Tower Research Capital LLC TRC Has $12.20 Million Stake in Visa Inc (V)

Tower Research Capital LLC TRC lifted its holdings in shares of Visa Inc (NYSE:V) by 3,584.1% in the second quarter, according to its most recent filing with the SEC. The firm owned 92,102 shares of the credit-card processor’s stock after acquiring an additional 89,602 shares during the period. Visa makes up about 0.7% of Tower Research Capital LLC TRC’s investment portfolio, making the stock its 15th biggest position. Tower Research Capital LLC TRC’s holdings in Visa were worth $12,199,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Lee Financial Group Hawaii Inc. lifted its holdings in Visa by 1.6% during the 2nd quarter. Lee Financial Group Hawaii Inc. now owns 24,147 shares of the credit-card processor’s stock valued at $3,198,000 after purchasing an additional 388 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in Visa by 2.2% during the 2nd quarter. Baird Financial Group Inc. now owns 944,191 shares of the credit-card processor’s stock valued at $125,058,000 after purchasing an additional 20,084 shares during the last quarter. Wealthstreet Investment Advisors LLC lifted its holdings in Visa by 2.1% during the 2nd quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock valued at $19,244,000 after purchasing an additional 2,930 shares during the last quarter. Stifel Financial Corp raised its stake in shares of Visa by 2.6% in the first quarter. Stifel Financial Corp now owns 1,866,738 shares of the credit-card processor’s stock worth $223,368,000 after acquiring an additional 47,939 shares during the last quarter. Finally, Credit Agricole S A raised its stake in shares of Visa by 0.8% in the second quarter. Credit Agricole S A now owns 169,611 shares of the credit-card processor’s stock worth $22,465,000 after acquiring an additional 1,312 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

V has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on shares of Visa from $142.00 to $165.00 and gave the stock a “$140.13” rating in a research note on Thursday, July 19th. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $153.00 target price for the company in a research note on Tuesday, July 31st. SunTrust Banks boosted their target price on shares of Visa to $170.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. They noted that the move was a valuation call. Loop Capital boosted their target price on shares of Visa to $157.00 and gave the stock a “buy” rating in a research note on Thursday, July 26th. They noted that the move was a valuation call. Finally, Bank of America boosted their target price on shares of Visa from $146.00 to $155.00 and gave the stock a “buy” rating in a research note on Tuesday, July 17th. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $155.47.

Shares of NYSE:V opened at $144.78 on Thursday. Visa Inc has a one year low of $106.60 and a one year high of $151.56. The company has a quick ratio of 1.69, a current ratio of 1.61 and a debt-to-equity ratio of 0.58. The company has a market cap of $284.35 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.11.

Visa (NYSE:V) last issued its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 EPS for the quarter, topping the 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 company had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. As a group, equities research analysts forecast that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 4th. Stockholders of record on Friday, November 16th will be 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 is Thursday, November 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.69%. Visa’s payout ratio is currently 18.22%.

In related news, EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total transaction of $13,877,302.08. Following the completion of the transaction, the executive vice president now owns 296,925 shares in the company, valued at $41,355,714. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.

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About Visa

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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