145,539 Shares in Visa Inc. $V Bought by Kepler Cheuvreux Suisse SA

Key Points

• Kepler Cheuvreux Suisse SA bought 145,539 shares of Visa in the third quarter (about $49.7M), making Visa its fifth-largest holding and representing 2.7% of the firm's portfolio.
• Analysts are broadly positive on Visa, with a consensus rating of Buy (7 Strong Buy, 20 Buy, 3 Hold) and an average price target of $392.65.
• Visa recently beat quarterly estimates (EPS $3.17 vs. $3.14; revenue $10.90B, up 14.6% YoY) and trades with a market cap of about $570.8B and a P/E of 29.5.

Kepler Cheuvreux Suisse SA purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 145,539 shares of the credit-card processor's stock, valued at approximately $49,665,000. Visa accounts for 2.7% of Kepler Cheuvreux Suisse SA's holdings, making the stock its 5th biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Visa by 50.1% in the 4th quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock valued at $6,522,000 after purchasing an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Visa by 68.9% in the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after purchasing an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. boosted its position in Visa by 4.6% during the first quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor's stock worth $3,834,000 after purchasing an additional 477 shares in the last quarter. Matrix Asset Advisors Inc. NY boosted its position in Visa by 16.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 1,133 shares of the credit-card processor's stock worth $402,000 after purchasing an additional 164 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its holdings in Visa by 5.1% in the second quarter. Sequoia Financial Advisors LLC now owns 231,510 shares of the credit-card processor's stock valued at $82,198,000 after purchasing an additional 11,334 shares during the period. Hedge funds and other institutional investors own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on V. UBS Group restated a "buy" rating on shares of Visa in a research report on Tuesday, January 13th. Bank of America started coverage on shares of Visa in a research note on Thursday, March 5th. They issued a "buy" rating and a $410.00 price target on the stock. Evercore set a $380.00 price target on shares of Visa in a report on Friday, December 12th. Weiss Ratings restated a "buy (b)" rating on shares of Visa in a research report on Wednesday, January 21st. Finally, Daiwa Securities Group raised shares of Visa from a "neutral" rating to an "outperform" rating and set a $370.00 price objective on the stock in a report on Monday, February 2nd. Seven equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $392.65.

Visa Price Performance

Shares of Visa stock opened at $314.44 on Wednesday. The business has a 50 day simple moving average of $328.02 and a two-hundred day simple moving average of $336.81. Visa Inc. has a 12 month low of $299.00 and a 12 month high of $375.51. The stock has a market capitalization of $570.77 billion, a P/E ratio of 29.50, a PEG ratio of 1.81 and a beta of 0.78. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

Visa (NYSE:V - Get Free Report) last released its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same quarter last year, the business posted $2.75 earnings per share. The business's quarterly revenue was up 14.6% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were issued a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa's dividend payout ratio (DPR) is presently 25.14%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer owned 9,401 shares of the company's stock, valued at $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world's largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa's network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa's product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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