Visa Inc. (V) Shares Bought by Rothschild Asset Management Inc.
Rothschild Asset Management Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 102.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,985 shares of the credit-card processor’s stock after purchasing an additional 183,504 shares during the quarter. Rothschild Asset Management Inc.’s holdings in Visa were worth $33,947,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Mercer Capital Advisers Inc. raised its holdings in shares of Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after acquiring an additional 25 shares during the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Visa in the 2nd quarter worth about $122,000. SpiderRock Advisors LLC raised its holdings in shares of Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares during the last quarter. Advantage Investment Management LLC raised its holdings in shares of Visa by 27.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after acquiring an additional 314 shares during the last quarter. Finally, Delta Asset Management LLC TN raised its holdings in shares of Visa by 2.5% in the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after acquiring an additional 38 shares during the last quarter. 81.69% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on V. KeyCorp restated a “buy” rating and issued a $110.00 target price on shares of Visa in a report on Wednesday. Robert W. Baird restated an “outperform” rating and issued a $128.00 target price (up previously from $122.00) on shares of Visa in a report on Monday. Buckingham Research began coverage on shares of Visa in a report on Monday. They issued a “buy” rating and a $129.00 target price on the stock. Cantor Fitzgerald began coverage on shares of Visa in a report on Thursday, September 28th. They issued an “overweight” rating and a $120.00 target price on the stock. Finally, Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 target price on the stock in a report on Tuesday, September 26th. Three research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. Visa presently has an average rating of “Buy” and an average price target of $108.76.
Visa Inc. (V) opened at 105.31 on Thursday. The company has a market capitalization of $240.78 billion, a P/E ratio of 39.16 and a beta of 0.93. The firm has a 50-day moving average of $104.30 and a 200 day moving average of $96.70. Visa Inc. has a one year low of $75.17 and a one year high of $106.84.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 net margin of 36.53% and a return on equity of 30.95%. The company’s revenue was up 25.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share. On average, equities analysts forecast that Visa Inc. will post $3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th were given a $0.165 dividend. 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 other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the company’s stock in a transaction that occurred 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 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Mary B. Cranston sold 10,400 shares of the company’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 transaction 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 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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