Capital International Ltd. CA increased its stake in Visa Inc. (NYSE:V - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 91,756 shares of the credit-card processor's stock after purchasing an additional 3,315 shares during the period. Visa accounts for 1.2% of Capital International Ltd. CA's portfolio, making the stock its 21st largest holding. Capital International Ltd. CA's holdings in Visa were worth $28,999,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently bought and sold shares of the company. Howard Capital Management Group LLC raised its stake in Visa by 0.6% during the 3rd 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock valued at $1,576,366,000 after purchasing an additional 411,210 shares in the last quarter. Morse Asset Management Inc acquired a new position in shares of Visa in the 3rd quarter valued at approximately $69,000. Passumpsic Savings Bank raised its holdings in Visa by 2.0% during the 3rd quarter. Passumpsic Savings Bank now owns 9,137 shares of the credit-card processor's stock worth $2,512,000 after buying an additional 179 shares during the period. Finally, Virtu Financial LLC lifted its stake in Visa by 101.5% in the third quarter. Virtu Financial LLC now owns 44,984 shares of the credit-card processor's stock valued at $12,368,000 after buying an additional 22,658 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price target on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Susquehanna reiterated a "positive" rating on shares of Visa in a research note on Friday, March 21st. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $355.84.
Check Out Our Latest Stock Analysis on Visa
Visa Trading Down 0.6 %
Visa stock traded down $2.07 during mid-day trading on Friday, hitting $329.26. The company's stock had a trading volume of 5,640,095 shares, compared to its average volume of 7,224,873. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. 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 moving average of $340.68 and a 200-day moving average of $320.74. The stock has a market cap of $611.69 billion, a PE ratio of 33.19, a P/E/G ratio of 2.33 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (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 anticipate that Visa Inc. will post 11.3 EPS for the current year.
Visa Announces Dividend
The business also recently declared 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 0.72%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is 23.79%.
Insider Activity at Visa
In related news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 143,205 shares of company stock worth $48,842,490. 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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