Russell Investments Group Ltd. increased its position in Visa Inc. (NYSE:V) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,970,115 shares of the credit-card processor’s stock after acquiring an additional 64,731 shares during the period. Visa makes up 0.7% of Russell Investments Group Ltd.’s portfolio, making the stock its 17th biggest position. Russell Investments Group Ltd. owned approximately 0.17% of Visa worth $372,399,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Regentatlantic Capital LLC grew its position in Visa by 2.9% in the 2nd quarter. Regentatlantic Capital LLC now owns 4,215 shares of the credit-card processor’s stock valued at $395,000 after buying an additional 119 shares in the last quarter. First Midwest Bank Trust Division grew its position in Visa by 40.9% in the 2nd quarter. First Midwest Bank Trust Division now owns 41,823 shares of the credit-card processor’s stock valued at $3,923,000 after buying an additional 12,130 shares in the last quarter. Cambridge Advisors Inc. bought a new position in Visa in the 2nd quarter valued at about $524,000. Wallington Asset Management LLC grew its position in Visa by 3.8% in the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after buying an additional 2,090 shares in the last quarter. Finally, Benin Management CORP grew its position in Visa by 17.0% in the 2nd quarter. Benin Management CORP now owns 131,091 shares of the credit-card processor’s stock valued at $12,294,000 after buying an additional 19,010 shares in the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Visa Inc. (NYSE:V) traded up 0.529% during trading on Wednesday, reaching $103.555. 2,780,226 shares of the company traded hands. The stock has a market cap of $236.77 billion, a P/E ratio of 38.511 and a beta of 0.94. The stock’s 50 day moving average price is $101.46 and its 200-day moving average price is $94.37. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $104.20.

Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.69 EPS. On average, equities research analysts expect that Visa Inc. will post $3.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were paid a $0.165 dividend. This represents a $0.66 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.

In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’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 sale, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’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. Insiders own 0.14% of the company’s stock.

A number of equities analysts recently issued reports on the stock. KeyCorp reiterated a “buy” rating and issued a $110.00 target price on shares of Visa in a research report on Friday, August 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating on shares of Visa in a research report on Thursday, August 24th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $100.88 target price for the company. in a research report on Tuesday, August 22nd. Finally, BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-seven have issued a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $104.76.

Visa Company 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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