Visa Inc (NYSE:V) is Van Leeuwen & Company LLC’s 3rd Largest Position

Van Leeuwen & Company LLC lessened its holdings in Visa Inc (NYSE:V) by 12.4% in the 2nd quarter, Holdings Channel.com reports. The firm owned 21,838 shares of the credit-card processor’s stock after selling 3,085 shares during the quarter. Visa makes up about 3.4% of Van Leeuwen & Company LLC’s holdings, making the stock its 3rd largest holding. Van Leeuwen & Company LLC’s holdings in Visa were worth $3,790,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisor Partners LLC lifted its stake in Visa by 7.8% in the fourth quarter. Advisor Partners LLC now owns 51,690 shares of the credit-card processor’s stock valued at $6,820,000 after buying an additional 3,750 shares during the period. Crescent Grove Advisors LLC lifted its stake in Visa by 5.7% in the fourth quarter. Crescent Grove Advisors LLC now owns 1,958 shares of the credit-card processor’s stock valued at $258,000 after buying an additional 105 shares during the period. Hayden Royal LLC acquired a new position in Visa in the fourth quarter valued at about $5,819,000. Fiduciary Trust Co. lifted its stake in Visa by 22.7% in the fourth quarter. Fiduciary Trust Co. now owns 34,151 shares of the credit-card processor’s stock valued at $4,506,000 after buying an additional 6,311 shares during the period. Finally, Bradley Foster & Sargent Inc. CT lifted its stake in Visa by 5.1% in the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 31,453 shares of the credit-card processor’s stock valued at $4,150,000 after buying an additional 1,522 shares during the period. 81.63% of the stock is owned by hedge funds and other institutional investors.

Several research firms have weighed in on V. BMO Capital Markets increased their target price on Visa to $214.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Barclays increased their target price on Visa from $181.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. KeyCorp increased their target price on Visa from $190.00 to $195.00 and gave the company an “overweight” rating in a research note on Wednesday, July 24th. Citigroup set a $206.00 target price on Visa and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, 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 report on Saturday, June 15th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $195.46.

In other Visa news, Director Lloyd Carney sold 3,500 shares of Visa stock in a transaction dated 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 directly owns 3,452 shares of the company’s stock, valued at approximately $630,783.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Denise M. Morrison bought 1,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were bought at an average cost of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the acquisition, the director now directly owns 3,223 shares in the company, valued at approximately $551,551.99. The disclosure for this purchase can be found here. Insiders own 0.17% of the company’s stock.

V stock traded down $3.36 during midday trading on Wednesday, reaching $175.25. 1,599,431 shares of the stock were exchanged, compared to its average volume of 7,765,283. The company has a market cap of $355.22 billion, a PE ratio of 38.02, a PEG ratio of 2.00 and a beta of 0.96. Visa Inc has a 52 week low of $121.60 and a 52 week high of $184.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The firm has a fifty day moving average of $177.94.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The business had revenue of $5.84 billion for the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. Visa’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, sell-side analysts expect that Visa Inc will post 5.4 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors 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 dividend on an annualized basis and a yield of 0.57%. Visa’s dividend payout ratio is currently 21.69%.

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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