RPG Investment Advisory LLC raised its stake in shares of Visa Inc. (NYSE:V) by 4.2% during the second quarter, Holdings Channel reports. The institutional investor owned 6,003 shares of the credit-card processor’s stock after buying an additional 244 shares during the period. RPG Investment Advisory LLC’s holdings in Visa were worth $445,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in V. BlackRock Institutional Trust Company N.A. raised its position in Visa by 0.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 52,630,415 shares of the credit-card processor’s stock valued at $4,025,174,000 after buying an additional 428,238 shares during the last quarter. BlackRock Group LTD raised its position in Visa by 1.6% in the first quarter. BlackRock Group LTD now owns 17,981,225 shares of the credit-card processor’s stock valued at $1,375,205,000 after buying an additional 284,002 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Visa by 0.6% in the first quarter. TIAA CREF Investment Management LLC now owns 17,230,048 shares of the credit-card processor’s stock valued at $1,317,754,000 after buying an additional 96,266 shares during the last quarter. Geode Capital Management LLC raised its position in Visa by 4.5% in the first quarter. Geode Capital Management LLC now owns 16,430,661 shares of the credit-card processor’s stock valued at $1,254,198,000 after buying an additional 702,309 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its position in Visa by 6.9% in the first quarter. Loomis Sayles & Co. L P now owns 12,349,933 shares of the credit-card processor’s stock valued at $944,523,000 after buying an additional 793,813 shares during the last quarter. 80.08% of the stock is owned by institutional investors.

Visa Inc. (NYSE:V) traded up 0.38% during trading on Thursday, reaching $83.54. 3,372,613 shares of the company’s stock traded hands. The stock has a market capitalization of $197.15 billion, a P/E ratio of 35.50 and a beta of 0.91. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.79. The company has a 50-day moving average of $81.13 and a 200 day moving average of $78.22.

Visa (NYSE:V) last released its earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The firm earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. On average, equities research analysts expect that Visa Inc. will post $2.79 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th were given a dividend of $0.14 per share. The ex-dividend date was Wednesday, August 17th. This represents a $0.56 annualized dividend and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 24.35%.

V has been the topic of several recent analyst reports. Jefferies Group reiterated a “buy” rating on shares of Visa in a report on Tuesday, July 5th. Vetr lowered shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price objective on the stock. in a report on Monday, July 11th. Sanford C. Bernstein restated an “outperform” rating and issued a $97.00 price objective on shares of Visa in a report on Thursday, June 9th. Barclays PLC decreased their price objective on shares of Visa from $90.00 to $88.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Finally, Nomura restated a “buy” rating and issued a $91.00 price objective on shares of Visa in a report on Monday, July 25th. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Visa presently has an average rating of “Buy” and an average target price of $88.54.

About Visa

Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.

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