Knuff & Co LLC grew its position in shares of Visa Inc (NYSE:V) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,050 shares of the credit-card processor’s stock after buying an additional 350 shares during the quarter. Knuff & Co LLC’s holdings in Visa were worth $703,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of Visa by 0.6% during the 4th quarter. Advisors Asset Management Inc. now owns 456,714 shares of the credit-card processor’s stock valued at $60,259,000 after acquiring an additional 2,895 shares during the last quarter. IPG Investment Advisors LLC boosted its position in Visa by 16.2% during the fourth quarter. IPG Investment Advisors LLC now owns 5,381 shares of the credit-card processor’s stock valued at $710,000 after purchasing an additional 749 shares in the last quarter. Walter & Keenan Financial Consulting Co. MI ADV boosted its position in Visa by 1.0% during the fourth quarter. Walter & Keenan Financial Consulting Co. MI ADV now owns 19,350 shares of the credit-card processor’s stock valued at $2,553,000 after purchasing an additional 200 shares in the last quarter. Parsons Capital Management Inc. RI boosted its holdings in Visa by 4.6% in the fourth quarter. Parsons Capital Management Inc. RI now owns 31,730 shares of the credit-card processor’s stock worth $4,186,000 after acquiring an additional 1,409 shares in the last quarter. Finally, Baldwin Brothers Inc. MA boosted its holdings in Visa by 1.4% in the fourth quarter. Baldwin Brothers Inc. MA now owns 108,292 shares of the credit-card processor’s stock worth $14,288,000 after acquiring an additional 1,540 shares in the last quarter. 81.34% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on V shares. Barclays upped their price target on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Credit Suisse Group increased their price objective on Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Robert W. Baird set a $196.00 target price on Visa and gave the company a “buy” rating in a research report on Friday, July 19th. Wells Fargo & Co increased their price objective on Visa from $181.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 10th. Finally, Jefferies Financial Group raised their price objective on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $195.46.
In other Visa news, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the transaction, the insider now directly owns 62,223 shares of the company’s stock, valued at $11,271,074.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Denise M. Morrison acquired 1,000 shares of Visa stock in a transaction on Tuesday, August 6th. The stock was acquired at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the purchase, the director now owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Company insiders own 0.17% of the company’s stock.
Shares of V traded up $2.69 during trading hours on Thursday, reaching $181.36. 226,253 shares of the company traded hands, compared to its average volume of 7,448,502. The stock’s fifty day moving average is $178.89 and its 200 day moving average is $164.44. The stock has a market cap of $352.32 billion, a P/E ratio of 39.32, a price-to-earnings-growth ratio of 1.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.69 and a current ratio of 1.69. Visa Inc has a 1-year low of $121.60 and a 1-year high of $184.07.
Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts predict that Visa Inc will post 5.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Thursday, August 15th. Visa’s dividend payout ratio (DPR) is presently 21.69%.
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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