James Hambro & Partners trimmed its stake in shares of Visa Inc (NYSE:V) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 258,405 shares of the credit-card processor’s stock after selling 1,882 shares during the quarter. Visa accounts for 13.5% of James Hambro & Partners’ portfolio, making the stock its 2nd largest holding. James Hambro & Partners’ holdings in Visa were worth $38,775,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Windsor Group LTD raised its position in shares of Visa by 7.8% during the 3rd quarter. Windsor Group LTD now owns 4,849 shares of the credit-card processor’s stock valued at $728,000 after acquiring an additional 350 shares during the last quarter. Bedel Financial Consulting Inc. boosted its stake in Visa by 24.2% in the 2nd quarter. Bedel Financial Consulting Inc. now owns 1,825 shares of the credit-card processor’s stock worth $242,000 after purchasing an additional 356 shares during the period. Townsend & Associates Inc boosted its stake in Visa by 6.1% in the 2nd quarter. Townsend & Associates Inc now owns 6,244 shares of the credit-card processor’s stock worth $827,000 after purchasing an additional 361 shares during the period. LLBH Private Wealth Management LLC boosted its stake in Visa by 14.7% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 2,821 shares of the credit-card processor’s stock worth $374,000 after purchasing an additional 362 shares during the period. Finally, Signature Estate & Investment Advisors LLC boosted its stake in shares of Visa by 36.8% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after buying an additional 365 shares during the last quarter. 80.63% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on V shares. Bank of America raised their target price on shares of Visa from $155.00 to $163.00 and gave the company a “buy” rating in a research note on Monday, August 13th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 price target on the stock in a report on Tuesday, September 25th. Goldman Sachs Group cut shares of Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 target price on the stock. in a report on Monday, September 17th. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $166.00 target price on shares of Visa in a report on Thursday, October 25th. Finally, Credit Suisse Group increased their price target on shares of Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research report on Monday, October 8th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $156.09.
V stock opened at $141.05 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.58. Visa Inc has a twelve month low of $109.45 and a twelve month high of $151.56. The firm has a market cap of $279.64 billion, a price-to-earnings ratio of 30.60, a PEG ratio of 1.51 and a beta of 1.11.
Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The business had revenue of $5.43 billion for the quarter, compared to analysts’ expectations of $5.44 billion. As a group, analysts anticipate that Visa Inc will post 5.33 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were given a dividend of $0.25 per share. This is a boost from Visa’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. Visa’s payout ratio is 21.69%.
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Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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