Visa Inc. (V) Stake Lessened by Neville Rodie & Shaw Inc.
Neville Rodie & Shaw Inc. lowered its position in Visa Inc. (NYSE:V) by 11.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 111,701 shares of the credit-card processor’s stock after selling 14,725 shares during the period. Visa accounts for approximately 1.2% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 26th largest position. Neville Rodie & Shaw Inc.’s holdings in Visa were worth $10,475,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Visa by 0.9% in the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after purchasing an additional 722,878 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after purchasing an additional 73,926 shares during the period. Fisher Asset Management LLC lifted its position in shares of Visa by 1.4% in the 1st quarter. Fisher Asset Management LLC now owns 15,163,968 shares of the credit-card processor’s stock worth $1,347,622,000 after purchasing an additional 206,225 shares during the period. MUFG Securities EMEA plc lifted its position in shares of 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 purchasing an additional 775,000 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of 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 purchasing an additional 2,677,533 shares during the period. Hedge funds and other institutional investors own 81.68% of the company’s stock.
Shares of Visa Inc. (NYSE:V) traded up 0.06% during midday trading on Monday, hitting $105.36. The stock had a trading volume of 2,322,173 shares. The stock’s 50 day moving average price is $102.82 and its 200 day moving average price is $95.21. The firm has a market cap of $240.90 billion, a price-to-earnings ratio of 39.18 and a beta of 0.94. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.83.
Visa (NYSE:V) last posted its quarterly earnings data 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. Visa had a return on equity of 30.95% and a net margin of 36.53%. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the firm earned $0.69 EPS. The business’s quarterly revenue was up 25.8% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post $3.43 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were given a dividend of $0.165 per share. The ex-dividend date of this dividend 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 currently 24.54%.
In related news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.
V has been the topic of a number of recent analyst reports. Citigroup Inc. restated a “buy” rating and issued a $100.00 price target on shares of Visa in a research report on Thursday, May 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Deutsche Bank AG lifted their price objective on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a research note on Monday, July 10th. Vetr lowered shares of Visa from a “hold” rating to a “sell” rating and set a $92.84 price objective for the company. in a research note on Monday, June 5th. Finally, Nomura lifted their price objective on shares of Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Four equities 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. The stock has an average rating of “Buy” and an average target price of $105.35.
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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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