Bbva Compass Bancshares Inc. Has $15.72 Million Holdings in Visa Inc. (V)
Bbva Compass Bancshares Inc. lowered its stake in shares of Visa Inc. (NYSE:V) by 2.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 167,655 shares of the credit-card processor’s stock after selling 4,934 shares during the period. Visa accounts for approximately 1.0% of Bbva Compass Bancshares Inc.’s portfolio, making the stock its 19th largest holding. Bbva Compass Bancshares Inc.’s holdings in Visa were worth $15,722,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of V. Parkside Financial Bank & Trust increased its position in shares of Visa by 2.6% during the second quarter. Parkside Financial Bank & Trust now owns 8,107 shares of the credit-card processor’s stock valued at $760,000 after buying an additional 208 shares during the period. Eagle Global Advisors LLC lifted its holdings in shares of Visa by 38.4% in the second quarter. Eagle Global Advisors LLC now owns 3,803 shares of the credit-card processor’s stock worth $357,000 after buying an additional 1,055 shares in the last quarter. Alpha Cubed Investments LLC lifted its holdings in shares of Visa by 31.0% in the second quarter. Alpha Cubed Investments LLC now owns 25,444 shares of the credit-card processor’s stock worth $2,386,000 after buying an additional 6,015 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Visa by 3.9% in the second quarter. Janney Montgomery Scott LLC now owns 347,060 shares of the credit-card processor’s stock worth $32,547,000 after buying an additional 13,169 shares in the last quarter. Finally, Schnieders Capital Management LLC lifted its holdings in shares of Visa by 1.8% in the second quarter. Schnieders Capital Management LLC now owns 19,615 shares of the credit-card processor’s stock worth $1,839,000 after buying an additional 352 shares in the last quarter. Hedge funds and other institutional investors own 81.69% of the company’s stock.
Several brokerages recently commented on V. Oppenheimer Holdings, Inc. boosted their price objective on shares of Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. BidaskClub upgraded shares of Visa from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Deutsche Bank AG raised their price target on shares of Visa from $124.00 to $150.00 and gave the company a “buy” rating in a report on Monday, July 10th. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $100.12 price target for the company in a research report on Tuesday, June 27th. Finally, Mizuho began coverage on shares of Visa in a research report on Tuesday, June 27th. They set a “buy” rating and a $115.00 price target for the company. Three research analysts have rated the stock with a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $108.76.
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Visa Inc. (NYSE V) opened at 105.44 on Tuesday. The company has a market capitalization of $241.08 billion, a P/E ratio of 39.21 and a beta of 0.94. The company has a 50-day moving average of $104.12 and a 200-day moving average of $96.53. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $106.84.
Visa (NYSE:V) last issued its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The business had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company’s revenue for the quarter was up 25.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 EPS. Equities analysts expect that Visa Inc. will post $3.43 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.
In related news, Director Mary B. Cranston sold 10,400 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total value of $1,074,528.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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