Cookson Peirce & Co. Inc. acquired a new stake in Visa Inc (NYSE:V) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,290 shares of the credit-card processor’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wallington Asset Management LLC raised its holdings in shares of Visa by 3.8% in the second quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock valued at $5,419,000 after buying an additional 2,090 shares during the last quarter. iAB Financial Bank raised its holdings in shares of Visa by 2.6% in the second quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock valued at $5,342,000 after buying an additional 1,423 shares during the last quarter. Carret Asset Management LLC raised its holdings in shares of Visa by 4.5% in the first quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock valued at $2,403,000 after buying an additional 1,153 shares during the last quarter. Cypress Asset Management Inc. TX raised its holdings in shares of Visa by 31.1% in the second quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock valued at $1,380,000 after buying an additional 3,495 shares during the last quarter. Finally, Heritage Trust Co raised its holdings in shares of Visa by 51.4% in the second quarter. Heritage Trust Co now owns 4,520 shares of the credit-card processor’s stock valued at $424,000 after buying an additional 1,535 shares during the last quarter. Institutional investors own 81.91% of the company’s stock.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.14% of the company’s stock.

Shares of Visa Inc (V) traded down $0.15 during trading on Thursday, reaching $113.31. 8,088,900 shares of the company’s stock were exchanged, compared to its average volume of 7,665,831. Visa Inc has a 12 month low of $77.19 and a 12 month high of $114.37. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $235,048.41, a PE ratio of 32.60, a PEG ratio of 1.66 and a beta of 0.97.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the company posted $0.78 earnings per share. The firm’s quarterly revenue was up 13.9% compared to the same quarter last year. research analysts predict that Visa Inc will post 4.05 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a $0.195 dividend. The ex-dividend date was Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is 27.86%.

A number of brokerages have recently commented on V. Vetr cut shares of Visa from a “buy” rating to a “hold” rating and set a $117.74 target price for the company. in a report on Tuesday. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Jefferies Group upped their target price on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a report on Monday, October 30th. Morgan Stanley upped their target price on shares of Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. Finally, BMO Capital Markets upped their target price on shares of Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $117.23.

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Visa Profile

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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