Visa Inc. $V Stake Raised by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its stake in shares of Visa Inc. (NYSE:V) by 111.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 560,389 shares of the credit-card processor’s stock after buying an additional 295,145 shares during the period. Visa accounts for about 1.7% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 5th largest position. Jupiter Asset Management Ltd.’s holdings in Visa were worth $198,966,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Ironwood Investment Counsel LLC lifted its position in shares of Visa by 32.3% in the second quarter. Ironwood Investment Counsel LLC now owns 8,020 shares of the credit-card processor’s stock valued at $2,848,000 after acquiring an additional 1,957 shares in the last quarter. Turn8 Private Wealth Inc. increased its position in Visa by 4.1% during the 2nd quarter. Turn8 Private Wealth Inc. now owns 9,860 shares of the credit-card processor’s stock worth $3,424,000 after purchasing an additional 387 shares in the last quarter. National Pension Service raised its stake in Visa by 4.7% in the 2nd quarter. National Pension Service now owns 3,136,548 shares of the credit-card processor’s stock valued at $1,113,631,000 after purchasing an additional 140,213 shares during the last quarter. Fairbanks Capital Management Inc. raised its stake in Visa by 2.4% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 16,860 shares of the credit-card processor’s stock valued at $5,986,000 after purchasing an additional 402 shares during the last quarter. Finally, Advyzon Investment Management LLC lifted its holdings in Visa by 56.5% in the 2nd quarter. Advyzon Investment Management LLC now owns 5,157 shares of the credit-card processor’s stock valued at $1,831,000 after purchasing an additional 1,862 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,027 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the sale, the general counsel owned 11,925 shares of the company’s stock, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 900 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $336.48, for a total transaction of $302,832.00. Following the transaction, the director owned 2,468 shares in the company, valued at $830,432.64. This trade represents a 26.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 23,897 shares of company stock worth $8,164,561. 0.13% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. KeyCorp reiterated an “overweight” rating and set a $405.00 price target on shares of Visa in a report on Wednesday, October 22nd. Erste Group Bank downgraded shares of Visa from a “buy” rating to a “hold” rating in a research note on Monday, September 22nd. Robert W. Baird set a $425.00 target price on shares of Visa in a research note on Wednesday, October 29th. Macquarie cut their price target on Visa from $425.00 to $410.00 and set an “outperform” rating for the company in a report on Wednesday, October 29th. Finally, Raymond James Financial reissued an “outperform” rating and set a $408.00 price target (up previously from $398.00) on shares of Visa in a research note on Wednesday, October 29th. Four equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $400.00.

Visa Stock Up 1.1%

Shares of Visa stock opened at $338.67 on Wednesday. The business has a 50-day moving average of $342.94 and a 200-day moving average of $348.85. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.08 and a quick ratio of 1.08. The company has a market capitalization of $620.72 billion, a PE ratio of 33.17, a P/E/G ratio of 2.03 and a beta of 0.87. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 28th. The credit-card processor reported $2.98 EPS for the quarter, topping the consensus estimate of $2.97 by $0.01. The business had revenue of $10.72 billion for the quarter, compared to analysts’ expectations of $10.60 billion. Visa had a return on equity of 60.31% and a net margin of 50.15%.The company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.71 earnings per share. As a group, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Wednesday, November 12th will be given a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.59. Visa’s dividend payout ratio is currently 23.11%.

Visa Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.