Capital One National Association Lowers stake in Visa Inc (V)

Visa Inc (V) : Capital One National Association reduced its stake in Visa Inc by 1.18% during the most recent quarter end. The investment management company now holds a total of 143,064 shares of Visa Inc which is valued at $11,353,559 after selling 1,714 shares in Visa Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.Visa Inc makes up approximately 0.91% of Capital One National Association’s portfolio.

Other Hedge Funds, Including , Lasalle Street Capital Management boosted its stake in V in the latest quarter, The investment management firm added 4,577 additional shares and now holds a total of 31,377 shares of Visa Inc which is valued at $2,490,079. Visa Inc makes up approx 2.30% of Lasalle Street Capital Management’s portfolio.Dearborn Partners reduced its stake in V by selling 400 shares or 1.34% in the most recent quarter. The Hedge Fund company now holds 29,482 shares of V which is valued at $2,339,692. Visa Inc makes up approx 0.20% of Dearborn Partners’s portfolio.Btr Capital Management Inc reduced its stake in V by selling 1,730 shares or 2.77% in the most recent quarter. The Hedge Fund company now holds 60,736 shares of V which is valued at $4,756,236. Visa Inc makes up approx 1.06% of Btr Capital Management Inc’s portfolio.Grassi Investment Management boosted its stake in V in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 101,304 shares of Visa Inc which is valued at $7,847,008. Visa Inc makes up approx 1.45% of Grassi Investment Management’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in V by selling 5,500 shares or 21.89% in the most recent quarter. The Hedge Fund company now holds 19,630 shares of V which is valued at $1,500,125. Visa Inc makes up approx 0.43% of Daiwa Sb Investments Ltd.’s portfolio.

Visa Inc opened for trading at $78.75 and hit $79.75 on the upside on Wednesday, eventually ending the session at $79.36, with a gain of 0.81% or 0.64 points. The heightened volatility saw the trading volume jump to 79,22,144 shares. Company has a market cap of $172,145 M.

On the company’s financial health, Visa Inc reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.66. The company had revenue of $3626.00 million for the quarter, compared to analysts expectations of $3600.06 million. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Visa Inc. JP Morgan Resumed Visa Inc on Jun 6, 2016 to “Overweight”, Price Target of the shares are set at $88.

Visa Inc. is a payments technology company. The Company is engaged in operating a processing network VisaNet which facilitates authorization clearing and settlement of payment transactions across the world. The Company provides its services to consumers businesses financial institutions and governments in more than 200 countries and territories for electronic payments. The Company offers fraud protection for account holders and rapid payment for merchants. The Company provides a variety of payment solutions that support payment products that issuers can offer to their account holders such as pay now with debit pay ahead with prepaid or pay later with credit products. The Company offers a suite of digital eCommerce and mobile products and services.

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