Visa Inc (V) : Vontobel Asset Management Inc scooped up 480,392 additional shares in Visa Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 5,088,588 shares of Visa Inc which is valued at $402,558,197.Visa Inc makes up approximately 3.16% of Vontobel Asset Management Inc’s portfolio.
Visa Inc closed down -1.68 points or -2.08% at $79.11 with 1,82,16,044 shares getting traded on Friday. Post opening the session at $78, the shares hit an intraday low of $77.28 and an intraday high of $79.355 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Capital One National Association boosted its stake in V in the latest quarter, The investment management firm added 7,844 additional shares and now holds a total of 144,778 shares of Visa Inc which is valued at $11,453,388. Visa Inc makes up approx 1.02% of Capital One National Association’s portfolio.Howland Capital Management boosted its stake in V in the latest quarter, The investment management firm added 2,404 additional shares and now holds a total of 328,374 shares of Visa Inc which is valued at $26,296,190. Visa Inc makes up approx 2.64% of Howland Capital Management’s portfolio.Daiwa Sb Investments Ltd. boosted its stake in V in the latest quarter, The investment management firm added 3,844 additional shares and now holds a total of 25,130 shares of Visa Inc which is valued at $2,012,410. Visa Inc makes up approx 0.50% of Daiwa Sb Investments Ltd.’s portfolio.Deane Retirement Strategies reduced its stake in V by selling 1,630 shares or 7.75% in the most recent quarter. The Hedge Fund company now holds 19,415 shares of V which is valued at $1,510,875. Visa Inc makes up approx 1.41% of Deane Retirement Strategies’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.