Riversedge Advisors LLC owns $327,000 worth of Visa Inc shares. (NYSE:V)

Riversedge Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 5.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,247 shares of the credit card processor’s stock after purchasing an additional 62 shares during the quarter. Riversedge Advisors LLC’s holdings in Visa were worth $327,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of V. Vanguard Group Inc. raised its stake in Visa by 0.6% in the first quarter. Vanguard Group Inc. now owns 142,202,830 shares of the credit card processor’s stock valued at $39,685,966,000 after acquiring an additional 788,908 shares during the period. Capital International Investors boosted its stake in Visa by 2.7% in the first quarter. Capital International Investors now owns 23,570,391 shares of the credit card processor’s stock valued at $6,578,025,000 after purchasing an additional 626,618 shares in the last quarter. Capital World Investors boosted its stake in Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit card processor’s stock worth $5,264,508,000 after purchasing an additional 968,008 shares during the period. Norges Bank acquired a new stake in Visa during the fourth quarter valued at about $3,895,015,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Visa by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,524,329 shares of the credit card processor’s stock worth $2,725,079,000 after purchasing an additional 141,566 shares in the last quarter. Institutional investors own 82.15% of the company’s shares.

The Wall Street analyst weighs in

A number of equities analysts recently issued reports on shares of V. StockNews.com upgraded shares of Visa from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. Macquarie reissued an “outperform” rating and set a $300.00 target price on shares of Visa in a research report on Wednesday, July 24th. Morgan Stanley cut their price target on Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. Jefferies Financial Group cut their price target on Visa from $325.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Citigroup decreased their price objective on Visa from $321.00 to $319.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. Six analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Moderate Buy” and an average price target of $308.50, according to MarketBeat.

Check out our latest research report on V

Visa trading down 0.6%

Shares of V opened at $269.19 on Thursday. The company’s fifty-day moving average is $265.81, and its 200-day moving average is $273.14. The firm has a market cap of $490.55 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.89 and a beta of 0.95. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.37, and a current ratio of 1.37. Visa Inc. it has a 52-week low of $227.78 and a 52-week high of $290.96.

Visa (NYSE:V – Get Your Free Report ) last posted its quarterly earnings data on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.42. The business had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.92 billion. Visa had a net margin of 54.72% and a return on equity of 51.94%. The company’s quarterly revenue was up 9.6% year over year. In the same quarter last year, the business earned $2.16 EPS. Equity analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, August 9. This represents an annualized dividend of $2.08 and a dividend yield of 0.77%. Visa’s payout rate is 23.24%.

About Visa

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables the authorization, clearing and settlement of payment transactions. It also offers credit, debit and prepaid card products; Tap to pay, tokenization and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border payment solution for consumers; and Visa DPS, which offers a range of value-added services including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions and contact center services.

Further reading

Want to see what other hedge funds own V? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Visa Inc. (NYSE:V – Free Report).

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