grace capital Takes Position in Visa Inc (V)

grace capital bought a new stake in shares of Visa Inc (NYSE:V) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 23,730 shares of the credit-card processor’s stock, valued at approximately $3,142,000. Visa comprises 1.2% of grace capital’s investment portfolio, making the stock its 23rd largest position.

Several other hedge funds have also added to or reduced their stakes in V. Fort L.P. purchased a new position in Visa in the 2nd quarter worth approximately $120,000. Cascade Investment Advisors Inc. purchased a new position in Visa in the 2nd quarter worth approximately $132,000. Bridgeworth LLC purchased a new position in Visa in the 2nd quarter worth approximately $143,000. Ruggie Capital Group purchased a new position in Visa in the 2nd quarter worth approximately $164,000. Finally, Signature Estate & Investment Advisors LLC raised its holdings in Visa by 36.8% in the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 1,357 shares of the credit-card processor’s stock worth $180,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

In other news, EVP William M. Sheedy sold 99,636 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 296,925 shares of the company’s stock, valued at approximately $41,355,714. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

Shares of V stock opened at $143.93 on Friday. Visa Inc has a 1 year low of $106.60 and a 1 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 firm has a market cap of $286.40 billion, a PE ratio of 31.22, a price-to-earnings-growth ratio of 1.53 and a beta of 1.11.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. Visa had a net margin of 49.98% and a return on equity of 38.00%. The firm had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, sell-side analysts forecast that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The firm also recently disclosed 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 an increase 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 dividend on an annualized basis and a dividend yield of 0.69%. Visa’s payout ratio is presently 18.22%.

A number of equities research analysts have weighed in on V shares. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research note on Tuesday, September 25th. Morgan Stanley boosted their target price on shares of Visa from $142.00 to $165.00 and gave the company a “$140.13” rating in a research note on Thursday, July 19th. JPMorgan Chase & Co. reiterated a “buy” rating and set a $166.00 target price on shares of Visa in a research note on Thursday, October 25th. Royal Bank of Canada boosted their target price on shares of Visa to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. Finally, Raymond James reiterated an “outperform” rating and set a $165.00 target price on shares of Visa in a research note on Tuesday, July 24th. Two analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. Visa presently has a consensus rating of “Buy” and a consensus target price of $155.47.

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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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