Visa Inc. (V) Position Held by Gemmer Asset Management LLC
Gemmer Asset Management LLC held its stake in Visa Inc. (NYSE:V) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,500 shares of the credit-card processor’s stock at the close of the second quarter. Gemmer Asset Management LLC’s holdings in Visa were worth $141,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of V. Mercer Capital Advisers Inc. raised its position in Visa by 2.2% in the 1st quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares during the last quarter. SpiderRock Advisors LLC raised its position in Visa by 107.1% in the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after buying an additional 19,709 shares during the last quarter. Advantage Investment Management LLC raised its position in Visa by 27.4% in the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after buying an additional 314 shares during the last quarter. Delta Asset Management LLC TN raised its position in Visa by 2.5% in the 1st quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares during the last quarter. Finally, State of Alaska Department of Revenue purchased a new position in Visa in the 1st quarter worth about $153,000. 81.68% of the stock is owned by institutional investors and hedge funds.
In other news, EVP Tullier Kelly Mahon sold 29,772 shares of Visa 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 sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of Visa 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 disclosure for this sale can be found here. Insiders own 0.14% of the company’s stock.
Visa Inc. (NYSE V) traded up 0.63% on Friday, hitting $105.24. The stock had a trading volume of 7,676,288 shares. The company has a 50-day moving average of $103.15 and a 200 day moving average of $95.55. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $106.84. The company has a market cap of $240.62 billion, a PE ratio of 39.14 and a beta of 0.94.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The business’s revenue was up 25.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 earnings per share. On average, analysts predict that Visa Inc. will post $3.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th were paid a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend was Wednesday, August 16th. Visa’s dividend payout ratio is presently 24.54%.
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A number of brokerages have weighed in on V. Cantor Fitzgerald began coverage on Visa in a research report on Thursday. They issued an “overweight” rating and a $120.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and set a $122.00 price target on shares of Visa in a research report on Tuesday, September 26th. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 price target for the company in a research report on Tuesday, September 26th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $124.00 price target on shares of Visa in a research report on Friday, September 22nd. Finally, Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Tuesday, September 19th. Three research 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. Visa has an average rating of “Buy” and an average price target of $107.88.
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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