Sii Investments Inc. WI Increases Position in Visa Inc. (V)
Sii Investments Inc. WI increased its stake in shares of Visa Inc. (NYSE:V) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,993 shares of the credit-card processor’s stock after buying an additional 1,478 shares during the period. Sii Investments Inc. WI’s holdings in Visa were worth $1,187,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in V. National Planning Corp boosted its position in shares of Visa by 10.3% in the second quarter. National Planning Corp now owns 15,987 shares of the credit-card processor’s stock worth $1,251,000 after buying an additional 1,495 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Visa by 1.9% in the second quarter. Principal Financial Group Inc. now owns 3,386,770 shares of the credit-card processor’s stock worth $251,197,000 after buying an additional 63,500 shares in the last quarter. Signature Estate & Investment Advisors LLC acquired a new position in shares of Visa during the second quarter worth approximately $139,000. Private Advisor Group LLC boosted its position in shares of Visa by 31.2% in the second quarter. Private Advisor Group LLC now owns 111,772 shares of the credit-card processor’s stock worth $8,278,000 after buying an additional 26,562 shares in the last quarter. Finally, TLP Group LLC acquired a new position in shares of Visa during the second quarter worth approximately $568,000. Institutional investors and hedge funds own 80.08% of the company’s stock.
Shares of Visa Inc. (NYSE:V) opened at 82.70 on Friday. The company has a market cap of $195.17 billion, a P/E ratio of 35.15 and a beta of 0.91. Visa Inc. has a one year low of $66.12 and a one year high of $83.79. The stock’s 50 day moving average is $81.68 and its 200-day moving average is $78.74.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. Equities research analysts forecast that Visa Inc. will post $2.79 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, August 17th. Visa’s payout ratio is currently 24.35%.
A number of brokerages have commented on V. Pacific Crest set a $92.00 price target on shares of Visa and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Barclays PLC lifted their target price on shares of Visa from $88.00 to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 12th. Deutsche Bank AG reiterated a “buy” rating and issued a $87.00 target price on shares of Visa in a research note on Tuesday, September 6th. Robert W. Baird lifted their target price on shares of Visa from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, September 6th. Finally, Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $83.12 target price for the company. in a research note on Monday, August 15th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.54.
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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