Howe & Rusling Inc. Has $855,000 Position in Visa Inc (V)

Howe & Rusling Inc. increased its position in shares of Visa Inc (NYSE:V) by 2,600.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,127 shares of the credit-card processor’s stock after acquiring an additional 7,826 shares during the quarter. Howe & Rusling Inc.’s holdings in Visa were worth $855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in V. Aspen Investment Management Inc boosted its position in Visa by 0.4% during the first quarter. Aspen Investment Management Inc now owns 9,272 shares of the credit-card processor’s stock worth $824,000 after acquiring an additional 40 shares during the last quarter. Dumont & Blake Investment Advisors LLC raised its stake in Visa by 1.3% during the first quarter. Dumont & Blake Investment Advisors LLC now owns 7,620 shares of the credit-card processor’s stock worth $677,000 after purchasing an additional 95 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Visa by 5.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 17,337 shares of the credit-card processor’s stock worth $1,541,000 after purchasing an additional 874 shares during the period. Crawford Investment Counsel Inc. raised its stake in Visa by 6.7% during the first quarter. Crawford Investment Counsel Inc. now owns 126,007 shares of the credit-card processor’s stock worth $11,198,000 after purchasing an additional 7,893 shares during the period. Finally, Swiss National Bank raised its stake in Visa by 23.2% during the first quarter. Swiss National Bank now owns 7,360,428 shares of the credit-card processor’s stock worth $654,121,000 after purchasing an additional 1,388,200 shares during the period. Hedge funds and other institutional investors own 81.91% of the company’s stock.

In related news, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the sale, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares in the company, valued at approximately $77,005.83. The disclosure for this sale can be found here. In the last three months, insiders sold 58,068 shares of company stock worth $6,597,262. Insiders own 0.14% of the company’s stock.

A number of equities analysts have weighed in on the stock. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 price target on the stock in a research note on Tuesday, September 26th. Loop Capital increased their price target on shares of Visa from $111.00 to $123.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Robert W. Baird reaffirmed a “buy” rating and set a $122.00 price target on shares of Visa in a research note on Tuesday, September 26th. Cowen reaffirmed a “buy” rating and set a $107.00 price target on shares of Visa in a research note on Thursday, October 12th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $125.00 price target (up previously from $112.00) on shares of Visa in a research note on Tuesday, October 17th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $117.23.

Visa Inc (NYSE V) opened at $113.55 on Tuesday. Visa Inc has a one year low of $77.19 and a one year high of $114.75. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a market cap of $235,794.19, a price-to-earnings ratio of 32.71, a PEG ratio of 1.67 and a beta of 0.97.

Visa (NYSE:V) last issued its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The business had revenue of $4.86 billion for the quarter, compared to the consensus estimate of $4.63 billion. During the same quarter last year, the firm posted $0.78 EPS. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. sell-side analysts forecast that Visa Inc will post 4.05 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Thursday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is currently 27.86%.

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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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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