OV Management LLC grew its holdings in Visa Inc. (NYSE:V - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,261 shares of the credit-card processor's stock after acquiring an additional 986 shares during the period. Visa accounts for approximately 2.2% of OV Management LLC's holdings, making the stock its 11th largest position. OV Management LLC's holdings in Visa were worth $4,823,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Trexquant Investment LP increased its holdings in Visa by 1,251.8% in the 4th quarter. Trexquant Investment LP now owns 104,047 shares of the credit-card processor's stock valued at $32,883,000 after buying an additional 96,350 shares during the period. May Hill Capital LLC bought a new position in shares of Visa in the 4th quarter worth $786,000. Headlands Technologies LLC raised its holdings in Visa by 81.0% in the fourth quarter. Headlands Technologies LLC now owns 5,156 shares of the credit-card processor's stock worth $1,630,000 after purchasing an additional 2,307 shares during the period. Invenio Wealth Partners LLC increased its holdings in shares of Visa by 2.6% in the fourth quarter. Invenio Wealth Partners LLC now owns 2,614 shares of the credit-card processor's stock worth $826,000 after acquiring an additional 66 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Visa by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 40,345,176 shares of the credit-card processor's stock valued at $12,729,901,000 after purchasing an additional 1,689,926 shares during the period. Institutional investors and hedge funds own 82.15% of the company's stock.
Insider Activity
In related news, General Counsel Julie B. Rottenberg sold 2,572 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were 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 in the company, valued at approximately $4,054,500. The trade was a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,842,490 in the last quarter. 0.13% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Susquehanna restated a "positive" rating on shares of Visa in a report on Friday, March 21st. The Goldman Sachs Group upped their price objective on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Citigroup reiterated a "neutral" rating on shares of Visa in a report on Thursday, February 13th. William Blair reiterated an "outperform" rating on shares of Visa in a report on Friday, January 31st. Finally, Oppenheimer reiterated an "outperform" 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $355.84.
View Our Latest Research Report on V
Visa Trading Down 5.5 %
Shares of V traded down $18.55 during midday trading on Friday, hitting $320.84. The stock had a trading volume of 5,600,687 shares, compared to its average volume of 7,168,332. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock's 50 day moving average is $345.36 and its 200 day moving average is $316.73. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The firm has a market cap of $596.05 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. As a group, analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given 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 yield of 0.74%. Visa's dividend payout ratio is currently 23.79%.
Visa Profile
(
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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