Intellus Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,930 shares of the credit-card processor's stock, valued at approximately $1,242,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in V. State Street Corp raised its stake in shares of Visa by 4.5% in 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 purchasing an additional 3,327,977 shares in the last quarter. FMR LLC raised its position 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 purchasing an additional 3,265,518 shares in the last quarter. Geode Capital Management LLC raised its position in 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 purchasing an additional 2,772,549 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Visa by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,241,003 shares of the credit-card processor's stock valued at $3,868,646,000 after purchasing an additional 718,558 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Visa by 1.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,597,969 shares of the credit-card processor's stock valued at $3,188,862,000 after acquiring an additional 123,927 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on V shares. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Bank of America raised their price target on shares of Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a report on Friday, January 31st. Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, Seaport Res Ptn upgraded Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.
View Our Latest Report on V
Insider Transactions at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 143,205 shares of company stock worth $48,560,961. Company insiders own 0.13% of the company's stock.
Visa Stock Performance
Shares of V stock traded down $0.57 on Wednesday, reaching $344.05. The stock had a trading volume of 6,184,455 shares, compared to its average volume of 6,694,540. 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 firm's 50-day moving average is $341.94 and its two-hundred day moving average is $314.21. The firm has a market capitalization of $639.17 billion, a price-to-earnings ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, research analysts expect that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is 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.
Further Reading
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