NEXT Financial Group Inc Increases Holdings in Visa Inc (NYSE:V)

NEXT Financial Group Inc lifted its holdings in shares of Visa Inc (NYSE:V) by 56.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,571 shares of the credit-card processor’s stock after acquiring an additional 4,874 shares during the quarter. NEXT Financial Group Inc’s holdings in Visa were worth $2,355,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its holdings in Visa by 1.9% during the first quarter. FMR LLC now owns 92,255,849 shares of the credit-card processor’s stock valued at $14,409,440,000 after purchasing an additional 1,731,813 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Visa by 11,319.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 86,570,056 shares of the credit-card processor’s stock valued at $656,000 after purchasing an additional 85,811,983 shares during the period. Lunia Capital LP grew its holdings in Visa by 13,370.7% during the fourth quarter. Lunia Capital LP now owns 23,454,446 shares of the credit-card processor’s stock valued at $23,454,000 after purchasing an additional 23,280,332 shares during the period. Fisher Asset Management LLC grew its holdings in Visa by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 18,622,097 shares of the credit-card processor’s stock valued at $2,456,999,000 after purchasing an additional 534,608 shares during the period. Finally, Jennison Associates LLC grew its holdings in Visa by 1.6% during the fourth quarter. Jennison Associates LLC now owns 17,301,374 shares of the credit-card processor’s stock valued at $2,282,743,000 after purchasing an additional 271,382 shares during the period. 81.63% of the stock is owned by institutional investors.

NYSE V opened at $176.27 on Friday. The stock’s 50-day simple moving average is $178.08 and its two-hundred day simple moving average is $162.42. Visa Inc has a twelve month low of $121.60 and a twelve month high of $184.07. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $354.35 billion, a price-to-earnings ratio of 38.24, a PEG ratio of 2.00 and a beta of 0.96.

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

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. Visa’s dividend payout ratio is currently 21.69%.

Several equities analysts have weighed in on V shares. Guggenheim increased their price objective on Visa from $178.00 to $190.00 and gave the company a “positive” rating in a report on Wednesday, July 24th. Citigroup set a $206.00 price objective on Visa and gave the company a “buy” rating in a report on Friday, July 19th. KeyCorp raised their price target on Visa from $190.00 to $195.00 and gave the stock an “overweight” rating in a report on Wednesday, July 24th. Morgan Stanley raised their price target on Visa from $175.00 to $191.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Piper Jaffray Companies set a $207.00 price target on Visa and gave the stock a “buy” rating in a report on Wednesday, July 24th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $195.46.

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

About Visa

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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