Fidelity National Financial Inc. Buys Shares of 100,000 Visa Inc. (NYSE:V)

Fidelity National Financial Inc. bought a new position in Visa Inc. (NYSE:V - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 100,000 shares of the credit-card processor's stock, valued at approximately $27,495,000. Visa comprises approximately 0.5% of Fidelity National Financial Inc.'s investment portfolio, making the stock its 9th biggest position.

Several other large investors have also made changes to their positions in the business. Ameriprise Financial Inc. increased its stake in Visa by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor's stock valued at $3,833,981,000 after acquiring an additional 345,829 shares during the period. Legal & General Group Plc lifted its holdings in Visa by 2.2% in the second quarter. Legal & General Group Plc now owns 14,416,394 shares of the credit-card processor's stock valued at $3,783,857,000 after buying an additional 312,286 shares during the period. International Assets Investment Management LLC boosted its holdings in Visa by 45,189.4% during the third quarter. International Assets Investment Management LLC now owns 9,758,505 shares of the credit-card processor's stock worth $2,683,101,000 after buying an additional 9,736,958 shares during the last quarter. Ninety One UK Ltd grew its holdings in shares of Visa by 0.7% in the 2nd quarter. Ninety One UK Ltd now owns 7,867,958 shares of the credit-card processor's stock valued at $2,065,103,000 after buying an additional 55,437 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Visa by 9.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,670,269 shares of the credit-card processor's stock valued at $2,013,403,000 after purchasing an additional 685,228 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.

Visa Stock Down 1.4 %

V stock opened at $307.39 on Thursday. The business has a 50 day moving average of $288.57 and a 200 day moving average of $276.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The firm has a market cap of $560.16 billion, a PE ratio of 31.59, a price-to-earnings-growth ratio of 2.09 and a beta of 0.95. Visa Inc. has a twelve month low of $250.03 and a twelve month high of $312.44.

Visa (NYSE:V - Get Free Report) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts' consensus estimates of $2.58 by $0.13. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.33 EPS. On average, research analysts forecast that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th will be paid a $0.59 dividend. This is an increase from Visa's previous quarterly dividend of $0.52. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Tuesday, November 12th. Visa's dividend payout ratio (DPR) is 24.25%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at $148,687.06. This trade represents a 94.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.19% of the company's stock.

Analyst Upgrades and Downgrades

V has been the topic of several analyst reports. Jefferies Financial Group boosted their price target on shares of Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. The Goldman Sachs Group reissued a "buy" rating and issued a $317.00 price objective on shares of Visa in a report on Thursday, September 12th. Mizuho raised their target price on shares of Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Barclays increased their target price on shares of Visa from $319.00 to $347.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. increased their target price on Visa from $290.00 to $320.00 and gave the company an "overweight" rating in a research report on Tuesday, August 20th. Four analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $321.74.

About Visa

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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