JNBA Financial Advisors increased its position in Visa Inc. (NYSE:V) by 223.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,271 shares of the credit-card processor’s stock after buying an additional 2,950 shares during the period. JNBA Financial Advisors’ holdings in Visa were worth $317,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Iowa State Bank acquired a new stake in shares of Visa during the second quarter worth about $111,000. West Oak Capital LLC boosted its stake in shares of 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 during the period. WealthTrust Arizona LLC boosted its stake 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 worth $177,000 after buying an additional 21 shares during the period. Invictus RG boosted its stake 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 worth $188,000 after buying an additional 1,449 shares during the period. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of Visa by 67.3% in the second quarter. Arcadia Investment Management Corp MI now owns 2,700 shares of the credit-card processor’s stock worth $200,000 after buying an additional 1,086 shares during the period. 80.08% of the stock is owned by institutional investors and hedge funds.
Shares of Visa Inc. (NYSE:V) traded down 0.98% during midday trading on Friday, reaching $82.54. 8,283,718 shares of the company traded hands. The firm has a market capitalization of $194.79 billion, a PE ratio of 35.08 and a beta of 0.91. The stock has a 50 day moving average price of $81.35 and a 200 day moving average price of $78.33. Visa Inc. has a 1-year low of $66.12 and a 1-year high of $83.79.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a net margin of 38.72% and a return on equity of 22.36%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.67 billion. Analysts expect that Visa Inc. will post $2.79 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Investors of record on Friday, August 19th were issued a $0.14 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $0.56 annualized dividend and a yield of 0.68%. Visa’s dividend payout ratio (DPR) is presently 24.35%.
Several equities research analysts have weighed in on V shares. Jefferies Group reissued a “buy” rating on shares of Visa in a research report on Tuesday, July 5th. Vetr cut shares of Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price target for the company. in a research report on Monday, July 11th. Sanford C. Bernstein reissued an “outperform” rating and set a $97.00 price target on shares of Visa in a research report on Thursday, June 9th. Barclays PLC dropped their price target on shares of Visa from $90.00 to $88.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Finally, Nomura reissued a “buy” rating and set a $91.00 price target on shares of Visa in a research report on Monday, July 25th. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $88.54.
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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