BlueCrest Capital Management Ltd Raises Stake in Visa Inc. (V)

BlueCrest Capital Management Ltd increased its position in shares of Visa Inc. (NYSE:V) by 711.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 271,724 shares of the credit-card processor’s stock after acquiring an additional 238,249 shares during the quarter. Visa comprises about 1.1% of BlueCrest Capital Management Ltd’s investment portfolio, making the stock its 11th largest position. BlueCrest Capital Management Ltd’s holdings in Visa were worth $24,148,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Honkamp Krueger Financial Services Inc. lifted its stake in shares of Visa by 3.0% during the first quarter. Honkamp Krueger Financial Services Inc. now owns 18,633 shares of the credit-card processor’s stock valued at $1,656,000 after acquiring an additional 549 shares during the period. Private Trust Co. NA lifted its stake in shares of Visa by 12.6% during the first quarter. Private Trust Co. NA now owns 36,990 shares of the credit-card processor’s stock valued at $3,287,000 after acquiring an additional 4,138 shares during the period. Weybosset Research & Management LLC lifted its stake in shares of Visa by 1.1% during the first quarter. Weybosset Research & Management LLC now owns 2,885 shares of the credit-card processor’s stock valued at $256,000 after acquiring an additional 30 shares during the period. Stokes & Hubbell Capital Management LLC lifted its stake in shares of Visa by 2.1% during the first quarter. Stokes & Hubbell Capital Management LLC now owns 2,629 shares of the credit-card processor’s stock valued at $234,000 after acquiring an additional 55 shares during the period. Finally, Prentiss Smith & Co. Inc. lifted its stake in shares of Visa by 27.5% during the first quarter. Prentiss Smith & Co. Inc. now owns 5,100 shares of the credit-card processor’s stock valued at $453,000 after acquiring an additional 1,100 shares during the period. 81.74% of the stock is currently owned by institutional investors and hedge funds.

In other Visa news, Director Mary B. Cranston sold 10,400 shares of Visa stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $103.32, for a total value of $1,074,528.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 29,772 shares of Visa stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the sale, the executive vice president now directly owns 17,360 shares of the company’s stock, valued at approximately $1,751,797.60. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Several equities analysts have weighed in on the company. Vetr lowered Visa from a “hold” rating to a “sell” rating and set a $101.08 target price on the stock. in a research note on Thursday. Robert W. Baird reissued a “buy” rating on shares of Visa in a research note on Thursday, August 24th. UBS AG reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. KeyCorp reissued a “buy” rating and issued a $110.00 target price on shares of Visa in a research note on Friday, August 25th. Finally, BidaskClub raised Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $104.77.

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Visa Inc. (V) traded up 1.31% during mid-day trading on Monday, reaching $105.80. The company had a trading volume of 2,550,075 shares. Visa Inc. has a one year low of $75.17 and a one year high of $105.82. The company’s 50-day moving average is $102.05 and its 200-day moving average is $94.67. The stock has a market capitalization of $241.90 billion, a PE ratio of 39.35 and a beta of 0.94.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 25.8% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post $3.42 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Friday, August 18th were issued a $0.165 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a yield of 0.63%. Visa’s payout ratio is currently 24.54%.

Visa 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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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