Visa Inc. (V) Shares Bought by Ray Gerald L & Associates Ltd.
Ray Gerald L & Associates Ltd. lifted its position in Visa Inc. (NYSE:V) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 136,989 shares of the credit-card processor’s stock after acquiring an additional 862 shares during the period. Visa makes up approximately 1.7% of Ray Gerald L & Associates Ltd.’s holdings, making the stock its 8th biggest holding. Ray Gerald L & Associates Ltd.’s holdings in Visa were worth $12,847,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Clearbridge Investments LLC raised its holdings in Visa by 41.4% during the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the period. Harbour Capital Advisors LLC raised its holdings in Visa by 10,570.6% during the 2nd quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock worth $17,047,000 after buying an additional 1,583,686 shares during the period. Swiss National Bank raised its holdings in Visa by 23.2% during the 1st 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 period. Akre Capital Management LLC raised its holdings in Visa by 35.0% during the 1st quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after buying an additional 1,267,080 shares during the period. Finally, Karp Capital Management Corp raised its holdings in Visa by 3,256.5% during the 1st quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after buying an additional 941,581 shares during the period. Institutional investors and hedge funds own 82.46% of the company’s stock.
Several brokerages have commented on V. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a report on Thursday, November 2nd. Jefferies Group LLC raised their target price on shares of Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a report on Monday, October 30th. Buckingham Research raised their target price on shares of Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Nomura raised their target price on shares of Visa from $120.00 to $126.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Finally, Barclays PLC raised their target price on shares of Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Visa presently has an average rating of “Buy” and an average target price of $116.08.
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Shares of Visa Inc. (V) opened at $111.02 on Friday. Visa Inc. has a twelve month low of $75.17 and a twelve month high of $112.90. The company has a current ratio of 1.90, a quick ratio of 1.65 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $253,880.00, a price-to-earnings ratio of 32.18, a PEG ratio of 1.64 and a beta of 0.98.
Visa (NYSE:V) last posted its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the firm earned $0.78 earnings per share. The company’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 fiscal year.
The company also recently announced 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. The ex-dividend date is Thursday, November 16th. 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. Visa’s dividend payout ratio (DPR) is currently 24.54%.
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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