Cue Financial Group buys $1,932,330 stake in Visa Inc (V)

Visa Inc (V) : Cue Financial Group scooped up 3,595 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 15, 2016. The investment management firm now holds a total of 24,130 shares of Visa Inc which is valued at $1,932,330.Visa Inc makes up approximately 1.66% of Cue Financial Group’s portfolio.

Visa Inc closed down -0.36 points or -0.44% at $80.79 with 95,36,936 shares getting traded on Wednesday. Post opening the session at $81.5, the shares hit an intraday low of $80.675 and an intraday high of $81.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Horizon Kinetics reduced its stake in V by selling 2,936 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 172,664 shares of V which is valued at $13,826,933. Visa Inc makes up approx 0.36% of Horizon Kinetics’s portfolio.Searle boosted its stake in V in the latest quarter, The investment management firm added 1,490 additional shares and now holds a total of 22,790 shares of Visa Inc which is valued at $1,825,023. Visa Inc makes up approx 1.67% of Searle’s portfolio.Dnb Asset Management As boosted its stake in V in the latest quarter, The investment management firm added 53,400 additional shares and now holds a total of 268,068 shares of Visa Inc which is valued at $21,466,885. Visa Inc makes up approx 0.44% of Dnb Asset Management As’s portfolio.Trust Co Of Virginia Va boosted its stake in V in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 3,559 shares of Visa Inc which is valued at $276,961. Visa Inc makes up approx 0.05% of Trust Co Of Virginia Va’s portfolio.Renaissance Investment Group boosted its stake in V in the latest quarter, The investment management firm added 5,715 additional shares and now holds a total of 46,165 shares of Visa Inc which is valued at $3,581,942. Visa Inc makes up approx 1.79% of Renaissance Investment Group’s portfolio.

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 Sun Trust Rbsn Humphrey on Apr 20, 2016 to “Buy”, Firm has raised the Price Target to $ 100 from a previous price target of $85 .Compass Point Initiated Visa Inc on Apr 15, 2016 to “Neutral”, Price Target of the shares are set at $80.Visa Inc was Downgraded by BofA/Merrill to ” Neutral” on Feb 11, 2016.

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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