Visa Inc. (V) Stake Increased by Confluence Investment Management LLC
Confluence Investment Management LLC grew its holdings in Visa Inc. (NYSE:V) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,095 shares of the credit-card processor’s stock after buying an additional 209 shares during the period. Confluence Investment Management LLC’s holdings in Visa were worth $665,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Mercer Capital Advisers Inc. lifted its holdings in Visa by 2.2% during the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares during the last quarter. Advantage Investment Management LLC lifted its holdings in Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares during the last quarter. Delta Asset Management LLC TN lifted its holdings in Visa by 2.5% during the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after purchasing an additional 38 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Visa during the 1st quarter worth approximately $153,000. Finally, Tarbox Group Inc. lifted its holdings in Visa by 259.5% during the 1st quarter. Tarbox Group Inc. now owns 2,139 shares of the credit-card processor’s stock worth $190,000 after purchasing an additional 1,544 shares during the last quarter. 81.68% of the stock is owned by institutional investors.
Shares of Visa Inc. (NYSE V) traded up 0.24% on Friday, reaching $105.56. The company’s stock had a trading volume of 4,959,424 shares. The firm has a market cap of $241.36 billion, a price-to-earnings ratio of 39.26 and a beta of 0.94. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The stock has a 50 day moving average of $103.15 and a 200-day moving average of $95.55.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for 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 firm’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a dividend of $0.165 per share. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. Visa’s dividend payout ratio (DPR) is currently 24.54%.
V has been the subject of several research reports. Oppenheimer Holdings, Inc. lifted their price target on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $100.12 price target for the company in a report on Tuesday, June 27th. Mizuho initiated coverage on Visa in a report on Tuesday, June 27th. They set a “buy” rating and a $115.00 price target for the company. Jefferies Group LLC reissued a “buy” rating and set a $104.00 price target on shares of Visa in a report on Sunday, June 25th. Finally, BidaskClub cut Visa from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Four equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $106.42.
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In other news, Director Mary B. Cranston sold 10,400 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.
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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