Koshinski Asset Management Inc. grew its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 2.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,387 shares of the credit-card processor’s stock after purchasing an additional 242 shares during the period. Koshinski Asset Management Inc.’s holdings in Visa were worth $2,242,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Clark Capital Management Group Inc. grew its holdings in shares of Visa by 33.6% in the fourth quarter. Clark Capital Management Group Inc. now owns 12,667 shares of the credit-card processor’s stock valued at $2,745,000 after acquiring an additional 3,189 shares in the last quarter. Trail Ridge Investment Advisors LLC purchased a new position in Visa in the fourth quarter valued at approximately $367,000. Maverick Capital Ltd. lifted its stake in Visa by 54.5% in the fourth quarter. Maverick Capital Ltd. now owns 1,118,192 shares of the credit-card processor’s stock valued at $242,323,000 after purchasing an additional 394,346 shares during the last quarter. Clearstead Advisors LLC lifted its stake in Visa by 4.3% in the fourth quarter. Clearstead Advisors LLC now owns 30,096 shares of the credit-card processor’s stock valued at $6,522,000 after purchasing an additional 1,234 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV lifted its stake in Visa by 8.3% in the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 1,162 shares of the credit-card processor’s stock valued at $252,000 after purchasing an additional 89 shares during the last quarter. 81.49% of the stock is owned by institutional investors.
Insider Activity at Visa
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Friday, July 29th. The stock was sold at an average price of $212.11, for a total value of $1,908,990.00. Following the transaction, the chief executive officer now owns 156,887 shares of the company’s stock, valued at $33,277,301.57. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.21% of the stock is owned by insiders.
Analyst Ratings Changes
Visa Stock Down 2.6 %
V opened at $187.02 on Thursday. The stock has a market cap of $353.55 billion, a PE ratio of 27.58, a P/E/G ratio of 1.55 and a beta of 0.90. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a 52 week low of $185.91 and a 52 week high of $236.96. The business’s fifty day simple moving average is $206.70 and its 200 day simple moving average is $207.03.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Friday, August 12th were paid a $0.375 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.80%. Visa’s dividend payout ratio is presently 22.12%.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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