Atlanta Capital Group increased its position in Visa Inc. (NYSE:V) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 86,127 shares of the credit-card processor’s stock after buying an additional 633 shares during the period. Visa accounts for 1.4% of Atlanta Capital Group’s holdings, making the stock its 12th largest position. Atlanta Capital Group’s holdings in Visa were worth $6,388,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased 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 worth $4,025,174,000 after buying an additional 428,238 shares in the last quarter. BlackRock Group LTD increased 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 worth $1,375,205,000 after buying an additional 284,002 shares in the last quarter. TIAA CREF Investment Management LLC increased 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 worth $1,317,754,000 after buying an additional 96,266 shares in the last quarter. Geode Capital Management LLC increased 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 worth $1,254,198,000 after buying an additional 702,309 shares in the last quarter. Finally, Loomis Sayles & Co. L P increased 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 worth $944,523,000 after buying an additional 793,813 shares in the last quarter. 80.08% of the stock is currently owned by institutional investors and hedge funds.

Visa Inc. (NYSE:V) traded down 0.72% during midday trading on Friday, hitting $82.76. 2,868,678 shares of the stock were exchanged. The stock has a market cap of $195.31 billion, a price-to-earnings ratio of 35.17 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 firm has a 50 day moving average of $81.26 and a 200-day moving average of $78.26.

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

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

A number of research firms have recently issued reports on V. Pacific Crest reiterated a “buy” rating on shares of Visa in a research note on Friday, July 22nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $95.00 price objective on shares of Visa in a research note on Thursday, May 26th. Nomura reiterated a “buy” rating and set a $91.00 price objective on shares of Visa in a research note on Monday, July 25th. Oppenheimer Holdings Inc. increased their price objective on shares of Visa from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, June 10th. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and set a $94.00 price objective on shares of Visa in a research note on Friday, August 5th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target 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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