Capital Analysts LLC Purchases 4,243 Shares of Visa Inc. (V)

Capital Analysts LLC increased its position in Visa Inc. (NYSE:V) by 13.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 35,348 shares of the credit-card processor’s stock after acquiring an additional 4,243 shares during the quarter. Capital Analysts LLC’s holdings in Visa were worth $3,315,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in V. Syntal Capital Partners LLC boosted its stake in Visa by 20.8% in the 1st quarter. Syntal Capital Partners LLC now owns 6,635 shares of the credit-card processor’s stock worth $589,000 after purchasing an additional 1,144 shares during the period. British Airways Pensions Investment Management Ltd boosted its stake in Visa by 100.4% in the 1st quarter. British Airways Pensions Investment Management Ltd now owns 658,038 shares of the credit-card processor’s stock worth $58,449,000 after purchasing an additional 329,750 shares during the period. Pillar Pacific Capital Management LLC boosted its stake in Visa by 16.3% in the 1st quarter. Pillar Pacific Capital Management LLC now owns 7,508 shares of the credit-card processor’s stock worth $667,000 after purchasing an additional 1,055 shares during the period. Alpha Cubed Investments LLC boosted its stake in Visa by 50.3% in the 1st quarter. Alpha Cubed Investments LLC now owns 19,429 shares of the credit-card processor’s stock worth $1,727,000 after purchasing an additional 6,498 shares during the period. Finally, Chicago Equity Partners LLC boosted its stake in Visa by 29.2% in the 1st quarter. Chicago Equity Partners LLC now owns 136,830 shares of the credit-card processor’s stock worth $12,160,000 after purchasing an additional 30,940 shares during the period. 82.46% of the stock is owned by institutional investors.

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Visa Inc. (V) opened at $110.25 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $112.90. The stock has a market capitalization of $254,220.00, a P/E ratio of 32.01, a PEG ratio of 1.63 and a beta of 0.98.

Visa (NYSE:V) last posted its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts anticipate that Visa Inc. will post 4.05 EPS for the current fiscal year.

The company also recently declared 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 represents a $0.78 annualized dividend and a yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. Visa’s dividend payout ratio is presently 24.54%.

Several research analysts have commented on V shares. Loop Capital raised their target price on Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Instinet raised their target price on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Nomura lifted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Bank of America Corporation lifted their price target on Visa from $103.00 to $111.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, Cowen and Company reiterated an “outperform” rating and set a $107.00 price target (up previously from $105.00) on shares of Visa in a research report on Saturday, July 22nd. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $116.08.

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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