The position of Visa Inc. (NYSE:V) was raised by Signaturefd LLC

Signaturefd LLC raised its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,940 shares of the credit card processor’s stock after acquiring an additional 800 shares during the period. Signaturefd LLC’s holdings in Visa were worth $10,483,000 as of its most recent SEC filing.

A number of other institutional investors have recently added to or reduced their stakes in V. Vanguard Group Inc. raised its holdings 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 worth $39,685,966,000 after buying an additional 788,908 shares in the last quarter. 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 worth $6,578,025,000 after buying an additional 626,618 shares in the last quarter. Capital World Investors boosted its holdings in shares of Visa by 5.4% in the first quarter. Capital World Investors now owns 18,863,796 shares of the credit card processor’s stock valued at $5,264,508,000 after purchasing an additional 968,008 shares during the period. Norges Bank bought a new position in Visa during the fourth quarter valued at about $3,895,015,000. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 acquiring an additional 141,566 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s shares.

Changes in Analyst Ratings

Several research firms recently weighed in on V. Royal Bank of Canada cut their price objective on shares of Visa from $315.00 to $311.00 and set an “outperform” rating for the company in a report of Wednesday, July 24 research. Morgan Stanley cut their price target on shares of Visa from $326.00 to $322.00 and set an “overweight” rating for the company in a report on Wednesday, July 24th. JPMorgan Chase & Co. lifted their target price on shares of Visa from $290.00 to $320.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. TD Cowen cut their price target on Visa from $320.00 to $318.00 and set a “buy” rating for the company in a research report on Wednesday, July 24th. Finally, Evercore ISI reduced their price objective on Visa from $335.00 to $330.00 and set an “outperform” rating on the stock in a report on Tuesday, June 25th. Six research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Moderate Buy” and an average target price of $308.50, according to MarketBeat .

See our latest research report on V

Visa transaction up 0.7%

Shares of Visa opened at $276.37 on Friday. The company’s fifty-day simple moving average is $265.67, and its 200-day simple moving average is $273.12. The company has a current ratio of 1.37, a quick ratio of 1.37, and a debt-to-equity ratio of 0.54. Visa Inc. has a 1 year low of $227.78 and a 1 year high of $290.96. The company has a market cap of $505.46 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 1.89 and a beta of 0.95.

Visa (NYSE:V – Get Your Free Report ) last announced its quarterly earnings results on Tuesday, July 23rd. The credit card processor reported $2.42 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The firm had revenue of $8.90 billion during the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the firm posted EPS of $2.16. The company’s quarterly revenue was up 9.6% year over year. As a group, sell-side analysts expect that Visa Inc. to post 9.91 EPS for the current year.

Visa announces dividends

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Friday, August 9. This represents a dividend of $2.08 on an annualized basis and a dividend yield of 0.75%. Visa’s payout rate is currently 23.24%.

Visa Company Profile

(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.

See Also

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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