Commerzbank Aktiengesellschaft FI cut its holdings in Visa Inc. (NYSE:V) by 20.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 334,012 shares of the credit-card processor’s stock after selling 85,467 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Visa were worth $31,324,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in V. Clearbridge Investments LLC increased its holdings 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 valued at $812,776,000 after purchasing an additional 2,677,533 shares during the period. Harbour Capital Advisors LLC increased its holdings in shares of Visa by 10,570.6% in the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock valued at $17,047,000 after purchasing an additional 1,583,686 shares during the period. Swiss National Bank increased its holdings 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 valued at $654,121,000 after purchasing an additional 1,388,200 shares during the period. Akre Capital Management LLC increased its holdings 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 valued at $434,487,000 after purchasing an additional 1,267,080 shares during the period. Finally, Karp Capital Management Corp increased its holdings 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 valued at $86,248,000 after purchasing an additional 941,581 shares during the period. Institutional investors own 82.09% of the company’s stock.

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Visa Inc. (NYSE:V) opened at $110.82 on Friday. The stock has a market capitalization of $230,062.31, a P/E ratio of 31.84, a price-to-earnings-growth ratio of 1.62 and a beta of 0.97. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. Visa Inc. has a 1 year low of $75.17 and a 1 year high of $112.90.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.78 earnings per share. equities analysts forecast that Visa Inc. will post 4.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.70%. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio is currently 27.86%.

A number of brokerages have recently weighed in on V. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group LLC increased their price objective on Visa from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, October 30th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective on the stock. in a report on Wednesday, October 25th. Morgan Stanley increased their price objective on Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets increased their price objective on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $116.08.

About Visa

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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