ST Germain D J Co. Inc. Increases Holdings in Visa Inc. (V)

ST Germain D J Co. Inc. boosted its holdings in shares of Visa Inc. (NYSE:V) by 11.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,740 shares of the credit-card processor’s stock after acquiring an additional 1,527 shares during the quarter. ST Germain D J Co. Inc.’s holdings in Visa were worth $1,382,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mercer Capital Advisers Inc. lifted its holdings in shares of Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Visa during the 2nd quarter valued at about $122,000. SpiderRock Advisors LLC lifted its holdings in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the last quarter. Advantage Investment Management LLC lifted its holdings in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

Shares of Visa Inc. (NYSE V) opened at 107.01 on Tuesday. The firm has a market cap of $244.67 billion, a price-to-earnings ratio of 39.80 and a beta of 0.94. The company has a 50-day moving average price of $104.64 and a 200 day moving average price of $97.15. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $107.65.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Analysts expect that Visa Inc. will post $3.43 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on V shares. BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Sandler O’Neill reiterated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $105.00 price target on shares of Visa in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 price target on shares of Visa in a report on Sunday, June 25th. Finally, Mizuho started coverage on Visa in a report on Tuesday, June 27th. They set a “buy” rating and a $115.00 price target for the company. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $108.76.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “ST Germain D J Co. Inc. Increases Holdings in Visa Inc. (V)” was published by The Ledger Gazette and is the property of of Th

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Mercer Capital Advisers Inc. lifted its holdings in shares of Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock valued at $104,000 after buying an additional 25 shares during the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Visa during the 2nd quarter valued at about $122,000. SpiderRock Advisors LLC lifted its holdings in shares of Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after buying an additional 19,709 shares during the last quarter. Advantage Investment Management LLC lifted its holdings in shares of Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock valued at $130,000 after buying an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN lifted its holdings in shares of Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock valued at $137,000 after buying an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 81.68% of the company’s stock.

Shares of Visa Inc. (NYSE V) opened at 107.01 on Tuesday. The firm has a market cap of $244.67 billion, a price-to-earnings ratio of 39.80 and a beta of 0.94. The company has a 50-day moving average price of $104.64 and a 200 day moving average price of $97.15. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $107.65.

Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. Analysts expect that Visa Inc. will post $3.43 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on V shares. BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Sandler O’Neill reiterated a “hold” rating on shares of Visa in a report on Wednesday, June 21st. Cowen and Company reiterated an “outperform” rating and set a $105.00 price target on shares of Visa in a report on Friday, June 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 price target on shares of Visa in a report on Sunday, June 25th. Finally, Mizuho started coverage on Visa in a report on Tuesday, June 27th. They set a “buy” rating and a $115.00 price target for the company. Three research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $108.76.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.

TRADEMARK VIOLATION NOTICE: “ST Germain D J Co. Inc. Increases Holdings in Visa Inc. (V)” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece on another domain, it was copied illegally and republished in violation of US and international trademark and copyright legislation. The legal version of this piece can be read at https://ledgergazette.com/2017/10/10/st-germain-d-j-co-inc-increases-holdings-in-visa-inc-v.html.

Visa Company Profile

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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