Capital International Sarl Lowers stake in Visa Inc (V)

Visa Inc (V) : Capital International Sarl reduced its stake in Visa Inc by 6.92% during the most recent quarter end. The investment management company now holds a total of 263,600 shares of Visa Inc which is valued at $20,660,968 after selling 19,600 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Visa Inc makes up approximately 1.87% of Capital International Sarl’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al reduced its stake in V by selling 238,018 shares or 45.25% in the most recent quarter. The Hedge Fund company now holds 288,000 shares of V which is valued at $22,573,440. Visa Inc makes up approx 0.82% of Tudor Investment Corp Et Al’s portfolio.Financial Management Professionals reduced its stake in V by selling 66 shares or 62.26% in the most recent quarter. The Hedge Fund company now holds 40 shares of V which is valued at $3,300. Wealthsource Partners sold out all of its stake in V during the most recent quarter. The investment firm sold 7,538 shares of V which is valued $607,412.Seven Bridges Advisors reduced its stake in V by selling 3,266 shares or 11.79% in the most recent quarter. The Hedge Fund company now holds 24,431 shares of V which is valued at $1,968,650. Visa Inc makes up approx 1.80% of Seven Bridges Advisors’s portfolio.Baxter Bros Inc boosted its stake in V in the latest quarter, The investment management firm added 3,405 additional shares and now holds a total of 143,302 shares of Visa Inc which is valued at $11,866,839. Visa Inc makes up approx 3.64% of Baxter Bros Inc’s portfolio.

Visa Inc closed down -0.25 points or -0.31% at $80.82 with 79,20,808 shares getting traded on Monday. Post opening the session at $81.15, the shares hit an intraday low of $80.53 and an intraday high of $81.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Visa Inc reported $0.78 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Oct 24, 2016. Analyst had a consensus of $0.73. The company had revenue of $4261.00 million for the quarter, compared to analysts expectations of $4241.50 million. The company’s revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Many Wall Street Analysts have commented on Visa Inc. Visa Inc was Downgraded by Guggenheim to ” Neutral” on Oct 25, 2016. Company shares were Reiterated by RBC Capital Mkts on Oct 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 89 from a previous price target of $87 .Shares were Reiterated by Stifel on Oct 25, 2016 to “Buy” and Lowered the Price Target to $ 93 from a previous price target of $94 .

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.

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