Rothschild Capital Partners LLC lowered its stake in shares of Visa Inc. (NYSE:V) by 51.3% during the second quarter, Holdings Channel reports. The firm owned 43,624 shares of the credit-card processor’s stock after selling 46,045 shares during the period. Visa accounts for about 1.7% of Rothschild Capital Partners LLC’s holdings, making the stock its 24th largest position. Rothschild Capital Partners LLC’s holdings in Visa were worth $3,236,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in Visa during the second quarter valued at approximately $262,163,000. Findlay Park Partners LLP boosted its stake in Visa by 107.9% in the first quarter. Findlay Park Partners LLP now owns 5,154,970 shares of the credit-card processor’s stock valued at $394,252,000 after buying an additional 2,676,011 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Visa by 4,373.4% in the first quarter. Canada Pension Plan Investment Board now owns 1,713,844 shares of the credit-card processor’s stock valued at $131,075,000 after buying an additional 1,675,532 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Visa during the first quarter valued at approximately $111,062,000. Finally, Fundsmith LLP boosted its stake in Visa by 40.5% in the first quarter. Fundsmith LLP now owns 3,922,506 shares of the credit-card processor’s stock valued at $299,993,000 after buying an additional 1,130,885 shares during the last quarter. Institutional investors and hedge funds own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.95% during midday trading on Friday, reaching $82.70. The company had a trading volume of 9,776,837 shares. Visa Inc. has a one year low of $66.12 and a one year high of $83.79. The company has a 50-day moving average price of $81.68 and a 200-day moving average price of $78.74. The stock has a market capitalization of $195.17 billion, a price-to-earnings ratio of 35.15 and a beta of 0.91.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Visa had a return on equity of 22.36% and a net margin of 38.72%. The firm earned $3.63 billion during the quarter, compared to analyst estimates of $3.67 billion. On average, equities analysts expect that Visa Inc. will post $2.79 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Wednesday, August 17th. Visa’s dividend payout ratio (DPR) is presently 24.35%.
A number of equities research analysts have recently issued reports on V shares. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $83.88 price objective on the stock in a research note on Monday, June 6th. Sanford C. Bernstein reiterated a “buy” rating on shares of Visa in a research note on Wednesday, June 15th. Oppenheimer Holdings Inc. upped their price objective on Visa from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Friday, June 10th. Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Friday, June 24th. Finally, Jefferies Group reiterated a “buy” rating on shares of Visa in a research note on Tuesday, July 5th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Visa presently has an average rating of “Buy” and an average price target of $88.54.
Visa Inc is a payments technology company. The Company is engaged in operating a processing network, VisaNet, which facilitates authorization, clearing and settlement of payment transactions across the world. The Company provides its services to consumers, businesses, financial institutions and governments in more than 200 countries and territories for electronic payments.
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:V).
Receive News & Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related companies with MarketBeat.com's FREE daily email newsletter.