Capital One National Association Trims Holdings in Visa Inc. (V)
Capital One National Association lowered its position in Visa Inc. (NYSE:V) by 2.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 134,074 shares of the credit-card processor’s stock after selling 3,145 shares during the quarter. Visa makes up approximately 0.9% of Capital One National Association’s portfolio, making the stock its 19th biggest position. Capital One National Association’s holdings in Visa were worth $12,573,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BKD Wealth Advisors LLC lifted its stake in Visa by 28.2% in the second quarter. BKD Wealth Advisors LLC now owns 9,971 shares of the credit-card processor’s stock valued at $935,000 after buying an additional 2,195 shares during the last quarter. Factory Mutual Insurance Co. lifted its stake in Visa by 4.0% in the second quarter. Factory Mutual Insurance Co. now owns 860,800 shares of the credit-card processor’s stock valued at $80,726,000 after buying an additional 33,000 shares during the last quarter. Beacon Financial Group lifted its stake in Visa by 6.1% in the second quarter. Beacon Financial Group now owns 24,203 shares of the credit-card processor’s stock valued at $2,285,000 after buying an additional 1,388 shares during the last quarter. Stillwater Capital Advisors LLC lifted its stake in Visa by 0.4% in the second quarter. Stillwater Capital Advisors LLC now owns 155,273 shares of the credit-card processor’s stock valued at $14,562,000 after buying an additional 601 shares during the last quarter. Finally, Trust Co lifted its stake in Visa by 3.9% in the first quarter. Trust Co now owns 35,574 shares of the credit-card processor’s stock valued at $3,162,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 81.68% of the company’s stock.
In related news, Director Mary B. Cranston sold 10,400 shares of Visa 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction 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 owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
WARNING: This piece was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/19/capital-one-national-association-trims-holdings-in-visa-inc-v.html.
Shares of Visa Inc. (NYSE V) traded up 0.67% during mid-day trading on Tuesday, hitting $105.53. The stock had a trading volume of 4,860,503 shares. The firm has a market cap of $241.29 billion, a P/E ratio of 39.25 and a beta of 0.94. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $106.84. The company has a 50 day moving average price of $102.98 and a 200 day moving average price of $95.43.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The business 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 company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.69 EPS. Equities analysts forecast that Visa Inc. will post $3.43 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s payout ratio is 24.54%.
A number of brokerages have weighed in on V. Vetr upgraded Visa from a “sell” rating to a “hold” rating and set a $105.08 price objective for the company in a research note on Wednesday, September 13th. BMO Capital Markets reiterated an “outperform” rating on shares of Visa in a research note on Tuesday, September 12th. KeyCorp reiterated a “buy” rating and issued a $110.00 price objective on shares of Visa in a research note on Friday, August 25th. UBS AG reiterated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, Robert W. Baird reiterated a “buy” rating on shares of Visa in a research note on Thursday, August 24th. Four investment 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. Visa currently has a consensus rating of “Buy” and a consensus price target of $105.35.
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.
Receive News & Stock Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related stocks with our FREE daily email newsletter.