Harvest Fund Management Co. Ltd Increases Holdings in Visa Inc. (NYSE:V)

Harvest Fund Management Co. Ltd increased its position in Visa Inc. (NYSE:V - Free Report) by 520.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,432 shares of the credit-card processor's stock after purchasing an additional 10,427 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in Visa were worth $3,932,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of Visa during the fourth quarter valued at approximately $1,955,403,000. Proficio Capital Partners LLC increased its position in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after buying an additional 3,926,049 shares in the last quarter. State Street Corp raised its stake in Visa by 4.5% during the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock valued at $21,064,179,000 after buying an additional 3,327,977 shares during the last quarter. FMR LLC boosted its holdings in Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after acquiring an additional 3,265,518 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after acquiring an additional 2,772,549 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research note on Thursday. Six investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $353.96.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now 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. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by corporate insiders.

Visa Stock Performance

NYSE:V traded down $2.99 during mid-day trading on Friday, hitting $336.51. 17,254,663 shares of the company traded hands, compared to its average volume of 6,730,029. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock's fifty day moving average price is $340.48 and its 200-day moving average price is $313.06. The firm has a market cap of $625.15 billion, a price-to-earnings ratio of 33.92, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.

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.