Bearing Point Capital LLC Purchases Shares of 35,276 Visa Inc. (NYSE:V)

Bearing Point Capital LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,276 shares of the credit-card processor's stock, valued at approximately $11,149,000. Visa comprises approximately 2.3% of Bearing Point Capital LLC's holdings, making the stock its 6th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Visa by 7.7% during the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor's stock worth $1,576,366,000 after acquiring an additional 411,210 shares during the last quarter. Modus Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth $32,000. Nordea Investment Management AB grew its position in shares of Visa by 0.4% in the fourth quarter. Nordea Investment Management AB now owns 4,079,682 shares of the credit-card processor's stock valued at $1,292,321,000 after purchasing an additional 14,778 shares during the period. Pensionfund Sabic increased its stake in Visa by 43.1% in the fourth quarter. Pensionfund Sabic now owns 16,600 shares of the credit-card processor's stock valued at $5,246,000 after purchasing an additional 5,000 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its position in Visa by 3.2% during the fourth quarter. CWA Asset Management Group LLC now owns 64,287 shares of the credit-card processor's stock worth $20,317,000 after buying an additional 1,965 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total value of $889,868.50. Following the sale, the general counsel now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This trade represents a 17.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now owns 4,488 shares of the company's stock, valued at approximately $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 143,208 shares of company stock worth $48,905,978 over the last 90 days. Insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

V has been the subject of a number of research analyst reports. Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays increased their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Wednesday, April 16th. Finally, UBS Group cut their price objective on Visa from $400.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 30th. Seven equities research analysts have rated the stock with a hold rating, twenty 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 currently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Down 0.1 %

V stock traded down $0.36 during mid-day trading on Tuesday, hitting $348.28. 3,429,903 shares of the company were exchanged, compared to its average volume of 7,223,001. The firm has a fifty day simple moving average of $337.57 and a 200 day simple moving average of $325.48. The company has a market capitalization of $647.02 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 54.79% and a net margin of 54.27%. The firm had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. Visa's quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio is presently 23.72%.

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.