Golub Group LLC Has $48.94 Million Stake in Visa Inc (NYSE:V)

Golub Group LLC cut its holdings in shares of Visa Inc (NYSE:V) by 3.6% in the 3rd quarter, HoldingsChannel reports. The fund owned 284,531 shares of the credit-card processor’s stock after selling 10,632 shares during the period. Visa makes up approximately 3.9% of Golub Group LLC’s investment portfolio, making the stock its 5th biggest holding. Golub Group LLC’s holdings in Visa were worth $48,942,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Gilbert & Cook Inc. boosted its stake in Visa by 24.9% in the third quarter. Gilbert & Cook Inc. now owns 3,077 shares of the credit-card processor’s stock valued at $529,000 after acquiring an additional 614 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of Visa by 3.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 8,849 shares of the credit-card processor’s stock valued at $1,522,000 after buying an additional 298 shares in the last quarter. Fishman Jay A Ltd. MI lifted its stake in shares of Visa by 0.4% during the 3rd quarter. Fishman Jay A Ltd. MI now owns 107,860 shares of the credit-card processor’s stock valued at $18,553,000 after buying an additional 460 shares in the last quarter. Manitou Investment Management Ltd. lifted its stake in shares of Visa by 6.6% during the 3rd quarter. Manitou Investment Management Ltd. now owns 2,731 shares of the credit-card processor’s stock valued at $470,000 after buying an additional 170 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Visa by 2.4% during the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 26,796 shares of the credit-card processor’s stock valued at $4,609,000 after buying an additional 639 shares in the last quarter. 80.98% of the stock is owned by institutional investors.

A number of analysts recently commented on the stock. 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 note on Friday, October 25th. UBS Group upped their price target on shares of Visa from $183.00 to $187.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Wedbush set a $187.00 price target on shares of Visa and gave the company a “buy” rating in a research note on Tuesday, September 24th. Morgan Stanley restated an “overweight” rating and set a $207.00 price target on shares of Visa in a research note on Friday, October 25th. Finally, Goldman Sachs Group restated a “buy” rating and set a $202.00 price target on shares of Visa in a research note on Wednesday, July 24th. Three investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus price target of $199.04.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $177.79, for a total value of $1,244,530.00. Following the transaction, the chief executive officer now owns 55,446 shares of the company’s stock, valued at approximately $9,857,744.34. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the transaction, the insider now directly owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Insiders sold a total of 53,215 shares of company stock worth $9,564,487 over the last quarter. Corporate insiders own 0.17% of the company’s stock.

NYSE V traded up $0.54 on Friday, hitting $178.97. The stock had a trading volume of 3,777,681 shares, compared to its average volume of 7,614,820. Visa Inc has a 52-week low of $121.60 and a 52-week high of $187.05. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.56. The company has a market capitalization of $349.90 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.83 and a beta of 0.94. The firm has a 50-day moving average of $176.22 and a 200-day moving average of $173.43.

Visa (NYSE:V) last posted its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.04. Visa had a net margin of 52.57% and a return on equity of 42.57%. The business had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. During the same period in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. As a group, research analysts anticipate 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. Shareholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s dividend payout ratio is presently 18.38%.

Visa 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.

Featured Article: What are retained earnings?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.