Carnick & Kubik Group LLC Has $384,000 Stock Holdings in Visa Inc (NYSE:V)

Carnick & Kubik Group LLC grew its holdings in Visa Inc (NYSE:V) by 12.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,210 shares of the credit-card processor’s stock after purchasing an additional 250 shares during the quarter. Carnick & Kubik Group LLC’s holdings in Visa were worth $384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in Visa by 11,319.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock worth $656,000 after buying an additional 85,811,983 shares during the period. Lunia Capital LP raised its stake in Visa by 13,370.7% during the 4th quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock worth $23,454,000 after buying an additional 23,280,332 shares during the period. Thoroughbred Financial Services LLC raised its stake in Visa by 17,806.8% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 3,346,951 shares of the credit-card processor’s stock worth $334,695,000 after buying an additional 3,328,260 shares during the period. FMR LLC raised its stake in Visa by 1.9% during the 1st quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock worth $14,409,440,000 after buying an additional 1,731,813 shares during the period. Finally, Swedbank raised its stake in Visa by 26.3% during the 4th quarter. Swedbank now owns 4,890,752 shares of the credit-card processor’s stock worth $640,395,000 after buying an additional 1,019,755 shares during the period. 81.15% of the stock is currently owned by institutional investors.

In other news, Director Denise M. Morrison acquired 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average price of $171.13 per share, for a total transaction of $171,130.00. Following the completion of the purchase, the director now owns 3,223 shares in the company, valued at $551,551.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lloyd Carney sold 3,500 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $182.73, for a total value of $639,555.00. Following the completion of the transaction, the director now owns 3,452 shares in the company, valued at approximately $630,783.96. The disclosure for this sale can be found here. Corporate insiders own 0.17% of the company’s stock.

Shares of V opened at $176.34 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50 day moving average is $177.85. The company has a market cap of $356.91 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 2.01 and a beta of 0.96. Visa Inc has a 52 week low of $121.60 and a 52 week high of $184.07.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, July 23rd. The credit-card processor reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.04. The firm had revenue of $5.84 billion during the quarter, compared to analyst estimates of $5.70 billion. Visa had a return on equity of 41.04% and a net margin of 53.43%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 EPS. On average, analysts expect that Visa Inc will post 5.4 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 16th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date is Thursday, August 15th. Visa’s dividend payout ratio is presently 21.69%.

A number of research analysts recently weighed in on V shares. Nomura upped their price target on Visa from $178.00 to $204.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. JPMorgan Chase & Co. upped their price target on Visa from $166.00 to $182.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 24th. Barclays upped their price target on Visa from $181.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. UBS Group upped their price target on Visa from $183.00 to $187.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank upped their price target on Visa from $177.00 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus price target of $195.46.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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