Green Square Capital LLC Has $1,389,000 Stake in Visa Inc. (V)
Green Square Capital LLC continued to hold its stake in shares of Visa Inc. (NYSE:V) during the second quarter, Holdings Channel reports. The fund owned 18,732 shares of the credit-card processor’s stock at the end of the second quarter. Green Square Capital LLC’s holdings in Visa were worth $1,389,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the stock. Bank of Montreal Can bought a new stake in shares of Visa during the second quarter worth about $262,163,000. Findlay Park Partners LLP raised its stake in shares of Visa by 107.9% in the first quarter. Findlay Park Partners LLP now owns 5,154,970 shares of the credit-card processor’s stock worth $394,252,000 after buying an additional 2,676,011 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Visa by 4,373.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,713,844 shares of the credit-card processor’s stock worth $131,075,000 after buying an additional 1,675,532 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new stake in shares of Visa during the first quarter worth about $111,062,000. Finally, Fundsmith LLP raised its stake in shares of Visa by 40.5% in the first quarter. Fundsmith LLP now owns 3,922,506 shares of the credit-card processor’s stock worth $299,993,000 after buying an additional 1,130,885 shares in the last quarter. 80.08% of the stock is owned by hedge funds and other institutional investors.
Shares of Visa Inc. (NYSE:V) traded up 0.19% during mid-day trading on Monday, hitting $82.86. The company’s stock had a trading volume of 8,155,414 shares. The stock has a 50-day moving average of $81.76 and a 200-day moving average of $78.91. The company has a market cap of $195.55 billion, a PE ratio of 35.21 and a beta of 0.95. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $83.79.
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, topping the Zacks’ consensus estimate of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The company earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. On average, equities research analysts forecast that Visa Inc. will post $2.79 EPS 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 of this dividend was Wednesday, August 17th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio (DPR) is 24.35%.
A number of analysts have recently issued reports on V shares. Jefferies Group reissued a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Vetr downgraded Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price objective for the company. 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 Visa from $90.00 to $88.00 and set an “overweight” rating for the company 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 equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Visa presently has a consensus rating of “Buy” and a consensus target price 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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