Montag A & Associates Inc. Sells 1,317 Shares of Visa Inc (NYSE:V)

Montag A & Associates Inc. lowered its position in Visa Inc (NYSE:V) by 1.5% during the 3rd quarter, HoldingsChannel reports. The firm owned 84,001 shares of the credit-card processor’s stock after selling 1,317 shares during the period. Visa comprises about 1.3% of Montag A & Associates Inc.’s investment portfolio, making the stock its 16th biggest position. Montag A & Associates Inc.’s holdings in Visa were worth $14,449,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Visa by 1.1% in the second quarter. Vanguard Group Inc. now owns 146,976,797 shares of the credit-card processor’s stock worth $25,507,824,000 after acquiring an additional 1,615,505 shares in the last quarter. BlackRock Inc. grew its position in Visa by 2.3% in the second quarter. BlackRock Inc. now owns 123,791,138 shares of the credit-card processor’s stock worth $21,483,952,000 after acquiring an additional 2,773,330 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Visa by 0.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 78,658,915 shares of the credit-card processor’s stock worth $13,651,254,000 after acquiring an additional 379,577 shares in the last quarter. Northern Trust Corp grew its position in Visa by 6.5% in the second quarter. Northern Trust Corp now owns 20,991,024 shares of the credit-card processor’s stock worth $3,642,991,000 after acquiring an additional 1,276,243 shares in the last quarter. Finally, Fisher Asset Management LLC grew its position in Visa by 2.1% in the third quarter. Fisher Asset Management LLC now owns 20,200,734 shares of the credit-card processor’s stock worth $3,474,728,000 after acquiring an additional 419,991 shares in the last quarter. 80.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE V traded up $0.54 during trading on Friday, hitting $178.97. 3,894,140 shares of the company’s stock traded hands, compared to its average volume of 7,614,820. The stock has a fifty day moving average of $176.18 and a two-hundred day moving average of $173.34. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.56 and a quick ratio of 1.69. Visa Inc has a 12-month low of $121.60 and a 12-month high of $187.05. The firm has a market cap of $349.90 billion, a P/E ratio of 32.90, a PEG ratio of 1.83 and a beta of 0.94.

Visa (NYSE:V) last posted its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.04. The company had revenue of $6.14 billion during the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. Visa’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.21 earnings per share. As a group, analysts expect that Visa Inc will post 6.21 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio is currently 18.38%.

Several brokerages recently issued reports on V. SunTrust Banks upped their target price on shares of Visa to $205.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Nomura upped their target price on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Barclays upped their target price on shares of Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. BMO Capital Markets upped their price target on shares of Visa from $231.00 to $239.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Finally, Wedbush set a $187.00 price target on shares of Visa and gave the company a “buy” rating in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Visa currently has an average rating of “Buy” and an average price target of $199.04.

In other news, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares in the company, valued at $11,271,074.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $177.79, for a total transaction of $1,244,530.00. Following the sale, the chief executive officer now owns 55,446 shares of the company’s stock, valued at $9,857,744.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 53,215 shares of company stock valued at $9,564,487. 0.17% of the stock is currently owned by company insiders.

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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