Great Lakes Advisors LLC Buys 315 Shares of Visa Inc. (V)

Great Lakes Advisors LLC increased its stake in shares of Visa Inc. (NYSE:V) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,041 shares of the credit-card processor’s stock after purchasing an additional 315 shares during the quarter. Great Lakes Advisors LLC’s holdings in Visa were worth $4,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Wallington Asset Management LLC boosted its stake in Visa by 3.8% in the 2nd quarter. Wallington Asset Management LLC now owns 57,779 shares of the credit-card processor’s stock worth $5,419,000 after buying an additional 2,090 shares during the last quarter. iAB Financial Bank boosted its stake in Visa by 2.6% in the 2nd quarter. iAB Financial Bank now owns 56,963 shares of the credit-card processor’s stock worth $5,342,000 after buying an additional 1,423 shares during the last quarter. Carret Asset Management LLC boosted its stake in Visa by 4.5% in the 1st quarter. Carret Asset Management LLC now owns 27,037 shares of the credit-card processor’s stock worth $2,403,000 after buying an additional 1,153 shares during the last quarter. Cypress Asset Management Inc. TX boosted its stake in Visa by 31.1% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 14,720 shares of the credit-card processor’s stock worth $1,380,000 after buying an additional 3,495 shares during the last quarter. Finally, DE Burlo Group Inc. boosted its stake in Visa by 65.9% in the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after buying an additional 57,600 shares during the last quarter. Hedge funds and other institutional investors own 81.77% of the company’s stock.

In related news, Director Mary B. Cranston sold 10,400 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $103.32, for a total transaction of $1,074,528.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

V has been the topic of several research analyst reports. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $100.12 price objective on the stock. in a research note on Monday, July 17th. Jefferies Group LLC lifted their price objective on Visa from $104.00 to $112.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. lifted their price objective on Visa from $100.00 to $106.00 in a research note on Tuesday, July 18th. Loop Capital lifted their price objective on Visa from $101.00 to $111.00 and gave the company a “buy” rating in a research note on Friday, July 21st. They noted that the move was a valuation call. Finally, Instinet lifted their price objective on Visa from $105.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $116.08.

Visa Inc. (NYSE:V) opened at $111.88 on Friday. Visa Inc. has a 12-month low of $75.17 and a 12-month high of $112.90. The stock has a market capitalization of $232,802.64, a P/E ratio of 32.22, a P/E/G ratio of 1.64 and a beta of 0.97. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.65 and a current ratio of 1.90.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. During the same quarter in the previous year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. equities analysts forecast that Visa Inc. will post 4.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a dividend of $0.195 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a yield of 0.70%. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 23.57%.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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