MRA Associates USA LLC Purchases Shares of 242 Visa Inc (NYSE:V)

MRA Associates USA LLC purchased a new stake in shares of Visa Inc (NYSE:V) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 242 shares of the credit-card processor’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Lowe Wealth Advisors LLC lifted its stake in Visa by 114.7% in the second quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock worth $28,000 after acquiring an additional 86 shares during the period. Personal Wealth Partners purchased a new stake in Visa in the second quarter worth $30,000. Mcmillion Capital Management Inc. purchased a new stake in Visa in the second quarter worth $38,000. Hexavest Inc. purchased a new stake in Visa in the second quarter worth $40,000. Finally, Essex Investment Management Co. LLC purchased a new stake in Visa in the fourth quarter worth $33,000. Institutional investors and hedge funds own 81.34% of the company’s stock.

Shares of Visa stock traded down $2.09 during trading hours on Friday, reaching $178.00. 97,354 shares of the stock traded hands, compared to its average volume of 7,386,899. The company has a 50 day moving average price of $178.90 and a 200 day moving average price of $163.38. The firm has a market capitalization of $355.60 billion, a price-to-earnings ratio of 38.59, a P/E/G ratio of 2.00 and a beta of 0.96. Visa Inc has a one year low of $121.60 and a one year high of $184.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (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 the consensus estimate of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.20 EPS. Sell-side analysts anticipate that Visa Inc will post 5.4 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. Visa’s payout ratio is currently 21.69%.

In other news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total transaction of $639,555.00. Following the transaction, the director now directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Denise M. Morrison acquired 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the transaction, the director now owns 3,223 shares in the company, valued at $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is owned by insiders.

Several equities analysts have commented on the company. KeyCorp raised their price objective on Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research report on Wednesday, July 24th. Morgan Stanley raised their price objective on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Cantor Fitzgerald reissued a “buy” rating and set a $181.00 price objective on shares of Visa in a research report on Sunday, April 28th. Piper Jaffray Companies set a $207.00 price objective on Visa and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Bank of America raised their price objective on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $195.46.

Visa Profile

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.

See Also: How does a reverse stock split work?

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.