We Are One Seven LLC Buys 1,090 Shares of Visa Inc (NYSE:V)

We Are One Seven LLC increased its stake in Visa Inc (NYSE:V) by 8.4% in the second quarter, Holdings Channel reports. The institutional investor owned 14,029 shares of the credit-card processor’s stock after acquiring an additional 1,090 shares during the period. Visa makes up about 0.8% of We Are One Seven LLC’s investment portfolio, making the stock its 24th biggest holding. We Are One Seven LLC’s holdings in Visa were worth $2,434,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Cornerstone Advisors Inc. lifted its position in Visa by 1.2% in the second quarter. Cornerstone Advisors Inc. now owns 10,296 shares of the credit-card processor’s stock worth $1,787,000 after buying an additional 122 shares during the last quarter. City Holding Co. lifted its position in Visa by 12.1% in the second quarter. City Holding Co. now owns 16,490 shares of the credit-card processor’s stock worth $2,862,000 after buying an additional 1,784 shares during the last quarter. Nadler Financial Group Inc. lifted its position in Visa by 6.0% in the second quarter. Nadler Financial Group Inc. now owns 1,784 shares of the credit-card processor’s stock worth $310,000 after buying an additional 101 shares during the last quarter. Wendell David Associates Inc. lifted its position in Visa by 1.2% in the second quarter. Wendell David Associates Inc. now owns 14,429 shares of the credit-card processor’s stock worth $2,504,000 after buying an additional 169 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in Visa by 114.4% in the second quarter. Gradient Investments LLC now owns 21,636 shares of the credit-card processor’s stock worth $3,755,000 after buying an additional 11,543 shares during the last quarter. Institutional investors own 81.16% of the company’s stock.

V has been the subject of a number of analyst reports. Morgan Stanley raised their price target on Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded Visa from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research report on Saturday, June 15th. KeyCorp raised their price target on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 24th. Robert W. Baird set a $196.00 price target on Visa and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, UBS Group raised their price target on Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a research report on Thursday. 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 price target of $195.46.

Shares of NYSE:V traded up $3.26 on Thursday, hitting $181.26. 4,182,559 shares of the company’s stock were exchanged, compared to its average volume of 5,369,829. Visa Inc has a 12 month low of $121.60 and a 12 month high of $184.07. The company has a market capitalization of $358.11 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 2.07 and a beta of 0.96. The stock’s 50 day simple moving average is $176.49. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.62.

Visa (NYSE:V) last released its earnings results on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.04. Visa had a return on equity of 41.04% and a net margin of 53.43%. The business 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 company earned $1.20 earnings per share. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, research analysts anticipate 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. Stockholders of record on Friday, August 16th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.55%. Visa’s dividend payout ratio is currently 21.69%.

In other news, Director Lloyd Carney sold 3,500 shares of the firm’s stock in a transaction 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 transaction, the director now owns 3,452 shares in the company, valued at $630,783.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.17% of the company’s stock.

Visa Company 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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