TLP Group LLC acquired a new stake in Visa Inc. (NYSE:V) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,659 shares of the credit-card processor’s stock, valued at approximately $568,000.
Other large investors also recently modified their holdings of the company. Iowa State Bank acquired a new position in Visa during the second quarter worth approximately $111,000. West Oak Capital LLC boosted its position in Visa by 245.5% in the second quarter. West Oak Capital LLC now owns 1,534 shares of the credit-card processor’s stock worth $114,000 after buying an additional 1,090 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new position in shares of Visa during the second quarter valued at about $148,000. WealthTrust Arizona LLC boosted its position in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares during the period. Finally, Invictus RG boosted its position in shares of Visa by 144.2% in the first quarter. Invictus RG now owns 2,454 shares of the credit-card processor’s stock valued at $188,000 after buying an additional 1,449 shares during the period. 80.08% of the stock is currently owned by institutional investors.
Visa Inc. (NYSE:V) traded down 0.49% during mid-day trading on Thursday, hitting $82.56. 1,517,181 shares of the stock traded hands. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.79. The stock’s 50 day moving average is $81.54 and its 200-day moving average is $78.64. The company has a market cap of $194.84 billion, a price-to-earnings ratio of 35.09 and a beta of 0.91.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. On average, equities research analysts anticipate that Visa Inc. will post $2.79 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.56 annualized dividend and a yield of 0.67%. Visa’s payout ratio is currently 24.35%.
Several research analysts recently issued reports on the company. Pacific Crest reissued a “buy” rating on shares of Visa in a research note on Friday, July 22nd. Nomura reissued a “buy” rating and issued a $91.00 price objective on shares of Visa in a research note on Monday, July 25th. Oppenheimer Holdings Inc. increased their price objective on Visa from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $94.00 price objective on shares of Visa in a research note on Friday, August 5th. Finally, Sanford C. Bernstein reissued a “buy” rating on shares of Visa in a research note on Wednesday, June 15th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Visa has an average rating of “Buy” and an average target price of $88.54.
Visa Company Profile
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
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