Visa Inc. (V) Shares Bought by Private Wealth Partners LLC
Private Wealth Partners LLC increased its stake in Visa Inc. (NYSE:V) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 178,827 shares of the credit-card processor’s stock after acquiring an additional 1,075 shares during the period. Visa makes up 3.6% of Private Wealth Partners LLC’s investment portfolio, making the stock its 7th largest position. Private Wealth Partners LLC’s holdings in Visa were worth $16,770,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Clearbridge Investments LLC boosted its position in shares of Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after acquiring an additional 2,677,533 shares during the last quarter. Swiss National Bank boosted its position in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after acquiring an additional 1,388,200 shares during the last quarter. Akre Capital Management LLC boosted its position in shares of Visa by 35.0% in the first quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after acquiring an additional 1,267,080 shares during the last quarter. Karp Capital Management Corp boosted its position in shares of Visa by 3,256.5% in the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after acquiring an additional 941,581 shares during the last quarter. Finally, MUFG Securities EMEA plc boosted its position in shares of Visa by 7.0% in the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock worth $1,045,864,000 after acquiring an additional 775,000 shares during the last quarter. 81.74% of the stock is currently owned by institutional investors and hedge funds.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction on Thursday, August 17th. The stock was 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. Corporate insiders own 0.14% of the company’s stock.
Visa Inc. (V) opened at 105.30 on Friday. The firm has a 50-day moving average of $102.82 and a 200-day moving average of $95.21. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84. The firm has a market cap of $240.76 billion, a P/E ratio of 39.16 and a beta of 0.94.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. The business had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. Visa’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. On average, analysts expect that Visa Inc. will post $3.43 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were paid 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 payout ratio is 24.54%.
Several research firms recently issued reports on V. Wedbush reissued an “outperform” rating and issued a $100.00 target price (up from $96.00) on shares of Visa in a research report on Tuesday, June 6th. Loop Capital raised their target price on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a research report on Friday, July 21st. They noted that the move was a valuation call. Deutsche Bank AG raised their target price on shares of Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research report on Monday, July 10th. Instinet lifted their price target on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 25th. Four 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 stock. The company has an average rating of “Buy” and an average price target of $105.35.
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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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