First Trust Advisors LP Has $20.04 Million Stake in Visa Inc. (V)

First Trust Advisors LP grew its holdings in shares of Visa Inc. (NYSE:V) by 24.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 213,674 shares of the credit-card processor’s stock after buying an additional 42,115 shares during the quarter. First Trust Advisors LP’s holdings in Visa were worth $20,038,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Mercer Capital Advisers Inc. grew its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in Visa in the second quarter worth approximately $122,000. SpiderRock Advisors LLC grew its stake in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its stake in Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its stake in Visa by 11.7% in the second quarter. Delta Asset Management LLC TN now owns 1,721 shares of the credit-card processor’s stock worth $161,000 after purchasing an additional 180 shares in the last quarter. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on V shares. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price objective on shares of Visa in a research note on Sunday, June 25th. Mizuho started coverage on Visa in a research note on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price objective on the stock. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $100.12 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub cut Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Deutsche Bank AG increased their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and an average target price of $111.86.

WARNING: “First Trust Advisors LP Has $20.04 Million Stake in Visa Inc. (V)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/22/first-trust-advisors-lp-has-20-04-million-stake-in-visa-inc-v.html.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s 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 disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Visa Inc. (NYSE V) opened at 107.55 on Friday. The stock has a market cap of $245.91 billion, a price-to-earnings ratio of 40.00 and a beta of 0.93. The company has a 50-day moving average price of $105.76 and a 200-day moving average price of $98.25. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $109.26.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company earned $0.69 earnings per share. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post $3.43 EPS f

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Mercer Capital Advisers Inc. grew its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after purchasing an additional 25 shares in the last quarter. Mascoma Wealth Management LLC bought a new position in Visa in the second quarter worth approximately $122,000. SpiderRock Advisors LLC grew its stake in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after purchasing an additional 19,709 shares in the last quarter. Advantage Investment Management LLC grew its stake in Visa by 27.4% in the first quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after purchasing an additional 314 shares in the last quarter. Finally, Delta Asset Management LLC TN grew its stake in Visa by 11.7% in the second quarter. Delta Asset Management LLC TN now owns 1,721 shares of the credit-card processor’s stock worth $161,000 after purchasing an additional 180 shares in the last quarter. 81.65% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on V shares. Jefferies Group LLC reissued a “buy” rating and issued a $104.00 price objective on shares of Visa in a research note on Sunday, June 25th. Mizuho started coverage on Visa in a research note on Tuesday, June 27th. They issued a “buy” rating and a $115.00 price objective on the stock. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $100.12 price objective on the stock in a research note on Tuesday, June 27th. BidaskClub cut Visa from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Deutsche Bank AG increased their price objective on Visa from $124.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, July 10th. Two analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Visa presently has a consensus rating of “Buy” and an average target price of $111.86.

WARNING: “First Trust Advisors LP Has $20.04 Million Stake in Visa Inc. (V)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was copied illegally and reposted in violation of U.S. and international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2017/10/22/first-trust-advisors-lp-has-20-04-million-stake-in-visa-inc-v.html.

In related news, EVP Tullier Kelly Mahon sold 29,772 shares of the business’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $100.91, for a total value of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at $1,751,797.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary B. Cranston sold 10,400 shares of the business’s 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 disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Visa Inc. (NYSE V) opened at 107.55 on Friday. The stock has a market cap of $245.91 billion, a price-to-earnings ratio of 40.00 and a beta of 0.93. The company has a 50-day moving average price of $105.76 and a 200-day moving average price of $98.25. Visa Inc. has a 52 week low of $75.17 and a 52 week high of $109.26.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The firm had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same period in the previous year, the company earned $0.69 earnings per share. Visa’s quarterly revenue was up 25.8% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 5th. Investors of record on Friday, November 17th will be given a $0.195 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This is a boost from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 dividend on an annualized basis and a yield of 0.73%. Visa’s payout ratio is 24.54%.

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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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