Gladstone Institutional Advisory LLC Has $965,000 Holdings in Visa Inc (NYSE:V)

Gladstone Institutional Advisory LLC lifted its holdings in Visa Inc (NYSE:V) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,560 shares of the credit-card processor’s stock after acquiring an additional 782 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Visa were worth $965,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in V. Asset Dedication LLC increased its holdings in shares of Visa by 4.2% in the 2nd quarter. Asset Dedication LLC now owns 16,109 shares of the credit-card processor’s stock worth $2,799,000 after acquiring an additional 647 shares during the period. Alera Investment Advisors LLC increased its stake in Visa by 5.7% during the 2nd quarter. Alera Investment Advisors LLC now owns 1,599 shares of the credit-card processor’s stock valued at $278,000 after buying an additional 86 shares during the period. Castle Rock Wealth Management LLC increased its stake in Visa by 45.4% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 12,411 shares of the credit-card processor’s stock valued at $2,154,000 after buying an additional 3,876 shares during the period. Laurel Wealth Advisors Inc. increased its stake in Visa by 12.0% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 7,181 shares of the credit-card processor’s stock valued at $1,122,000 after buying an additional 767 shares during the period. Finally, Doliver Advisors LP increased its stake in Visa by 16.8% during the 2nd quarter. Doliver Advisors LP now owns 14,848 shares of the credit-card processor’s stock valued at $2,577,000 after buying an additional 2,134 shares during the period. Institutional investors and hedge funds own 80.99% of the company’s stock.

In other news, Director Denise M. Morrison purchased 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $171.13 per share, with a total value of $171,130.00. Following the acquisition, the director now directly owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the transaction, the director now directly owns 3,452 shares of the company’s stock, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

Several equities analysts have commented on V shares. Citigroup raised their target price on shares of Visa from $185.00 to $206.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Wells Fargo & Co raised their target price on shares of Visa from $181.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, July 10th. SunTrust Banks raised their target price on shares of Visa to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Bank of America raised their target price on shares of Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Barclays raised their price objective on shares of Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $196.57.

NYSE:V opened at $174.88 on Thursday. The company’s 50 day moving average is $177.21 and its 200-day moving average is $170.42. The firm has a market cap of $346.99 billion, a price-to-earnings ratio of 37.93, a P/E/G ratio of 1.80 and a beta of 0.96. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. Visa’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $1.20 earnings per share. Research analysts predict that Visa Inc will post 5.41 EPS for the current fiscal year.

Visa Company Profile

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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