Landscape Capital Management L.L.C. lifted its position in shares of Visa Inc. (NYSE:V - Free Report) by 16.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,317 shares of the credit-card processor's stock after purchasing an additional 4,050 shares during the quarter. Visa accounts for 1.0% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 7th largest holding. Landscape Capital Management L.L.C.'s holdings in Visa were worth $9,265,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Riverstone Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $217,000. Journey Strategic Wealth LLC boosted its holdings in Visa by 16.4% during the 4th quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the last quarter. King Wealth Management Group grew its stake in shares of Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after acquiring an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Visa in the fourth quarter valued at about $10,163,000. Finally, Copley Financial Group Inc. bought a new position in shares of Visa during the third quarter valued at about $616,000. 82.15% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their target price on Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "hold" rating on shares of Visa in a report on Thursday, February 13th. Five 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 company. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and an average price target of $355.84.
Read Our Latest Report on V
Visa Price Performance
Shares of Visa stock traded down $3.71 on Monday, hitting $309.42. 6,145,834 shares of the company traded hands, compared to its average volume of 7,217,900. The company has a market cap of $574.83 billion, a P/E ratio of 31.09, a P/E/G ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm's 50-day simple moving average is $345.02 and its 200 day simple moving average is $317.27.
Visa (NYSE:V - Get Free Report) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) 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%. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.
Insider Buying and Selling at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares of the company's stock, valued at $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock worth $48,842,490 over the last three months. Company insiders own 0.13% of the company's stock.
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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