Visa Inc. (V) Holdings Held by Livforsakringsbolaget Skandia Omsesidigt
Livforsakringsbolaget Skandia Omsesidigt continued to hold its stake in Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 62,192 shares of the credit-card processor’s stock at the close of the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Visa were worth $5,833,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. First National Bank of Mount Dora Trust Investment Services raised its stake in Visa by 30.2% in the 2nd quarter. First National Bank of Mount Dora Trust Investment Services now owns 49,731 shares of the credit-card processor’s stock valued at $4,664,000 after acquiring an additional 11,540 shares during the period. First American Trust FSB increased its position in shares of Visa by 36.6% during the second quarter. First American Trust FSB now owns 57,934 shares of the credit-card processor’s stock valued at $5,433,000 after buying an additional 15,534 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Visa by 10.9% during the second quarter. Independent Portfolio Consultants Inc. now owns 14,214 shares of the credit-card processor’s stock valued at $1,333,000 after buying an additional 1,392 shares during the period. Copper Rock Capital Partners LLC increased its position in shares of Visa by 524.4% during the second quarter. Copper Rock Capital Partners LLC now owns 4,152 shares of the credit-card processor’s stock valued at $324,000 after buying an additional 3,487 shares during the period. Finally, Triangle Securities Wealth Management increased its position in shares of Visa by 1.3% during the second quarter. Triangle Securities Wealth Management now owns 23,663 shares of the credit-card processor’s stock valued at $2,219,000 after buying an additional 315 shares during the period. Institutional investors and hedge funds own 81.74% of the company’s stock.
Visa Inc. (V) traded down 0.74% during mid-day trading on Friday, hitting $105.30. The stock had a trading volume of 12,622,921 shares. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The stock’s 50-day moving average price is $102.82 and its 200-day moving average price is $95.21. The stock has a market cap of $240.76 billion, a price-to-earnings ratio of 39.16 and a beta of 0.94.
Visa (NYSE:V) last announced its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company’s quarterly revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, analysts predict that Visa Inc. will post $3.43 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio (DPR) is 24.54%.
Several equities research analysts have recently weighed in on V shares. Vetr cut Visa from a “hold” rating to a “sell” rating and set a $92.84 price target on the stock. in a research report on Monday, June 5th. Zacks Investment Research cut Visa from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. UBS AG reiterated an “overweight” rating on shares of Visa in a research report on Thursday, August 24th. Finally, Credit Suisse Group set a $112.00 price target on Visa and gave the company a “buy” rating in a research report on Saturday, July 22nd. Four research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $105.35.
In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by insiders.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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