United Services Automobile Association buys $265,673,682 stake in Visa Inc (V)

Visa Inc (V) : United Services Automobile Association scooped up 227,161 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 3,320,091 shares of Visa Inc which is valued at $265,673,682.Visa Inc makes up approximately 0.91% of United Services Automobile Association’s portfolio.

Other Hedge Funds, Including , Bessemer Group Inc boosted its stake in V in the latest quarter, The investment management firm added 12,120 additional shares and now holds a total of 117,531 shares of Visa Inc which is valued at $9,404,831. Visa Inc makes up approx 0.05% of Bessemer Group Inc’s portfolio.Excalibur Management Corp boosted its stake in V in the latest quarter, The investment management firm added 797 additional shares and now holds a total of 8,391 shares of Visa Inc which is valued at $658,945. Visa Inc makes up approx 0.56% of Excalibur Management Corp’s portfolio. Mizuho Securities Usa added V to its portfolio by purchasing 5,985 company shares during the most recent quarter which is valued at $478,261. Visa Inc makes up approx 0.09% of Mizuho Securities Usa’s portfolio.Barometer Capital Management boosted its stake in V in the latest quarter, The investment management firm added 180,800 additional shares and now holds a total of 190,800 shares of Visa Inc which is valued at $14,941,548. Visa Inc makes up approx 1.46% of Barometer Capital Management’s portfolio.

Visa Inc closed down -0.26 points or -0.32% at $80.8 with 1,00,07,465 shares getting traded on Tuesday. Post opening the session at $81.37, the shares hit an intraday low of $80.8 and an intraday high of $81.76 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. Company shares were Reiterated by Stifel on Jul 22, 2016 to “Buy”, Firm has raised the Price Target to $ 91 from a previous price target of $86 .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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *