Visa Inc. (V) Stake Held by Glassman Wealth Services
Glassman Wealth Services held its stake in shares of Visa Inc. (NYSE:V) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,201 shares of the credit-card processor’s stock at the close of the 2nd quarter. Glassman Wealth Services’ holdings in Visa were worth $206,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Visa by 0.9% in the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after purchasing an additional 722,878 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Visa by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after purchasing an additional 73,926 shares in the last quarter. Fisher Asset Management LLC increased its stake in Visa by 3.0% in the 2nd quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock worth $1,464,483,000 after purchasing an additional 452,183 shares in the last quarter. Clearbridge Investments LLC increased its stake in Visa by 41.4% in the 1st quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after purchasing an additional 2,677,533 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in Visa by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 8,894,180 shares of the credit-card processor’s stock worth $834,122,000 after purchasing an additional 156,427 shares in the last quarter. Hedge funds and other institutional investors own 82.09% of the company’s stock.
Shares of Visa Inc. (NYSE:V) traded up $1.15 during trading on Monday, hitting $111.97. The stock had a trading volume of 3,045,700 shares, compared to its average volume of 7,499,927. The firm has a market cap of $232,449.72, a price-to-earnings ratio of 32.18, a price-to-earnings-growth 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 fifty-two week low of $75.17 and a fifty-two week high of $112.90.
Visa (NYSE:V) last announced its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The firm’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. equities research analysts predict that Visa Inc. will post 4.05 EPS for the current year.
The company 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 represents a $0.78 annualized dividend and a dividend yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, November 16th. Visa’s payout ratio is currently 27.86%.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $123.00 price target on the stock in a research note on Thursday, November 2nd. Jefferies Group LLC lifted their price target on Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Buckingham Research lifted their price target on Visa from $129.00 to $130.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Nomura lifted their price target on Visa from $120.00 to $126.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Barclays PLC lifted their price target on Visa from $123.00 to $128.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Three equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $116.08.
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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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