Visa Inc. (V) Holdings Held by Lee Financial Co
Lee Financial Co maintained its position in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the credit-card processor’s stock at the end of the 2nd quarter. Lee Financial Co’s holdings in Visa were worth $135,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. CAPROCK Group Inc. raised its holdings in shares of Visa by 9.4% in the 2nd quarter. CAPROCK Group Inc. now owns 15,454 shares of the credit-card processor’s stock valued at $1,449,000 after purchasing an additional 1,332 shares in the last quarter. Nwam LLC raised its holdings in shares of Visa by 13.0% in the 2nd quarter. Nwam LLC now owns 6,738 shares of the credit-card processor’s stock valued at $632,000 after purchasing an additional 776 shares in the last quarter. Lourd Capital LLC raised its holdings in shares of Visa by 9.3% in the 2nd quarter. Lourd Capital LLC now owns 5,365 shares of the credit-card processor’s stock valued at $503,000 after purchasing an additional 457 shares in the last quarter. Heritage Wealth Advisors raised its holdings in shares of Visa by 45.1% in the 2nd quarter. Heritage Wealth Advisors now owns 8,852 shares of the credit-card processor’s stock valued at $829,000 after purchasing an additional 2,752 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in shares of Visa by 3.6% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,382,532 shares of the credit-card processor’s stock valued at $129,653,000 after purchasing an additional 48,412 shares in the last quarter. 81.69% of the stock is owned by institutional investors.
Shares of Visa Inc. (NYSE V) opened at 106.24 on Friday. The stock has a market capitalization of $242.91 billion, a P/E ratio of 39.51 and a beta of 0.93. Visa Inc. has a one year low of $75.17 and a one year high of $106.84. The company’s 50-day moving average is $104.39 and its 200-day moving average is $96.77.
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 analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. During the same period last year, the firm posted $0.69 EPS. Visa’s quarterly revenue was up 25.8% on a year-over-year basis. On average, equities research analysts anticipate that Visa Inc. will post $3.43 earnings per share for the current year.
V has been the subject of several recent research reports. Deutsche Bank AG boosted their price target on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Jefferies Group LLC restated a “buy” rating and issued a $104.00 price target on shares of Visa in a report on Sunday, June 25th. UBS AG restated an “overweight” rating on shares of Visa in a report on Thursday, August 24th. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 25th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $100.00 price target (up previously from $87.50) on shares of Visa in a report on Saturday, July 22nd. Three equities research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $108.76.
In related 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 directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Company insiders own 0.14% of the company’s stock.
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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