Oppenheimer & Co. Inc. Grows Holdings in Visa Inc. (NYSE:V)

Oppenheimer & Co. Inc. increased its position in shares of Visa Inc. (NYSE:V) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,880 shares of the credit-card processor’s stock after purchasing an additional 9,098 shares during the period. Visa makes up about 0.5% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 29th biggest holding. Oppenheimer & Co. Inc.’s holdings in Visa were worth $19,870,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in V. Motco raised its holdings in shares of Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares in the last quarter. BDO Wealth Advisors LLC bought a new stake in Visa during the 2nd quarter worth $115,000. Mascoma Wealth Management LLC bought a new stake in Visa during the 2nd quarter worth $122,000. SpiderRock Advisors LLC grew its position in Visa by 107.1% during the 2nd quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares during the last quarter. Finally, Advantage Investment Management LLC grew its position in Visa by 27.4% during the 1st quarter. Advantage Investment Management LLC now owns 1,462 shares of the credit-card processor’s stock worth $130,000 after acquiring an additional 314 shares during the last quarter. 81.91% of the stock is owned by hedge funds and other institutional investors.

In other Visa news, SVP James H. Hoffmeister sold 2,146 shares of the 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 completion of the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

A number of brokerages recently weighed in on V. Jefferies Group restated a “buy” rating and set a $125.00 price objective (up previously from $112.00) on shares of Visa in a research report on Tuesday, October 17th. BidaskClub upgraded Visa from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 10th. Robert W. Baird reiterated an “outperform” rating and issued a $128.00 price target (up previously from $122.00) on shares of Visa in a research report on Monday, October 2nd. Morgan Stanley upped their price target on Visa from $125.00 to $126.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $120.00 price target on shares of Visa in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Visa has a consensus rating of “Buy” and an average price target of $117.08.

Shares of Visa Inc. (NYSE V) traded up $1.66 during trading on Thursday, hitting $111.40. The stock had a trading volume of 7,382,437 shares, compared to its average volume of 7,660,255. The stock has a market capitalization of $252,180.00, a P/E ratio of 31.20, a PEG ratio of 1.59 and a beta of 0.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.61. Visa Inc. has a 12-month low of $77.19 and a 12-month high of $113.62.

Visa (NYSE:V) last released its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion during the quarter, compared to analyst estimates of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. Visa’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.78 earnings per share. equities analysts expect that Visa Inc. will post 4.05 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were issued a $0.195 dividend. The ex-dividend date was Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a dividend yield of 0.70%. Visa’s dividend payout ratio is currently 27.86%.

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About Visa

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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