Gamco Investors INC. ET AL raised its stake in shares of Visa Inc. (NYSE:V) by 7.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,090 shares of the credit-card processor’s stock after buying an additional 5,303 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Visa were worth $7,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BARING ASSET MANAGEMENT Ltd boosted its stake in Visa by 3.8% during the second quarter. BARING ASSET MANAGEMENT Ltd now owns 22,691 shares of the credit-card processor’s stock worth $2,127,000 after buying an additional 825 shares during the period. Allegis Investment Advisors LLC lifted its position in shares of Visa by 30.9% during the second quarter. Allegis Investment Advisors LLC now owns 28,738 shares of the credit-card processor’s stock worth $2,695,000 after purchasing an additional 6,784 shares during the last quarter. Comerica Bank lifted its position in shares of Visa by 0.8% during the second quarter. Comerica Bank now owns 808,449 shares of the credit-card processor’s stock worth $81,144,000 after purchasing an additional 6,667 shares during the last quarter. Fernwood Investment Management LLC lifted its position in shares of Visa by 2.3% during the second quarter. Fernwood Investment Management LLC now owns 21,960 shares of the credit-card processor’s stock worth $2,059,000 after purchasing an additional 500 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of Visa by 1.8% during the second quarter. Legal & General Group Plc now owns 8,894,180 shares of the credit-card processor’s stock worth $834,122,000 after purchasing an additional 156,427 shares during the last quarter. 82.46% of the stock is owned by institutional investors and hedge funds.
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Visa Inc. (V) traded down $0.48 during trading on Tuesday, hitting $111.40. The company had a trading volume of 7,185,600 shares, compared to its average volume of 7,557,069. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $112.90. The stock has a market capitalization of $255,870.00, a P/E ratio of 32.15, a PEG ratio of 1.64 and a beta of 0.98.
Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 earnings per share. research analysts expect that Visa Inc. will post 4.05 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a dividend of $0.195 per share. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.70%. Visa’s payout ratio is currently 24.54%.
A number of equities analysts have commented on V shares. Mizuho reiterated a “buy” rating and issued a $115.00 target price on shares of Visa in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a report on Tuesday, September 19th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. BMO Capital Markets boosted their price target on Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Finally, UBS AG restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Three 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’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $116.08.
In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.
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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