Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 6.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,124,986 shares of the credit-card processor's stock after purchasing an additional 63,504 shares during the period. Visa accounts for approximately 1.0% of Zurcher Kantonalbank Zurich Cantonalbank's holdings, making the stock its 14th largest holding. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Visa worth $355,541,000 at the end of the most recent quarter.
Several other institutional investors have also recently bought and sold shares of V. Swedbank AB grew its stake in shares of Visa by 10.7% during the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor's stock valued at $566,153,000 after purchasing an additional 199,440 shares during the last quarter. Howard Capital Management Group LLC lifted its holdings 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 in the last quarter. Pettinga Financial Advisors LLC acquired a new position in Visa during the 3rd quarter worth $228,000. Principal Financial Group Inc. boosted its position in Visa by 7.7% in 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 buying an additional 411,210 shares during the last quarter. Finally, Pegasus Partners Ltd. increased its stake in shares of Visa by 6.5% in the 3rd quarter. Pegasus Partners Ltd. now owns 18,437 shares of the credit-card processor's stock valued at $5,069,000 after buying an additional 1,121 shares during the period. Institutional investors own 82.15% of the company's stock.
Visa Trading Up 0.5 %
Visa stock opened at $345.79 on Monday. The company has a market cap of $642.41 billion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.33 and a beta of 0.95. The firm has a 50-day moving average of $336.18 and a 200-day moving average of $308.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $366.54.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. On average, equities analysts expect that Visa Inc. will post 11.3 earnings per share 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 paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's dividend payout ratio is presently 23.79%.
Insider Buying and Selling
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 64,505 shares of company stock worth $22,290,507. Insiders own 0.13% of the company's stock.
Analyst Ratings Changes
V has been the topic of several research reports. Oppenheimer reaffirmed an "outperform" rating on shares of Visa in a research note on Thursday, February 13th. Susquehanna upped their target price on shares of Visa from $395.00 to $410.00 and gave the company a "positive" rating in a research report on Friday, February 21st. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, UBS Group lifted their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Six equities research 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $353.96.
Check Out Our Latest Analysis on V
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.
See Also
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