Rikoon Group LLC Sells 185 Shares of Visa Inc (V)
Rikoon Group LLC trimmed its holdings in Visa Inc (NYSE:V) by 2.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,892 shares of the credit-card processor’s stock after selling 185 shares during the period. Rikoon Group LLC’s holdings in Visa were worth $740,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of V. Aspen Investment Management Inc lifted its stake in shares of Visa by 0.4% in the first quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock worth $824,000 after buying an additional 40 shares during the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in shares of Visa by 1.3% in the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,620 shares of the credit-card processor’s stock worth $677,000 after buying an additional 95 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Visa by 5.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,337 shares of the credit-card processor’s stock worth $1,541,000 after buying an additional 874 shares during the last quarter. Crawford Investment Counsel Inc. lifted its stake in shares of Visa by 6.7% in the first quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock worth $11,198,000 after buying an additional 7,893 shares during the last quarter. Finally, Swiss National Bank lifted its stake in shares of Visa by 23.2% in the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after buying an additional 1,388,200 shares during the last quarter. 81.91% of the stock is owned by institutional investors.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.
V has been the subject of a number of analyst reports. Vetr cut shares of Visa from a “hold” rating to a “sell” rating and set a $100.88 price objective for the company. in a research note on Tuesday, August 22nd. Robert W. Baird restated a “buy” rating on shares of Visa in a research note on Thursday, August 24th. UBS restated an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. KeyCorp restated a “buy” rating and issued a $110.00 price objective on shares of Visa in a research note on Friday, August 25th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Visa in a research note on Tuesday, September 12th. Two 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 company’s stock. The stock presently has an average rating of “Buy” and an average price target of $117.23.
Shares of Visa Inc (NYSE V) traded down $0.15 during mid-day trading on Thursday, hitting $113.31. 8,088,900 shares of the stock were exchanged, compared to its average volume of 7,665,831. Visa Inc has a 52 week low of $77.19 and a 52 week high of $114.37. The firm has a market cap of $235,048.41, a PE ratio of 32.60, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company posted $0.78 EPS. The business’s revenue was up 13.9% on a year-over-year basis. research analysts forecast that Visa Inc will post 4.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were paid a $0.195 dividend. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s dividend payout ratio is currently 27.86%.
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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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