Flossbach Von Storch AG boosted its position in Visa Inc. (NYSE:V) by 28.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,720,771 shares of the credit-card processor’s stock after buying an additional 377,281 shares during the period. Visa makes up about 2.2% of Flossbach Von Storch AG’s portfolio, making the stock its 15th largest position. Flossbach Von Storch AG’s holdings in Visa were worth $127,630,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. WealthTrust Arizona LLC raised its position in shares of Visa by 0.9% in the second quarter. WealthTrust Arizona LLC now owns 2,393 shares of the credit-card processor’s stock valued at $177,000 after buying an additional 21 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Visa by 0.3% in the second quarter. Rehmann Capital Advisory Group now owns 12,869 shares of the credit-card processor’s stock valued at $954,000 after buying an additional 35 shares in the last quarter. Amarillo National Bank raised its position in shares of Visa by 1.2% in the second quarter. Amarillo National Bank now owns 5,787 shares of the credit-card processor’s stock valued at $429,000 after buying an additional 67 shares in the last quarter. Clarius Group LLC raised its position in shares of Visa by 2.5% in the first quarter. Clarius Group LLC now owns 3,531 shares of the credit-card processor’s stock valued at $270,000 after buying an additional 85 shares in the last quarter. Finally, UMB Bank N A MO raised its position in shares of Visa by 3.0% in the second quarter. UMB Bank N A MO now owns 2,943 shares of the credit-card processor’s stock valued at $218,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 80.08% of the company’s stock.
Visa Inc. (NYSE:V) traded up 0.71% during trading on Friday, reaching $82.45. The company had a trading volume of 6,698,083 shares. The stock has a 50 day moving average of $82.28 and a 200-day moving average of $79.36. The company has a market capitalization of $194.58 billion, a P/E ratio of 35.04 and a beta of 0.95. Visa Inc. has a 12 month low of $66.12 and a 12 month high of $83.79.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, July 21st. The credit-card processor reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.67 billion. Visa had a return on equity of 22.36% and a net margin of 38.72%. Equities research analysts expect that Visa Inc. will post $2.79 EPS for the current fiscal year.
Several research firms have recently weighed in on V. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $86.00 price objective on shares of Visa in a report on Monday, July 18th. Vetr downgraded Visa from a “strong-buy” rating to a “buy” rating and set a $84.21 price objective for the company. in a report on Monday, July 11th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $88.00 price objective for the company in a report on Tuesday, July 19th. Jefferies Group reissued a “buy” rating on shares of Visa in a report on Tuesday, July 5th. Finally, Stifel Nicolaus increased their price objective on Visa from $86.00 to $91.00 and gave the company a “buy” rating in a report on Friday, July 22nd. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $88.94.
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.
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