PFG Advisors Has $3.76 Million Stake in Visa Inc (NYSE:V)

PFG Advisors boosted its stake in Visa Inc (NYSE:V) by 2.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,491 shares of the credit-card processor’s stock after buying an additional 567 shares during the quarter. Visa makes up about 1.0% of PFG Advisors’ investment portfolio, making the stock its 20th largest position. PFG Advisors’ holdings in Visa were worth $3,764,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hamel Associates Inc. acquired a new position in Visa in the second quarter worth $233,000. Homrich & Berg boosted its stake in Visa by 1.8% in the second quarter. Homrich & Berg now owns 16,259 shares of the credit-card processor’s stock worth $2,822,000 after purchasing an additional 292 shares in the last quarter. Pegasus Asset Management Inc. boosted its stake in Visa by 19.1% in the second quarter. Pegasus Asset Management Inc. now owns 1,816 shares of the credit-card processor’s stock worth $315,000 after purchasing an additional 291 shares in the last quarter. Pathway Financial Advisors LLC acquired a new position in Visa in the second quarter worth $206,000. Finally, Heritage Wealth Advisors boosted its stake in Visa by 33.8% in the second quarter. Heritage Wealth Advisors now owns 13,303 shares of the credit-card processor’s stock worth $2,309,000 after purchasing an additional 3,360 shares in the last quarter. 81.34% of the stock is currently owned by institutional investors and hedge funds.

NYSE:V traded down $1.24 on Thursday, reaching $179.70. The company’s stock had a trading volume of 115,115 shares, compared to its average volume of 7,556,845. 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 quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $356.59 billion, a PE ratio of 39.30, a PEG ratio of 2.01 and a beta of 0.96. The business’s 50-day moving average price is $178.84 and its two-hundred day moving average price is $163.18.

Visa (NYSE:V) last posted its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $5.70 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. The company’s revenue was up 11.5% on a year-over-year basis. As a group, sell-side analysts expect that Visa Inc will post 5.4 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 16th will be paid a $0.25 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.00 dividend on an annualized basis and a yield of 0.56%. Visa’s payout ratio is 21.69%.

A number of equities research analysts recently commented on V shares. KeyCorp upped their price objective on Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, July 24th. Barclays upped their price objective on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Cantor Fitzgerald reiterated a “buy” rating and issued a $181.00 price objective on shares of Visa in a report on Sunday, April 28th. Credit Suisse Group upped their price objective on Visa from $200.00 to $203.00 and gave the company an “outperform” rating in a report on Wednesday, July 24th. Finally, Jefferies Financial Group upped their price objective on 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 stock. The company presently has a consensus rating of “Buy” and a consensus price target of $195.46.

In other news, Director Denise M. Morrison acquired 1,000 shares of Visa stock in a transaction dated Tuesday, August 6th. The stock was bought at an average cost of $171.13 per share, with a total value of $171,130.00. Following the completion of the transaction, the director now directly owns 3,223 shares of the company’s stock, valued at $551,551.99. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $182.73, for a total value of $639,555.00. Following the transaction, the director now directly owns 3,452 shares of the company’s stock, valued at $630,783.96. The disclosure for this sale can be found here. 0.17% of the stock is currently owned by insiders.

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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