Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of Visa Inc. (NYSE:V) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 648,131 shares of the credit-card processor’s stock after purchasing an additional 20,302 shares during the period. Visa comprises about 1.3% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings, making the stock its 27th largest position. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Visa were worth $64,527,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of V. Penserra Capital Management LLC increased its position in Visa by 87.3% in the 2nd quarter. Penserra Capital Management LLC now owns 4,960 shares of the credit-card processor’s stock valued at $465,000 after acquiring an additional 2,312 shares during the period. Intrust Bank NA increased its position in Visa by 0.7% in the 2nd quarter. Intrust Bank NA now owns 25,202 shares of the credit-card processor’s stock valued at $2,363,000 after acquiring an additional 179 shares during the period. GHP Investment Advisors Inc. increased its position in Visa by 13.4% in the 2nd quarter. GHP Investment Advisors Inc. now owns 13,357 shares of the credit-card processor’s stock valued at $1,253,000 after acquiring an additional 1,583 shares during the period. Great Lakes Advisors LLC increased its position in Visa by 0.7% in the 2nd quarter. Great Lakes Advisors LLC now owns 44,041 shares of the credit-card processor’s stock valued at $4,130,000 after acquiring an additional 315 shares during the period. Finally, Usca Ria LLC increased its position in Visa by 20.2% in the 2nd quarter. Usca Ria LLC now owns 36,960 shares of the credit-card processor’s stock valued at $3,466,000 after acquiring an additional 6,207 shares during the period. Institutional investors and hedge funds own 81.77% of the company’s stock.

Shares of Visa Inc. (NYSE V) opened at $111.88 on Friday. The company has a market capitalization of $232,802.64, a price-to-earnings ratio of 32.22, a PEG ratio of 1.64 and a beta of 0.97. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. Visa Inc. has a twelve month low of $75.17 and a twelve month high of $112.90.

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

The company also recently disclosed 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 represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. This is an increase from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s dividend payout ratio is presently 23.57%.

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

V has been the topic of a number of analyst reports. Oppenheimer Holdings, Inc. lifted their price objective on Visa from $100.00 to $106.00 in a report on Tuesday, July 18th. Citigroup Inc. reaffirmed a “buy” rating and issued a $115.00 price objective (up previously from $100.00) on shares of Visa in a report on Monday, July 24th. Bank of America Corporation lifted their price objective on Visa from $103.00 to $111.00 and gave the company a “buy” rating in a report on Friday, July 21st. Nomura lifted their price objective on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Finally, Instinet lifted their price objective on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, July 21st. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and a consensus price target of $116.08.

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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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Institutional Ownership by Quarter for Visa (NYSE:V)

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