Stephens Inc. AR Grows Stock Position in Visa Inc. (NYSE:V)

Stephens Inc. AR boosted its stake in shares of Visa Inc. (NYSE:V) by 2.1% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 139,059 shares of the credit-card processor’s stock after buying an additional 2,813 shares during the quarter. Stephens Inc. AR’s holdings in Visa were worth $32,515,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Danda Trouve Investment Management Inc. purchased a new position in shares of Visa during the second quarter valued at $25,000. Baldrige Asset Management LLC bought a new stake in Visa during the second quarter valued at about $40,000. FFT Wealth Management LLC bought a new stake in Visa during the second quarter valued at about $46,000. Financial Management Professionals Inc. boosted its position in Visa by 38.9% during the second quarter. Financial Management Professionals Inc. now owns 207 shares of the credit-card processor’s stock valued at $48,000 after purchasing an additional 58 shares in the last quarter. Finally, Harvest Group Wealth Management LLC bought a new stake in Visa during the second quarter valued at about $50,000. Institutional investors own 81.04% of the company’s stock.

V has been the subject of a number of research reports. Robert W. Baird lifted their target price on Visa from $282.00 to $305.00 and gave the stock an “outperform” rating in a report on Thursday, July 15th. Susquehanna Bancshares lifted their target price on Visa from $265.00 to $290.00 and gave the stock a “positive” rating in a report on Wednesday, July 28th. Oppenheimer lifted their price target on Visa from $260.00 to $281.00 and gave the company an “outperform” rating in a research report on Friday, July 9th. Citigroup lifted their price target on Visa from $283.00 to $288.00 and gave the company a “buy” rating in a research report on Wednesday, July 28th. Finally, Daiwa Capital Markets cut Visa from an “outperform” rating to a “neutral” rating and set a $250.00 price target for the company. in a research report on Thursday, August 12th. One investment analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $271.52.

NYSE V traded down $3.53 on Tuesday, reaching $226.07. 150,574 shares of the company were exchanged, compared to its average volume of 8,203,271. Visa Inc. has a fifty-two week low of $179.23 and a fifty-two week high of $252.67. The business’s fifty day moving average price is $233.32 and its 200 day moving average price is $229.93. The stock has a market capitalization of $440.38 billion, a P/E ratio of 46.38, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 27th. The credit-card processor reported $1.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.16. Visa had a return on equity of 35.45% and a net margin of 47.97%. The business had revenue of $6.13 billion for the quarter, compared to analyst estimates of $5.86 billion. During the same quarter in the prior year, the company posted $1.07 EPS. The company’s quarterly revenue was up 26.7% on a year-over-year basis. Equities research analysts forecast that Visa Inc. will post 5.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 1st. Investors of record on Friday, August 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, August 12th. This represents a $1.28 annualized dividend and a dividend yield of 0.57%. Visa’s dividend payout ratio is presently 25.40%.

In other Visa news, insider Rajat Taneja sold 42,336 shares of the company’s stock in a transaction dated Tuesday, July 6th. The stock was sold at an average price of $240.00, for a total transaction of $10,160,640.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction dated Wednesday, June 30th. The stock was sold at an average price of $235.11, for a total value of $2,115,990.00. The disclosure for this sale can be found here. Insiders sold a total of 84,813 shares of company stock worth $20,342,613 in the last quarter. Company insiders own 0.19% of the company’s stock.

Visa Profile

Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit card, credit card, prepaid products, commercial payment solutions, and global ATM.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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