Visa Inc (NYSE:V) Position Trimmed by UBS Oconnor LLC

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UBS Oconnor LLC lessened its holdings in shares of Visa Inc (NYSE:V) by 62.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,703 shares of the credit-card processor’s stock after selling 4,415 shares during the quarter. UBS Oconnor LLC’s holdings in Visa were worth $469,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Krane Funds Advisors LLC bought a new stake in shares of Visa in the 2nd quarter valued at approximately $26,000. Lowe Wealth Advisors LLC grew its stake in shares of Visa by 114.7% in the 2nd quarter. Lowe Wealth Advisors LLC now owns 161 shares of the credit-card processor’s stock valued at $28,000 after buying an additional 86 shares in the last quarter. Personal Wealth Partners bought a new stake in shares of Visa in the 2nd quarter valued at approximately $30,000. Essex Investment Management Co. LLC bought a new stake in shares of Visa in the 4th quarter valued at approximately $33,000. Finally, Mcmillion Capital Management Inc. bought a new stake in shares of Visa in the 2nd quarter valued at approximately $38,000. 80.99% of the stock is currently owned by institutional investors.

In other news, insider Vasant M. Prabhu sold 25,051 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the transaction, the insider now directly owns 62,223 shares in the company, valued at $11,271,074.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Denise M. Morrison purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of $171.13 per share, with a total value of $171,130.00. Following the completion of the acquisition, the director now owns 3,223 shares of the company’s stock, valued at $551,551.99. The disclosure for this purchase can be found here. 0.17% of the stock is currently owned by insiders.

Several equities research analysts recently commented on the company. Piper Jaffray Companies set a $207.00 price target on Visa and gave the company a “buy” rating in a research note on Wednesday, July 24th. Barclays boosted their price target on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Deutsche Bank boosted their price target on Visa from $177.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. JPMorgan Chase & Co. boosted their price target on Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Finally, Morgan Stanley boosted their price target on Visa from $175.00 to $191.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $196.57.

V traded down $1.20 on Friday, hitting $174.76. The company had a trading volume of 5,327,021 shares, compared to its average volume of 6,061,826. The company’s fifty day moving average price is $178.33 and its 200 day moving average price is $168.11. Visa Inc has a 1-year low of $121.60 and a 1-year high of $187.05. 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 market cap of $350.06 billion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 1.98 and a beta of 0.97.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. During the same period in the previous year, the company earned $1.20 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc will post 5.4 EPS for the current year.

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

Visa 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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