Krane Funds Advisors LLC Acquires 878 Shares of Visa Inc. (NYSE:V)

Krane Funds Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 101.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,740 shares of the credit-card processor's stock after purchasing an additional 878 shares during the quarter. Krane Funds Advisors LLC's holdings in Visa were worth $610,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. NewSquare Capital LLC acquired a new position in shares of Visa during the 4th quarter valued at about $35,000. Sellwood Investment Partners LLC acquired a new position in shares of Visa during the 4th quarter valued at about $41,000. Mountain Hill Investment Partners Corp. acquired a new position in shares of Visa during the 4th quarter valued at about $47,000. Measured Risk Portfolios Inc. acquired a new position in shares of Visa during the 4th quarter valued at about $47,000. Finally, Navigoe LLC acquired a new position in shares of Visa during the 4th quarter valued at about $53,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group upped their target price on shares of Visa from $395.00 to $405.00 and gave the company a "buy" rating in a research report on Wednesday, May 28th. Jefferies Financial Group upped their target price on shares of Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a research note on Tuesday, May 27th. William Blair reiterated an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. The Goldman Sachs Group started coverage on shares of Visa in a research note on Monday, June 2nd. They issued a "neutral" rating on the stock. Finally, Mizuho upgraded shares of Visa from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $359.00 to $425.00 in a research report on Thursday, June 5th. Five equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $372.84.

Visa Stock Performance

Shares of NYSE:V traded down $2.21 on Monday, hitting $356.65. The company's stock had a trading volume of 5,135,922 shares, compared to its average volume of 6,843,617. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $375.51. The company has a market capitalization of $658.08 billion, a price-to-earnings ratio of 35.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.92. The stock's 50-day moving average is $356.17 and its two-hundred day moving average is $341.92. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.08.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.68 by $0.08. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. During the same quarter in the prior year, the business posted $2.51 earnings per share. The company's revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were paid a dividend of $0.59 per share. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.66%. Visa's dividend payout ratio is currently 23.72%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $353.82, for a total value of $3,053,466.60. Following the completion of the transaction, the chief executive officer owned 537 shares in the company, valued at $190,001.34. This trade represents a 94.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 46,214 shares of the firm's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $370.00, for a total value of $17,099,180.00. Following the sale, the insider owned 26,413 shares of the company's stock, valued at $9,772,810. The trade was a 63.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,108 shares of company stock worth $36,771,200 in the last quarter. 0.13% of the stock is owned by company insiders.

About Visa

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.