Blueprint Investment Partners LLC lifted its position in Visa Inc. (NYSE:V - Free Report) by 89.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,762 shares of the credit-card processor's stock after buying an additional 4,610 shares during the period. Blueprint Investment Partners LLC's holdings in Visa were worth $3,085,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Swedbank AB raised its holdings in shares of Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock valued at $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC grew its position in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. raised its stake in Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after buying an additional 411,210 shares during the last quarter. Eagle Asset Management Inc. raised its stake in Visa by 14.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 36,905 shares of the credit-card processor's stock valued at $10,147,000 after buying an additional 4,726 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its holdings in shares of Visa by 2.9% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 3,334 shares of the credit-card processor's stock valued at $917,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.
Insider Transactions at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the company's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the transaction, the insider now directly owns 26,413 shares in the company, valued at $8,991,249.33. This represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock valued at $48,560,961. Corporate insiders own 0.13% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently commented on V shares. Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research note on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. UBS Group lifted their price target on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lifted their price objective on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.
Read Our Latest Report on V
Visa Stock Up 1.0 %
Shares of V stock traded up $3.42 on Thursday, hitting $347.60. The stock had a trading volume of 507,577 shares, compared to its average volume of 6,475,951. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The business has a 50 day moving average price of $342.50 and a 200 day moving average price of $314.42. The company has a market cap of $645.77 billion, a PE ratio of 35.03, a P/E/G ratio of 2.33 and a beta of 0.95.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.
About Visa
(
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.
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