BARING ASSET MANAGEMENT Ltd raised its stake in Visa Inc. (NYSE:V) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,691 shares of the credit-card processor’s stock after purchasing an additional 825 shares during the period. BARING ASSET MANAGEMENT Ltd’s holdings in Visa were worth $2,127,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in V. Mercer Capital Advisers Inc. grew its position in shares of Visa by 2.2% during the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the last quarter. Mascoma Wealth Management LLC purchased a new position in shares of Visa during the second quarter worth approximately $122,000. SpiderRock Advisors LLC grew its position in shares of Visa by 107.1% during the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares during the last quarter. Advantage Investment Management LLC grew its position in shares of Visa by 27.4% during the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after acquiring an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN grew its position in shares of Visa by 11.7% during the second quarter. Delta Asset Management LLC TN now owns 1,721 shares of the credit-card processor’s stock worth $161,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 81.69% of the company’s stock.
In related news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.
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Shares of Visa Inc. (NYSE:V) opened at 109.71 on Monday. The company’s 50-day moving average price is $106.44 and its 200-day moving average price is $98.96. The stock has a market cap of $250.84 billion, a PE ratio of 40.80 and a beta of 0.93. Visa Inc. has a 52-week low of $75.17 and a 52-week high of $110.74.
Visa (NYSE:V) last announced its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the prior year, the business posted $0.78 earnings per share. Visa’s revenue was up 13.9% compared to the same quarter last year. Analysts expect that Visa Inc. will post $4.06 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be paid a $0.195 dividend. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, November 16th. Visa’s dividend payout ratio is currently 23.57%.
A number of equities analysts have recently issued reports on V shares. BidaskClub lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Deutsche Bank AG raised their target price on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Sanford C. Bernstein restated an “outperform” rating and set a $110.00 target price on shares of Visa in a research report on Thursday, July 13th. Vetr lowered shares of Visa from a “buy” rating to a “hold” rating and set a $100.12 target price on the stock. in a research report on Monday, July 17th. Finally, Jefferies Group LLC raised their target price on shares of Visa from $104.00 to $112.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Three research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $115.95.
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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