Visa Inc. (V) Shares Bought by Frontier Wealth Management LLC
Frontier Wealth Management LLC increased its position in Visa Inc. (NYSE:V) by 33.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,703 shares of the credit-card processor’s stock after buying an additional 8,225 shares during the quarter. Frontier Wealth Management LLC’s holdings in Visa were worth $3,067,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC raised its position in shares of Visa by 0.4% during the second quarter. Capital Investment Advisory Services LLC now owns 4,747 shares of the credit-card processor’s stock worth $445,000 after purchasing an additional 20 shares during the period. Baker Ellis Asset Management LLC raised its position in shares of Visa by 0.3% during the second quarter. Baker Ellis Asset Management LLC now owns 6,262 shares of the credit-card processor’s stock worth $587,000 after purchasing an additional 20 shares during the period. Washington Trust Bank raised its position in shares of Visa by 0.8% during the second quarter. Washington Trust Bank now owns 3,895 shares of the credit-card processor’s stock worth $365,000 after purchasing an additional 32 shares during the period. Lakeview Capital Partners LLC raised its position in shares of Visa by 0.8% during the second quarter. Lakeview Capital Partners LLC now owns 4,283 shares of the credit-card processor’s stock worth $402,000 after purchasing an additional 34 shares during the period. Finally, Aspen Investment Management Inc raised its position in shares of Visa by 0.4% during the first quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock worth $824,000 after purchasing an additional 40 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.
V has been the topic of a number of recent analyst reports. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $100.88 target price on the stock. in a research report on Tuesday, August 22nd. Robert W. Baird reissued a “buy” rating on shares of Visa in a research report on Thursday, August 24th. UBS reissued an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. KeyCorp reissued a “buy” rating and set a $110.00 price target on shares of Visa in a research report on Friday, August 25th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Visa in a research report on Tuesday, September 12th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average target price of $117.08.
Shares of Visa Inc. (NYSE V) traded up $1.20 during mid-day trading on Monday, reaching $112.60. The company’s stock had a trading volume of 7,594,900 shares, compared to its average volume of 7,659,990. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. Visa Inc. has a 12 month low of $77.19 and a 12 month high of $113.62. The firm has a market cap of $233,266.78, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.65 and a beta of 0.97.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business’s revenue was up 13.9% compared to the same quarter last year. sell-side analysts forecast that Visa Inc. will post 4.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were given a $0.195 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. Visa’s dividend payout ratio is presently 27.86%.
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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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