Visa Inc (V) Shares Bought by AMP Capital Investors Ltd

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AMP Capital Investors Ltd boosted its stake in Visa Inc (NYSE:V) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,504,028 shares of the credit-card processor’s stock after purchasing an additional 69,402 shares during the quarter. Visa comprises approximately 1.1% of AMP Capital Investors Ltd’s holdings, making the stock its 6th largest holding. AMP Capital Investors Ltd owned 0.07% of Visa worth $199,208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in V. Cascade Investment Advisors Inc. bought a new stake in shares of Visa in the 2nd quarter worth about $132,000. Signature Estate & Investment Advisors LLC increased its holdings in shares of Visa by 36.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after buying an additional 365 shares during the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Visa in the 2nd quarter worth about $186,000. Landaas & Co. WI ADV bought a new stake in shares of Visa in the 2nd quarter worth about $189,000. Finally, Kiley Juergens Wealth Management LLC bought a new stake in shares of Visa in the 2nd quarter worth about $191,000. Institutional investors and hedge funds own 80.41% of the company’s stock.

Shares of NYSE:V opened at $137.85 on Thursday. The stock has a market cap of $280.20 billion, a P/E ratio of 29.90, a PEG ratio of 1.46 and a beta of 1.06. Visa Inc has a 12 month low of $106.60 and a 12 month high of $151.56. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.69 and a current ratio of 1.61.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, beating the consensus estimate of $1.20 by $0.01. The company had revenue of $5.43 billion for the quarter, compared to the consensus estimate of $5.44 billion. Visa had a net margin of 49.98% and a return on equity of 38.00%. On average, equities analysts forecast that Visa Inc will post 5.34 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Investors of record on Friday, November 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.73%. This is an increase from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Thursday, November 15th. Visa’s dividend payout ratio is presently 18.22%.

V has been the topic of a number of research reports. Morgan Stanley boosted their target price on shares of Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a report on Thursday, July 19th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $153.00 target price on the stock in a report on Tuesday, July 31st. SunTrust Banks boosted their target price on shares of Visa to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Loop Capital boosted their target price on shares of Visa to $157.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. They noted that the move was a valuation call. Finally, Bank of America boosted their target price on shares of Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.47.

In other Visa news, CFO Vasant M. Prabhu sold 25,064 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $140.56, for a total value of $3,522,995.84. Following the transaction, the chief financial officer now directly owns 58,232 shares in the company, valued at approximately $8,185,089.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP James H. Hoffmeister sold 6,912 shares of the company’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $140.01, for a total transaction of $967,749.12. Following the completion of the transaction, 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. Corporate insiders own 0.14% of the company’s stock.

Visa 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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