First Interstate Bank decreased its position in shares of Visa Inc (NYSE:V) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,109 shares of the credit-card processor’s stock after selling 2,625 shares during the period. First Interstate Bank’s holdings in Visa were worth $1,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its position in Visa by 2.6% during the first quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock worth $223,368,000 after buying an additional 47,939 shares during the period. Robecosam AG grew its stake in shares of Visa by 17.8% in the 4th quarter. Robecosam AG now owns 9,562 shares of the credit-card processor’s stock valued at $1,093,000 after purchasing an additional 1,445 shares during the last quarter. 6 Meridian purchased a new position in shares of Visa in the 1st quarter valued at approximately $6,393,000. First American Trust FSB purchased a new position in shares of Visa in the 2nd quarter valued at approximately $5,855,000. Finally, Wendell David Associates Inc. purchased a new position in shares of Visa in the 2nd quarter valued at approximately $1,773,000. 80.23% of the stock is currently owned by institutional investors.

Visa stock opened at $143.20 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.60. Visa Inc has a 1-year low of $102.75 and a 1-year high of $147.86. The company has a market capitalization of $293.95 billion, a P/E ratio of 41.15, a price-to-earnings-growth ratio of 1.79 and a beta of 1.09.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, July 25th. The credit-card processor reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.11. Visa had a return on equity of 36.09% and a net margin of 47.91%. The firm had revenue of $5.24 billion for the quarter, compared to the consensus estimate of $5.09 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The company’s revenue for the quarter was up 14.8% compared to the same quarter last year. equities analysts anticipate that Visa Inc will post 4.61 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Friday, August 17th were paid a $0.21 dividend. The ex-dividend date was Thursday, August 16th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.59%. Visa’s dividend payout ratio (DPR) is presently 24.14%.

V has been the topic of several analyst reports. Morgan Stanley upgraded Visa to an “overweight” rating in a research note on Monday, July 23rd. Wolfe Research initiated coverage on Visa in a research note on Tuesday, July 17th. They issued an “outperform” rating on the stock. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Raymond James reiterated an “outperform” rating and issued a $165.00 target price on shares of Visa in a research note on Tuesday, July 24th. Finally, Wedbush lifted their target price on Visa from $135.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, June 6th. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Visa currently has a consensus rating of “Buy” and an average target price of $149.35.

In related news, CFO Vasant M. Prabhu sold 25,064 shares of Visa stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $140.56, for a total value of $3,522,995.84. Following the sale, the chief financial officer now directly owns 58,232 shares in the company, valued at $8,185,089.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 6,912 shares of Visa stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the sale, the senior vice president now owns 6,912 shares in the company, valued at $967,749.12. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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