Visa Inc. (NYSE:V) Shares Purchased by Syon Capital LLC

Syon Capital LLC grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 7.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,137 shares of the credit-card processor's stock after buying an additional 1,190 shares during the period. Syon Capital LLC's holdings in Visa were worth $5,732,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in V. Norges Bank acquired a new stake in Visa during the fourth quarter valued at approximately $5,171,271,000. Vanguard Group Inc. raised its stake in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after acquiring an additional 7,079,706 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Visa during the fourth quarter worth approximately $1,955,403,000. Proficio Capital Partners LLC raised its holdings in shares of Visa by 17,018.7% in the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Sanders Capital LLC bought a new stake in shares of Visa during the 4th quarter worth $623,022,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of Visa stock opened at $331.74 on Wednesday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $339.57 and a 200-day simple moving average of $321.41. The stock has a market capitalization of $616.30 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa's dividend payout ratio (DPR) is 23.79%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Raymond James reissued an "outperform" rating and issued a $393.00 price target (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. StockNews.com lowered shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Evercore ISI initiated coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 target price on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Finally, Keefe, Bruyette & Woods reissued a "hold" rating on shares of Visa in a research note on Thursday, February 13th. Seven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Visa currently has an average rating of "Moderate Buy" and an average target price of $355.84.

Insider Activity

In other news, 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 transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,842,490. Corporate insiders own 0.13% of the company's stock.

Visa Company Profile

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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