7,821 Shares in Visa Inc. (NYSE:V) Purchased by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new stake in Visa Inc. (NYSE:V) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,821 shares of the credit-card processor’s stock, valued at approximately $2,053,000.

Several other hedge funds have also recently modified their holdings of V. Fidelis Capital Partners LLC grew its stake in Visa by 4.5% in the 2nd quarter. Fidelis Capital Partners LLC now owns 24,667 shares of the credit-card processor’s stock valued at $6,328,000 after purchasing an additional 1,057 shares during the period. Epoch Investment Partners Inc. boosted its holdings in shares of Visa by 0.3% in the 2nd quarter. Epoch Investment Partners Inc. now owns 1,226,921 shares of the credit-card processor’s stock worth $322,030,000 after buying an additional 3,117 shares during the last quarter. Quest Investment Management LLC boosted its holdings in shares of Visa by 0.8% in the 2nd quarter. Quest Investment Management LLC now owns 59,659 shares of the credit-card processor’s stock worth $15,659,000 after buying an additional 482 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in Visa by 21,918.0% during the second quarter. Frank Rimerman Advisors LLC now owns 28,183 shares of the credit-card processor’s stock valued at $7,397,000 after buying an additional 28,055 shares during the period. Finally, ProShare Advisors LLC increased its holdings in Visa by 4.9% during the second quarter. ProShare Advisors LLC now owns 468,804 shares of the credit-card processor’s stock worth $123,047,000 after buying an additional 22,009 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $284.77 on Friday. The stock has a market cap of $520.83 billion, a P/E ratio of 31.82, a PEG ratio of 2.05 and a beta of 0.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.54. The business’s 50-day moving average price is $270.65 and its two-hundred day moving average price is $273.45. Visa Inc. has a twelve month low of $227.78 and a twelve month high of $293.07.

Visa (NYSE:V) last announced its earnings results on Tuesday, July 23rd. The credit-card processor reported $2.42 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.42. Visa had a net margin of 54.72% and a return on equity of 51.94%. The business had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.92 billion. During the same period last year, the firm posted $2.16 earnings per share. Visa’s quarterly revenue was up 9.6% on a year-over-year basis. As a group, equities analysts predict that Visa Inc. will post 9.92 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Friday, August 9th were given a $0.52 dividend. The ex-dividend date was Friday, August 9th. This represents a $2.08 annualized dividend and a yield of 0.73%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.19% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on V shares. Royal Bank of Canada dropped their target price on shares of Visa from $315.00 to $311.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. StockNews.com upgraded Visa from a “hold” rating to a “buy” rating in a research note on Friday, August 9th. William Blair raised Visa to a “strong-buy” rating in a research report on Tuesday, July 23rd. Morgan Stanley lowered their target price on Visa from $326.00 to $322.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 24th. Finally, BNP Paribas upgraded Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research note on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $310.22.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.