Stephens Inc. AR Has $32.52 Million Stake in Visa Inc. (NYSE:V)

Stephens Inc. AR raised its position in shares of Visa Inc. (NYSE:V) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,059 shares of the credit-card processor’s stock after buying an additional 2,813 shares during the period. Stephens Inc. AR’s holdings in Visa were worth $32,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Visa by 7.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 84,009,523 shares of the credit-card processor’s stock valued at $17,787,336,000 after purchasing an additional 6,034,535 shares during the last quarter. Magellan Asset Management Ltd grew its stake in shares of Visa by 32.1% during the first quarter. Magellan Asset Management Ltd now owns 12,625,802 shares of the credit-card processor’s stock valued at $2,673,261,000 after purchasing an additional 3,065,044 shares during the last quarter. Edgewood Management LLC grew its stake in shares of Visa by 17.1% during the first quarter. Edgewood Management LLC now owns 15,902,335 shares of the credit-card processor’s stock valued at $3,367,001,000 after purchasing an additional 2,326,178 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Visa by 19.8% during the first quarter. Franklin Resources Inc. now owns 12,573,336 shares of the credit-card processor’s stock valued at $2,662,156,000 after purchasing an additional 2,075,534 shares during the last quarter. Finally, Alliancebernstein L.P. grew its stake in shares of Visa by 10.7% during the second quarter. Alliancebernstein L.P. now owns 20,743,603 shares of the credit-card processor’s stock valued at $4,850,269,000 after purchasing an additional 2,009,038 shares during the last quarter. 81.04% of the stock is owned by institutional investors.

Shares of V stock traded down $3.53 on Tuesday, hitting $226.07. The stock had a trading volume of 150,574 shares, compared to its average volume of 8,203,271. The business has a 50 day moving average of $233.32 and a 200 day moving average of $229.93. The stock has a market cap of $440.38 billion, a price-to-earnings ratio of 46.38, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.00 and a quick ratio of 2.00. Visa Inc. has a 12-month low of $179.23 and a 12-month high of $252.67.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, July 27th. The credit-card processor reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.16. Visa had a net margin of 47.97% and a return on equity of 35.45%. The business had revenue of $6.13 billion during the quarter, compared to the consensus estimate of $5.86 billion. During the same quarter last year, the company posted $1.07 earnings per share. The firm’s quarterly revenue was up 26.7% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 5.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Stockholders of record on Friday, August 13th were given a $0.32 dividend. The ex-dividend date was Thursday, August 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.57%. Visa’s dividend payout ratio (DPR) is currently 25.40%.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction that occurred on Friday, July 30th. The shares were sold at an average price of $247.21, for a total transaction of $2,224,890.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $246.29, for a total transaction of $2,756,723.97. The disclosure for this sale can be found here. Insiders sold 84,813 shares of company stock valued at $20,342,613 over the last 90 days. 0.19% of the stock is owned by company insiders.

A number of brokerages have issued reports on V. Daiwa Capital Markets cut shares of Visa from an “outperform” rating to a “neutral” rating and set a $250.00 price objective on the stock. in a research note on Thursday, August 12th. Robert W. Baird raised their price objective on shares of Visa from $282.00 to $305.00 and gave the company an “outperform” rating in a research note on Thursday, July 15th. Citigroup raised their price objective on shares of Visa from $283.00 to $288.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. Wedbush lifted their price target on shares of Visa from $250.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 28th. Finally, Morgan Stanley lifted their price target on shares of Visa from $279.00 to $282.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 28th. One analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $271.52.

Visa Profile

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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