AQR Capital Management LLC Boosts Stake in Visa Inc (NYSE:V)

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AQR Capital Management LLC increased its position in shares of Visa Inc (NYSE:V) by 13.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,374,904 shares of the credit-card processor’s stock after buying an additional 162,602 shares during the quarter. AQR Capital Management LLC owned about 0.07% of Visa worth $238,615,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in V. Krane Funds Advisors LLC acquired a new position in Visa during the second quarter worth about $26,000. Lowe Wealth Advisors LLC grew its position in shares of Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after purchasing an additional 86 shares during the last quarter. Personal Wealth Partners acquired a new stake in shares of Visa in the second quarter valued at approximately $30,000. Essex Investment Management Co. LLC acquired a new stake in Visa during the fourth quarter worth approximately $33,000. Finally, Mcmillion Capital Management Inc. acquired a new stake in Visa during the second quarter worth approximately $38,000. 80.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Visa stock traded up $2.18 during trading on Friday, hitting $177.06. The stock had a trading volume of 8,468,350 shares, compared to its average volume of 8,338,026. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $346.95 billion, a PE ratio of 38.41, a P/E/G ratio of 1.80 and a beta of 0.96. Visa Inc has a 1 year low of $121.60 and a 1 year high of $187.05. The stock has a 50 day simple moving average of $177.05 and a 200 day simple moving average of $170.65.

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

V has been the topic of a number of analyst reports. Credit Suisse Group raised their target price on shares of Visa from $200.00 to $203.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Barclays raised 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. Piper Jaffray Companies set a $207.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. increased their price target on shares of Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Finally, Zacks Investment Research downgraded shares of Visa from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Saturday, June 15th. Three equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. Visa currently has an average rating of “Buy” and an average price target of $196.57.

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 shares were acquired at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the transaction, the director now directly owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 3,500 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the completion of the sale, the director now owns 3,452 shares in the company, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is owned by corporate 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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