Private Advisor Group LLC lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 2.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 174,422 shares of the credit-card processor's stock after acquiring an additional 4,663 shares during the period. Private Advisor Group LLC's holdings in Visa were worth $55,124,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Swedbank AB grew its stake in Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock worth $566,153,000 after buying an additional 199,440 shares in the last quarter. Howard Capital Management Group LLC grew its stake in Visa by 0.6% during the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor's stock worth $29,242,000 after buying an additional 610 shares in the last quarter. Monte Financial Group LLC boosted its stake in shares of Visa by 2.9% in the 3rd quarter. Monte Financial Group LLC now owns 5,567 shares of the credit-card processor's stock valued at $1,531,000 after purchasing an additional 155 shares in the last quarter. RAM Investment Partners LLC boosted its stake in shares of Visa by 3.5% in the 3rd quarter. RAM Investment Partners LLC now owns 1,904 shares of the credit-card processor's stock valued at $524,000 after purchasing an additional 64 shares in the last quarter. Finally, McAdam LLC boosted its stake in shares of Visa by 2.9% in the 3rd quarter. McAdam LLC now owns 3,345 shares of the credit-card processor's stock valued at $920,000 after purchasing an additional 95 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at Visa
In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the business's stock in a transaction dated Friday, February 7th. The shares were 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 owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,885 shares of company stock valued at $19,161,447. 0.13% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on V shares. 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 research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on shares of Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft raised their price target on shares of Visa from $300.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Citigroup restated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. Finally, Mizuho raised their price target on shares of Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Six analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $353.96.
Read Our Latest Analysis on V
Visa Trading Down 0.6 %
Shares of V stock traded down $2.22 during trading hours on Friday, hitting $348.27. 6,910,504 shares of the company were exchanged, compared to its average volume of 5,472,298. The firm has a market cap of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.33 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The company has a 50 day simple moving average of $329.14 and a two-hundred day simple moving average of $302.03.
Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa's 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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