Visa Inc. (V) Position Boosted by KAMES CAPITAL plc
KAMES CAPITAL plc lifted its holdings in Visa Inc. (NYSE:V) by 3.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 674,211 shares of the credit-card processor’s stock after purchasing an additional 20,385 shares during the period. Visa comprises about 1.8% of KAMES CAPITAL plc’s portfolio, making the stock its 19th largest holding. KAMES CAPITAL plc’s holdings in Visa were worth $63,234,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Clearbridge Investments LLC boosted its holdings in Visa by 41.4% in the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the last quarter. Swiss National Bank boosted its holdings in Visa by 23.2% in the 1st quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after buying an additional 1,388,200 shares during the last quarter. Akre Capital Management LLC boosted its holdings in Visa by 35.0% in the 1st quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after buying an additional 1,267,080 shares during the last quarter. Karp Capital Management Corp boosted its holdings in Visa by 3,256.5% in the 1st quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after buying an additional 941,581 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its holdings 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 worth $1,045,864,000 after buying an additional 775,000 shares during the last quarter. Hedge funds and other institutional investors own 81.74% of the company’s stock.
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Shares of Visa Inc. (NYSE V) traded down 0.74% during mid-day trading on Friday, reaching $105.30. The company’s stock had a trading volume of 12,622,921 shares. The firm’s 50 day moving average price is $102.82 and its 200-day moving average price is $95.21. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84. The company has a market capitalization of $240.76 billion, a price-to-earnings ratio of 39.16 and a beta of 0.94.
Visa (NYSE:V) last announced 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 company had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. Visa’s revenue for the quarter was up 25.8% on a year-over-year basis. During the same quarter last year, the business earned $0.69 EPS. On average, analysts predict that Visa Inc. will post $3.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were issued a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is presently 24.54%.
V has been the topic of several research analyst reports. Citigroup Inc. reiterated a “buy” rating and issued a $100.00 price objective on shares of Visa in a report on Thursday, May 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Deutsche Bank AG lifted their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, July 10th. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective on the stock. in a report on Monday, June 5th. Finally, Nomura lifted their price objective on Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Four research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.35.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction 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 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.
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