Marcus Capital LLC Increases Stake in Visa Inc. (V)
Marcus Capital LLC increased its stake in shares of Visa Inc. (NYSE:V) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,600 shares of the credit-card processor’s stock after acquiring an additional 150 shares during the period. Visa comprises about 4.2% of Marcus Capital LLC’s portfolio, making the stock its 3rd largest position. Marcus Capital LLC’s holdings in Visa were worth $4,933,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of V. Vantage Financial Partners Ltd. Inc. bought a new position in Visa during the second quarter worth about $958,000. Motco boosted its position in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after acquiring an additional 236 shares during the period. BDO Wealth Advisors LLC bought a new position in shares of Visa in the second quarter valued at approximately $115,000. Mascoma Wealth Management LLC bought a new position in shares of Visa in the second quarter valued at approximately $122,000. Finally, SpiderRock Advisors LLC boosted its position in shares of Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock valued at $124,000 after acquiring an additional 19,709 shares during the period. Institutional investors and hedge funds own 81.91% of the company’s stock.
In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by insiders.
A number of research firms have recently commented on V. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $115.24 price objective for the company in a research report on Monday. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Thursday, November 2nd. Jefferies Group raised their price objective on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Buckingham Research raised their price objective on shares of Visa from $129.00 to $130.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Finally, Nomura lifted their target price on shares of Visa from $120.00 to $126.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus target price of $116.14.
Shares of Visa Inc. (NYSE:V) traded down $3.30 during midday trading on Tuesday, hitting $107.43. 18,909,000 shares of the company traded hands, compared to its average volume of 7,643,021. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc. has a 12 month low of $76.55 and a 12 month high of $113.62. The stock has a market capitalization of $246,690.00, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 1.62 and a beta of 0.99.
Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, topping the consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The company had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same period in the previous year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. equities analysts predict that Visa Inc. will post 4.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th will be given a dividend of $0.195 per share. This is an increase 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%. The ex-dividend date is Thursday, November 16th. Visa’s payout ratio is presently 27.86%.
ILLEGAL ACTIVITY WARNING: “Marcus Capital LLC Increases Stake in Visa Inc. (V)” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this piece on another domain, it was illegally stolen and republished in violation of US and international copyright legislation. The original version of this piece can be accessed at https://theolympiareport.com/2017/12/05/marcus-capital-llc-increases-stake-in-visa-inc-v.html.
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.
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 Analyst Ratings Network's FREE daily email newsletter.