Penserra Capital Management LLC Grows Position in Visa Inc. (V)

Penserra Capital Management LLC increased its holdings in shares of Visa Inc. (NYSE:V) by 87.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,960 shares of the credit-card processor’s stock after acquiring an additional 2,312 shares during the quarter. Penserra Capital Management LLC’s holdings in Visa were worth $465,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Clearbridge Investments LLC increased its stake in shares of Visa by 41.4% during the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock valued at $812,776,000 after acquiring an additional 2,677,533 shares during the period. Harbour Capital Advisors LLC increased its stake in shares of Visa by 10,570.6% during the second quarter. Harbour Capital Advisors LLC now owns 1,598,668 shares of the credit-card processor’s stock valued at $17,047,000 after acquiring an additional 1,583,686 shares during the period. Swiss National Bank boosted its holdings in Visa by 23.2% during the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after buying an additional 1,388,200 shares in the last quarter. Akre Capital Management LLC boosted its holdings in Visa by 35.0% during the first quarter. Akre Capital Management LLC now owns 4,889,020 shares of the credit-card processor’s stock worth $434,487,000 after buying an additional 1,267,080 shares in the last quarter. Finally, Karp Capital Management Corp boosted its holdings in Visa by 3,256.5% during the first quarter. Karp Capital Management Corp now owns 970,495 shares of the credit-card processor’s stock worth $86,248,000 after buying an additional 941,581 shares in 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 stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total transaction of $1,074,528.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Visa Inc. (NYSE V) opened at $111.88 on Friday. The firm has a market cap of $232,802.64, a P/E ratio of 32.22, a PEG ratio of 1.64 and a beta of 0.97. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $112.90. The company has a quick ratio of 1.65, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 earnings per share. sell-side analysts expect that Visa Inc. will post 4.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be issued a dividend of $0.195 per share. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, November 16th. This represents a $0.78 annualized dividend and a yield of 0.70%. Visa’s dividend payout ratio is presently 23.57%.

V has been the subject of a number of research reports. Cantor Fitzgerald restated a “buy” rating and set a $120.00 target price on shares of Visa in a report on Wednesday, October 25th. UBS AG reaffirmed an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. BidaskClub raised shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 25th. Wells Fargo & Company raised shares of Visa from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $110.00 price objective on shares of Visa in a research note on Friday, August 25th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $116.08.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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