Parsons Capital Management Inc. RI increased its holdings in shares of Visa Inc (NYSE:V) by 23.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 30,191 shares of the credit-card processor’s stock after purchasing an additional 5,825 shares during the period. Parsons Capital Management Inc. RI’s holdings in Visa were worth $3,611,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dempze Nancy E lifted its position in shares of Visa by 11.2% in the 4th quarter. Dempze Nancy E now owns 4,966 shares of the credit-card processor’s stock worth $566,000 after purchasing an additional 500 shares during the period. CIBC Asset Management Inc lifted its position in shares of Visa by 7.1% in the 4th quarter. CIBC Asset Management Inc now owns 270,370 shares of the credit-card processor’s stock worth $30,828,000 after purchasing an additional 17,836 shares during the period. Klingman & Associates LLC purchased a new stake in shares of Visa in the 4th quarter worth about $303,000. Puzo Michael J lifted its position in shares of Visa by 9.3% in the 4th quarter. Puzo Michael J now owns 11,280 shares of the credit-card processor’s stock worth $1,287,000 after purchasing an additional 960 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Visa by 7.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,167,174 shares of the credit-card processor’s stock worth $247,101,000 after purchasing an additional 145,655 shares during the period. 79.87% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE V opened at $140.01 on Friday. Visa Inc has a 1 year low of $99.43 and a 1 year high of $143.14. The stock has a market cap of $284.21 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69.

Visa (NYSE:V) last issued its earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.11. The business had revenue of $5.24 billion during the quarter, compared to analysts’ expectations of $5.09 billion. Visa had a net margin of 47.91% and a return on equity of 36.09%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. research analysts forecast that Visa Inc will post 4.54 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, August 17th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.84 annualized dividend and a yield of 0.60%. Visa’s dividend payout ratio (DPR) is presently 24.14%.

Several equities research analysts have recently commented on V shares. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Morgan Stanley raised their target price on shares of Visa from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Buckingham Research raised their target price on shares of Visa from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Argus raised their target price on shares of Visa from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Finally, UBS Group started coverage on shares of Visa in a research report on Friday, May 18th. They issued a “neutral” rating and a $141.00 target price for the company. Three 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. The company presently has a consensus rating of “Buy” and a consensus target price of $147.61.

In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of Visa stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the transaction, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at $967,749.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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