Visa Inc (NYSE:V) is Princeton Global Asset Management LLC’s 5th Largest Position

Princeton Global Asset Management LLC raised its stake in shares of Visa Inc (NYSE:V) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,508 shares of the credit-card processor’s stock after buying an additional 706 shares during the quarter. Visa comprises about 2.3% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 5th biggest holding. Princeton Global Asset Management LLC’s holdings in Visa were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Visa by 108.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 620,587 shares of the credit-card processor’s stock worth $107,703,000 after purchasing an additional 323,340 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd purchased a new position in shares of Visa in the second quarter worth $178,205,000. Front Row Advisors LLC raised its stake in shares of Visa by 5.6% in the second quarter. Front Row Advisors LLC now owns 13,189 shares of the credit-card processor’s stock worth $2,289,000 after purchasing an additional 695 shares during the last quarter. Atria Investments LLC raised its stake in shares of Visa by 9.0% in the second quarter. Atria Investments LLC now owns 51,434 shares of the credit-card processor’s stock worth $9,063,000 after purchasing an additional 4,231 shares during the last quarter. Finally, RFG Advisory LLC raised its stake in shares of Visa by 28.7% in the second quarter. RFG Advisory LLC now owns 3,671 shares of the credit-card processor’s stock worth $637,000 after purchasing an additional 819 shares during the last quarter. Institutional investors and hedge funds own 80.99% of the company’s stock.

Shares of NYSE V traded up $0.80 during mid-day trading on Wednesday, reaching $175.28. The company’s stock had a trading volume of 7,818,310 shares, compared to its average volume of 7,638,598. The firm has a market capitalization of $345.32 billion, a PE ratio of 38.02, a P/E/G ratio of 1.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a fifty day moving average of $177.95 and a two-hundred day moving average of $168.76. Visa Inc has a 52 week low of $121.60 and a 52 week high of $187.05.



Visa (NYSE:V) last released its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.20 earnings per share. Analysts anticipate that Visa Inc will post 5.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date was Thursday, August 15th. Visa’s dividend payout ratio (DPR) is 21.69%.

Several research firms have recently weighed in on V. KeyCorp boosted their price target on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. SunTrust Banks boosted their price target on Visa to $205.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Robert W. Baird set a $196.00 price target on Visa and gave the stock a “buy” rating in a research note on Friday, July 19th. Piper Jaffray Companies set a $207.00 price target on Visa and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Finally, Deutsche Bank boosted their price target on Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $196.57.

In related news, Director Lloyd Carney sold 3,500 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the sale, the director now directly owns 3,452 shares in the company, valued at $630,783.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Vasant M. Prabhu sold 25,051 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total value of $4,537,738.14. Following the completion of the sale, the insider now owns 62,223 shares in the company, valued at $11,271,074.22. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Visa Company Profile

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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