Visa Inc. (NYSE:V).
Vontobel Asset Management Inc reports that it raised its stake in Visa Inc. by 9.0% in a 13F filing with the SEC. Its position was worth $530,630,000 an increase of 13.8% according to the filing.
The following firms have also recently changed their position in V. As of quarter end Gateway Investment Advisers LLC had bought 3,331 shares growing its stake by 0.3%. The value in dollars went from $110,112,000 to $116,507,000 increasing 5.8% since the last quarter. Pennsylvania Trust Co augmented its ownership by buying 78,113 shares an increase of 43.3% in the quarter. Pennsylvania Trust Co controls 258,591 shares worth $24,251,000. The total value of its holdings increased 51.2%.
Union Bankshares Corp reduced its stake by shedding 5,873 shares a decrease of 93.6%. Union Bankshares Corp claims 400 shares valued at $38,000. The value of the position overall is down by 93.2%.
On June 28, 2017 Mizuho issued its first research report on the stock by announcing an initial rating of “Buy”. On December 15 the company was rated “Buy” by Bank of America a boost from the previous “Neutral” rating.
On December 5, 2016 the stock rating was set at “Buy” according to a Guggenheim report up from the previous “Buy” rating. On October 25 the stock rating was downgraded from “” to “Buy” with a current price target of $97.00 in a statement from Guggenheim.
On October 25 UBS made no change to the stock rating of “Buy” and raised the price target to $97.00 from $90.00. On October 24 the company was upgraded to “Buy” from “” by analysts at Drexel Hamilton.
In the market the company is trading up by 0.83 percent from yesterday’s close. The company also announced a dividend for shareholders that was paid on Tuesday June 6th, 2017. The dividend was $0.165 per share for the quarter or $0.66 annualized. The dividend yield was $0.70. The ex-dividend date was Wednesday the 17th of May 2017.
Shares of the company are trading at $96.20 just above $94.45, the 50 day moving average and barely above the 200 day moving average of $88.30. The 50 day moving average was up $1.58 or +1.67% and the 200 day average moved up $7.73.
Visa Inc.’s P/E ratio is 47.92 and the market cap of the company is 221.49B. As of the last earnings report the EPS was $2.00 and is expected to be $3.37 for the current year with 2,306,434,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.85 with next year’s EPS projected to be $3.94.