Matthew Goff Investment Advisor LLC raised its stake in Visa Inc. (NYSE:V) by 12.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,344 shares of the credit-card processor’s stock after acquiring an additional 4,926 shares during the quarter. Visa comprises approximately 3.8% of Matthew Goff Investment Advisor LLC’s investment portfolio, making the stock its 10th biggest holding. Matthew Goff Investment Advisor LLC’s holdings in Visa were worth $4,252,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wallington Asset Management LLC grew its position in shares of Visa by 3.8% during 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 period. iAB Financial Bank grew its position in shares of Visa by 2.6% during 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 period. Carret Asset Management LLC grew its position in shares of Visa by 4.5% during 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 period. Cypress Asset Management Inc. TX grew its position in shares of Visa by 31.1% during 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 period. Finally, DE Burlo Group Inc. boosted its stake in Visa by 65.9% during the 1st quarter. DE Burlo Group Inc. now owns 145,000 shares of the credit-card processor’s stock worth $12,886,000 after acquiring an additional 57,600 shares during the last quarter. Hedge funds and other institutional investors own 81.91% of the company’s stock.
Several research firms recently weighed in on V. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $115.24 price objective on the stock in a research note on Monday. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group lifted their price objective on shares of Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. Morgan Stanley lifted their price objective on shares of Visa from $125.00 to $126.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Finally, BMO Capital Markets lifted their price objective on shares of Visa from $116.00 to $134.00 and gave the stock an “outperform” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $117.08.
Shares of Visa Inc. (NYSE:V) traded up $1.40 during mid-day trading on Thursday, hitting $111.14. 3,434,750 shares of the stock were exchanged, compared to its average volume of 7,661,438. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $224,938.80, a price-to-earnings ratio of 31.20, a PEG ratio of 1.59 and a beta of 0.97. Visa Inc. has a twelve month low of $77.19 and a twelve month high of $113.62.
Visa (NYSE:V) last announced its quarterly earnings data on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The business had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. equities analysts predict that Visa Inc. will post 4.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were given a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. Visa’s payout ratio is currently 27.86%.
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Visa Company Profile
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.
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