Stieven Capital Advisors L.P. Takes $10.67 Million Position in Visa Inc (NYSE:V)

Stieven Capital Advisors L.P. purchased a new stake in shares of Visa Inc (NYSE:V) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 61,500 shares of the credit-card processor’s stock, valued at approximately $10,673,000. Visa makes up about 1.9% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors have also added to or reduced their stakes in V. Berkeley Capital Partners LLC grew its position in Visa by 1.5% in the 2nd quarter. Berkeley Capital Partners LLC now owns 3,939 shares of the credit-card processor’s stock worth $684,000 after purchasing an additional 57 shares during the last quarter. Enterprise Financial Services Corp grew its position in Visa by 0.8% in the 2nd quarter. Enterprise Financial Services Corp now owns 7,649 shares of the credit-card processor’s stock worth $1,328,000 after purchasing an additional 59 shares during the last quarter. Radnor Capital Management LLC grew its position in Visa by 0.8% in the 2nd quarter. Radnor Capital Management LLC now owns 8,060 shares of the credit-card processor’s stock worth $1,399,000 after purchasing an additional 60 shares during the last quarter. Peninsula Wealth LLC grew its position in Visa by 0.8% in the 2nd quarter. Peninsula Wealth LLC now owns 7,608 shares of the credit-card processor’s stock worth $1,319,000 after purchasing an additional 61 shares during the last quarter. Finally, Glassman Wealth Services grew its position in Visa by 2.2% in the 2nd quarter. Glassman Wealth Services now owns 3,024 shares of the credit-card processor’s stock worth $525,000 after purchasing an additional 64 shares during the last quarter. Institutional investors and hedge funds own 81.34% of the company’s stock.

In other Visa news, Director Denise M. Morrison purchased 1,000 shares of the stock in a transaction dated Tuesday, August 6th. The stock was bought at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the transaction, the director now directly owns 3,223 shares in the company, valued at $551,551.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction that occurred on Friday, July 26th. The stock was 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 approximately $630,783.96. The disclosure for this sale can be found here. Company insiders own 0.17% of the company’s stock.

V stock traded down $0.75 during trading on Thursday, hitting $180.19. 2,907,235 shares of the stock traded hands, compared to its average volume of 7,556,845. Visa Inc has a one year low of $121.60 and a one year high of $184.07. The stock has a market cap of $356.59 billion, a price-to-earnings ratio of 39.09, a P/E/G ratio of 2.01 and a beta of 0.96. The company has a 50 day simple moving average of $178.84 and a 200 day simple moving average of $163.18. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.57.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.04. Visa had a net margin of 53.43% and a return on equity of 41.04%. The firm had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $5.70 billion. During the same period last year, the firm posted $1.20 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. As a group, analysts predict that Visa Inc will post 5.4 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 16th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.55%. The ex-dividend date is Thursday, August 15th. Visa’s dividend payout ratio is currently 21.69%.

Several analysts have issued reports on V shares. BMO Capital Markets raised their price target on shares of Visa to $214.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Nomura raised their price target on shares of Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Raymond James lifted their target price on shares of Visa from $177.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, July 24th. Wedbush reiterated an “outperform” rating on shares of Visa in a research report on Wednesday, July 3rd. Finally, Piper Jaffray Companies set a $207.00 target price on shares of Visa and gave the company a “buy” rating in a research report on Wednesday, July 24th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Visa has an average rating of “Buy” and an average target price of $195.46.

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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