NTV Asset Management LLC lowered its holdings in Visa Inc. (NYSE:V) by 3.2% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,942 shares of the credit-card processor’s stock after selling 850 shares during the period. NTV Asset Management LLC’s holdings in Visa were worth $2,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of V. State Street Corp raised its holdings in shares of Visa by 0.9% during the first quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after buying an additional 722,878 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Visa by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock valued at $1,625,097,000 after buying an additional 73,926 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Visa by 3.0% during the second quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock valued at $1,464,483,000 after buying an additional 452,183 shares during the last quarter. MUFG Securities EMEA plc raised its holdings in shares of Visa by 7.0% during the first quarter. MUFG Securities EMEA plc now owns 11,768,474 shares of the credit-card processor’s stock valued at $1,045,864,000 after buying an additional 775,000 shares during the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Visa by 41.4% during the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after buying an additional 2,677,533 shares during the last quarter. 82.46% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

V has been the topic of a number of recent analyst reports. Jefferies Group LLC lifted their price target on Visa from $104.00 to $112.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Oppenheimer Holdings, Inc. lifted their price target on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Loop Capital lifted their price target on Visa from $101.00 to $111.00 and gave the company a “buy” rating in a report on Friday, July 21st. They noted that the move was a valuation call. Instinet lifted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Nomura lifted their price target on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $116.08.

Visa Inc. (NYSE V) opened at $111.98 on Wednesday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90. Visa Inc. has a fifty-two week low of $75.17 and a fifty-two week high of $112.90. The company has a market cap of $255,870.00, a price-to-earnings ratio of 32.15, a PEG ratio of 1.64 and a beta of 0.98.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period in the previous year, the company posted $0.78 EPS. Visa’s revenue was up 13.9% on a year-over-year basis. sell-side analysts predict that Visa Inc. will post 4.05 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th will be issued a dividend of $0.195 per share. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s payout ratio is currently 24.54%.

COPYRIGHT VIOLATION WARNING: “NTV Asset Management LLC Sells 850 Shares of Visa Inc. (V)” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/ntv-asset-management-llc-sells-850-shares-of-visa-inc-v/1703834.html.

Visa 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.

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.