Maven Securities LTD Has $986,000 Stock Holdings in Visa Inc (NYSE:V)
Maven Securities LTD grew its stake in Visa Inc (NYSE:V) by 340.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 5,760 shares of the credit-card processor’s stock after purchasing an additional 4,453 shares during the quarter. Maven Securities LTD’s holdings in Visa were worth $986,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. FCA Corp TX raised its holdings in shares of Visa by 3.8% in the 2nd quarter. FCA Corp TX now owns 1,879 shares of the credit-card processor’s stock valued at $326,000 after purchasing an additional 68 shares during the period. Scotia Capital Inc. grew its holdings in Visa by 7.0% during the second quarter. Scotia Capital Inc. now owns 601,464 shares of the credit-card processor’s stock worth $104,400,000 after purchasing an additional 39,302 shares during the period. Signet Financial Management LLC grew its holdings in Visa by 711.3% during the second quarter. Signet Financial Management LLC now owns 15,732 shares of the credit-card processor’s stock worth $2,890,000 after purchasing an additional 13,793 shares during the period. Eagle Global Advisors LLC increased its position in Visa by 1.5% during the second quarter. Eagle Global Advisors LLC now owns 45,782 shares of the credit-card processor’s stock worth $7,946,000 after buying an additional 675 shares during the last quarter. Finally, Everett Harris & Co. CA increased its position in Visa by 18.9% during the second quarter. Everett Harris & Co. CA now owns 1,662 shares of the credit-card processor’s stock worth $288,000 after buying an additional 264 shares during the last quarter. 81.20% of the stock is currently owned by institutional investors and hedge funds.
V stock traded down $1.42 during mid-day trading on Wednesday, hitting $174.93. The stock had a trading volume of 7,699,313 shares, compared to its average volume of 5,549,568. The firm has a fifty day simple moving average of $179.35 and a 200 day simple moving average of $166.94. The firm has a market capitalization of $360.18 billion, a P/E ratio of 37.95, a P/E/G ratio of 2.04 and a beta of 0.97. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 16th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.57%. Visa’s dividend payout ratio (DPR) is 21.69%.
In other Visa news, Director Denise M. Morrison bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the purchase, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares in the company, valued at approximately $11,271,074.22. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.
A number of analysts have recently issued reports on V shares. Bank of America raised their price objective on Visa from $177.00 to $192.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Raymond James lifted their target price on Visa from $177.00 to $193.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 24th. Wedbush reissued an “outperform” rating on shares of Visa in a report on Wednesday, July 3rd. Citigroup increased their price target on Visa from $185.00 to $206.00 and gave the company a “buy” rating in a research note on Monday. Finally, Piper Jaffray Companies set a $207.00 price target on Visa and gave the company a “buy” rating in a report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $196.57.
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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