Sage Rhino Capital LLC boosted its position in Visa Inc (NYSE:V) by 3.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,533 shares of the credit-card processor’s stock after buying an additional 91 shares during the quarter. Sage Rhino Capital LLC’s holdings in Visa were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Berkeley Capital Partners LLC boosted its stake in Visa by 1.5% during the second quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock valued at $684,000 after buying an additional 57 shares during the period. Enterprise Financial Services Corp boosted its stake in Visa by 0.8% during the second quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock valued at $1,328,000 after buying an additional 59 shares during the period. Radnor Capital Management LLC boosted its stake in Visa by 0.8% during the second quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock valued at $1,399,000 after buying an additional 60 shares during the period. Peninsula Wealth LLC boosted its stake in Visa by 0.8% during the second quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock valued at $1,319,000 after buying an additional 61 shares during the period. Finally, Glassman Wealth Services boosted its stake in Visa by 2.2% during the second quarter. Glassman Wealth Services now owns 3,024 shares of the credit-card processor’s stock valued at $525,000 after buying an additional 64 shares during the period. 80.99% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on V shares. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Saturday, June 15th. Guggenheim lifted their price objective on Visa from $178.00 to $190.00 and gave the company a “positive” rating in a research note on Wednesday, July 24th. Raymond James lifted their price objective on Visa from $177.00 to $193.00 and gave the company an “outperform” rating in a research note on Wednesday, July 24th. Jefferies Financial Group lifted their price objective on Visa from $190.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Finally, SunTrust Banks lifted their price objective on Visa to $205.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Three equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Visa currently has a consensus rating of “Buy” and an average target price of $196.57.
V stock traded down $0.99 during mid-day trading on Monday, hitting $173.01. 757,933 shares of the stock were exchanged, compared to its average volume of 7,510,223. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day moving average price of $178.12 and a 200 day moving average price of $169.17. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05. The stock has a market capitalization of $348.47 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.08 and a beta of 0.97.
Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same quarter in the previous year, the company posted $1.20 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, August 15th. Visa’s dividend payout ratio (DPR) is currently 21.69%.
In other news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the transaction, the director now owns 3,452 shares in the company, valued at $630,783.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Denise M. Morrison acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the acquisition, the director now owns 3,223 shares of the company’s stock, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.
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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