Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 289,291 shares of the credit-card processor's stock, valued at approximately $91,428,000. Visa makes up about 1.5% of Aware Super Pty Ltd as trustee of Aware Super's holdings, making the stock its 10th largest position.
A number of other institutional investors have also recently added to or reduced their stakes in V. Vanguard Group Inc. raised its position in shares of Visa by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Geode Capital Management LLC grew its stake in Visa by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after acquiring an additional 1,689,926 shares in the last quarter. Norges Bank acquired a new stake in Visa in the 4th quarter valued at about $5,171,271,000. Charles Schwab Investment Management Inc. lifted its stake in Visa by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock worth $3,868,646,000 after purchasing an additional 718,558 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its holdings in shares of Visa by 1.8% during the 4th quarter. Fisher Asset Management LLC now owns 9,758,703 shares of the credit-card processor's stock worth $3,084,141,000 after purchasing an additional 173,990 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.
Visa Stock Down 0.6 %
Shares of Visa stock traded down $2.07 during trading hours on Thursday, reaching $329.26. 5,640,095 shares of the company were exchanged, compared to its average volume of 7,226,254. The firm has a market cap of $611.69 billion, a PE ratio of 33.19, a PEG ratio of 2.33 and a beta of 0.94. The stock's fifty day moving average is $341.55 and its 200 day moving average is $319.71. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on V. Evercore ISI started coverage on Visa in a research report on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price objective on the stock. Susquehanna reiterated a "positive" rating on shares of Visa in a report on Friday, March 21st. William Blair restated an "outperform" rating on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company boosted their target price on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, Citigroup restated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $355.84.
Read Our Latest Analysis on V
Insider Buying and Selling at Visa
In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total value of $3,020,792.80. Following the sale, the chief executive officer now owns 537 shares of the company's stock, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. Insiders own 0.13% of the company's stock.
Visa Company Profile
(
Free Report)
Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
Read More
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
