Investment Centers of America Inc. Raises Position in Visa Inc. (V)

Investment Centers of America Inc. boosted its holdings in Visa Inc. (NYSE:V) by 0.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,375 shares of the credit-card processor’s stock after acquiring an additional 42 shares during the period. Investment Centers of America Inc.’s holdings in Visa were worth $2,611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp grew its stake in Visa by 0.9% in the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after acquiring an additional 722,878 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock valued at $1,625,097,000 after acquiring an additional 73,926 shares during the last quarter. Fisher Asset Management LLC grew its stake in Visa by 1.4% in the 1st quarter. Fisher Asset Management LLC now owns 15,163,968 shares of the credit-card processor’s stock valued at $1,347,622,000 after acquiring an additional 206,225 shares during the last quarter. MUFG Securities EMEA plc grew its stake in Visa by 7.0% in the 1st quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock valued at $1,045,864,000 after acquiring an additional 775,000 shares during the last quarter. Finally, UBS Asset Management Americas Inc. grew its stake in Visa by 2.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 8,381,445 shares of the credit-card processor’s stock valued at $744,859,000 after acquiring an additional 164,971 shares during the last quarter. 81.74% of the stock is currently owned by hedge funds and other institutional investors.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The shares were 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.

Visa Inc. (V) traded up 1.31% during mid-day trading on Monday, hitting $105.80. 2,550,275 shares of the stock were exchanged. The company has a 50 day moving average price of $102.05 and a 200 day moving average price of $94.67. The stock has a market cap of $241.90 billion, a price-to-earnings ratio of 39.35 and a beta of 0.94. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $105.82.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s revenue was up 25.8% compared to the same quarter last year. During the same period last year, the company earned $0.69 earnings per share. Analysts expect that Visa Inc. will post $3.42 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were paid a $0.165 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Visa’s dividend payout ratio is 24.54%.

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Several equities research analysts have issued reports on V shares. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $101.08 price target on the stock. in a research note on Thursday. KeyCorp reaffirmed a “buy” rating and set a $110.00 price target on shares of Visa in a research note on Friday, August 25th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Robert W. Baird reaffirmed a “buy” rating on shares of Visa in a research note on Thursday, August 24th. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $104.77.

Visa 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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