Commerce Bank increased its stake in Visa Inc. (NYSE:V) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 532,954 shares of the credit-card processor’s stock after buying an additional 5,790 shares during the period. Commerce Bank’s holdings in Visa were worth $39,529,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in V. Penserra Capital Management LLC increased its position in Visa by 8.5% in the second quarter. Penserra Capital Management LLC now owns 6,595 shares of the credit-card processor’s stock valued at $489,000 after buying an additional 517 shares during the last quarter. Midwest Investment Management LLC increased its position in Visa by 2.4% in the second quarter. Midwest Investment Management LLC now owns 26,301 shares of the credit-card processor’s stock valued at $1,950,000 after buying an additional 620 shares during the last quarter. Icon Advisers Inc. Co. increased its position in Visa by 6.0% in the second quarter. Icon Advisers Inc. Co. now owns 191,680 shares of the credit-card processor’s stock valued at $14,217,000 after buying an additional 10,900 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Visa by 6.8% in the second quarter. UBS Asset Management Americas Inc. now owns 9,183,728 shares of the credit-card processor’s stock valued at $681,157,000 after buying an additional 586,165 shares during the last quarter. Finally, Bowling Portfolio Management LLC increased its stake in shares of Visa by 7.2% in the second quarter. Bowling Portfolio Management LLC now owns 14,005 shares of the credit-card processor’s stock worth $1,039,000 after buying an additional 939 shares in the last quarter. 80.09% of the stock is owned by institutional investors.

Shares of Visa Inc. (NYSE:V) traded down 0.01% during midday trading on Tuesday, hitting $82.50. The stock had a trading volume of 3,427,622 shares. The stock has a 50-day moving average of $80.87 and a 200 day moving average of $78.12. The stock has a market cap of $194.70 billion, a PE ratio of 35.06 and a beta of 0.91. Visa Inc. has a 52 week low of $66.12 and a 52 week high of $83.63.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The firm earned $3.63 billion during the quarter, compared to analysts’ expectations of $3.67 billion. Visa had a net margin of 38.72% and a return on equity of 22.36%. Analysts anticipate that Visa Inc. will post $2.79 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Friday, August 19th were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Wednesday, August 17th. Visa’s dividend payout ratio is 24.35%.

A number of equities research analysts have recently commented on V shares. Vetr downgraded Visa from a “buy” rating to a “hold” rating and set a $80.66 price objective for the company. in a research report on Monday, May 23rd. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Visa in a research report on Thursday, May 26th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, May 31st. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $97.00 price objective on shares of Visa in a research report on Friday, June 3rd. Finally, JPMorgan Chase & Co. raised Visa from a “not rated” rating to an “overweight” rating and set a $88.00 price objective for the company in a research report on Monday, June 6th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target 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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