Visa Inc (NYSE:V) Shares Bought by World Asset Management Inc

World Asset Management Inc boosted its stake in shares of Visa Inc (NYSE:V) by 1.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 120,038 shares of the credit-card processor’s stock after acquiring an additional 1,563 shares during the period. Visa comprises about 1.0% of World Asset Management Inc’s holdings, making the stock its 11th biggest holding. World Asset Management Inc’s holdings in Visa were worth $20,833,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Mountain Pacific Investment Advisers Inc. ID grew its holdings in shares of Visa by 20.0% in the second quarter. Mountain Pacific Investment Advisers Inc. ID now owns 4,560 shares of the credit-card processor’s stock valued at $791,000 after purchasing an additional 760 shares during the period. Atlantic Union Bankshares Corp grew its holdings in shares of Visa by 19.5% in the second quarter. Atlantic Union Bankshares Corp now owns 8,871 shares of the credit-card processor’s stock valued at $1,539,000 after purchasing an additional 1,448 shares during the period. Huntington National Bank grew its holdings in shares of Visa by 0.8% in the second quarter. Huntington National Bank now owns 445,181 shares of the credit-card processor’s stock valued at $77,261,000 after purchasing an additional 3,391 shares during the period. Biegel & Waller LLC grew its holdings in shares of Visa by 5.7% in the second quarter. Biegel & Waller LLC now owns 1,676 shares of the credit-card processor’s stock valued at $291,000 after purchasing an additional 91 shares during the period. Finally, WBI Investments Inc. grew its holdings in shares of Visa by 124.8% in the second quarter. WBI Investments Inc. now owns 15,268 shares of the credit-card processor’s stock valued at $2,650,000 after purchasing an additional 8,475 shares during the period. Institutional investors own 81.16% of the company’s stock.

A number of brokerages recently issued reports on V. Nomura upped their price objective on shares of Visa from $178.00 to $204.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Saturday, June 15th. Robert W. Baird set a $196.00 price objective on shares of Visa and gave the company a “buy” rating in a report on Friday, July 19th. JPMorgan Chase & Co. upped their price objective on shares of Visa from $166.00 to $182.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on shares of Visa from $190.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $195.29.

In other news, Director Lloyd Carney sold 3,500 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $182.73, for a total transaction of $639,555.00. Following the sale, the director now owns 3,452 shares of the company’s stock, valued at $630,783.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.17% of the stock is currently owned by corporate insiders.

NYSE V traded down $2.54 during trading hours on Wednesday, reaching $178.99. The company had a trading volume of 5,485,414 shares, compared to its average volume of 5,444,835. The firm has a 50-day moving average price of $176.26. Visa Inc has a 1-year low of $121.60 and a 1-year high of $184.07. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.62. The company has a market capitalization of $366.66 billion, a PE ratio of 38.83, a P/E/G ratio of 2.07 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to analysts’ expectations of $5.70 billion. Visa had a net margin of 53.43% and a return on equity of 41.04%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. As a group, research analysts forecast that Visa Inc will post 5.4 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. Visa’s dividend payout ratio is presently 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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