 3.7% in the third quarter. BlackRock Fund Advisors now owns 27,427,533 shares of the credit-card processor’s stock worth $2,268,257,000 after buying an additional 967,565 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Visa by 3.8% in the second quarter. TIAA CREF Investment Management LLC now owns 17,877,455 shares of the credit-card processor’s stock worth $1,325,971,000 after buying an additional 647,407 shares during the period. 79.56% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc. (NYSE:V) opened at 81.17 on Monday. The company has a market cap of $189.94 billion, a P/E ratio of 32.07 and a beta of 0.95. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.96. The firm has a 50-day moving average price of $79.05 and a 200 day moving average price of $80.18.

Visa (NYSE:V) last released its quarterly earnings data on Monday, October 24th. The credit-card processor reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.05. The firm had revenue of $4.26 billion for the quarter. Visa had a return on equity of 24.31% and a net margin of 39.72%. Visa’s quarterly revenue was up 19.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 EPS. On average, equities analysts expect that Visa Inc. will post $3.29 earnings per share for the current year.

Several research analysts recently weighed in on the company. Vetr cut Visa from a “buy” rating to a “hold” rating and set a $84.76 target price for the company. in a research note on Monday, November 21st. Drexel Hamilton upgraded Visa from a “hold” rating to a “buy” rating in a research report on Monday, October 24th. Stifel Nicolaus decreased their price target on Visa from $94.00 to $93.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $99.00 price target on shares of Visa in a research report on Friday, October 14th. Finally, Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, October 4th. Five investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $91.65.

In other news, insider Charles W. Scharf sold 772,912 shares of the stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $82.65, for a total transaction of $63,881,176.80. Following the transaction, the insider now owns 852,880 shares in the company, valued at $70,490,532. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Ryan Mcinerney sold 18,500 shares of the stock in a transaction that occurred on Tuesday, November 8th. The stock was sold at an average price of $82.92, for a total value of $1,534,020.00. Following the transaction, the president now owns 12,548 shares in the company, valued at approximately $1,040,480.16. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

About Visa

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.

The article first appeared in sportsperspectives.com