MUFG Securities EMEA plc purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,065,000 shares of the credit-card processor's stock, valued at approximately $373,240,000. Visa makes up about 8.5% of MUFG Securities EMEA plc's investment portfolio, making the stock its 4th largest position. MUFG Securities EMEA plc owned 0.06% of Visa as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Visa by 50.1% during the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor's stock worth $6,522,000 after acquiring an additional 6,883 shares in the last quarter. Revolve Wealth Partners LLC increased its position in Visa by 68.9% during the fourth quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor's stock worth $3,733,000 after buying an additional 4,817 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc increased its position in Visa by 5.8% during the fourth quarter. Texas Capital Bank Wealth Management Services Inc now owns 4,177 shares of the credit-card processor's stock worth $1,320,000 after buying an additional 230 shares during the last quarter. Solano Wealth Investment Advisors LLC acquired a new position in Visa during the fourth quarter worth approximately $412,000. Finally, Jaffetilchin Investment Partners LLC increased its position in Visa by 3.7% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 20,304 shares of the credit-card processor's stock worth $6,417,000 after buying an additional 729 shares during the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,630 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the sale, the chief executive officer directly owned 537 shares of the company's stock, valued at approximately $190,001.34. This represents a 94.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Paul D. Fabara sold 11,636 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $375.00, for a total transaction of $4,363,500.00. Following the completion of the sale, the insider directly owned 26,413 shares in the company, valued at approximately $9,904,875. The trade was a 30.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 75,100 shares of company stock worth $27,643,224. 0.13% of the stock is owned by corporate insiders.
Visa Stock Performance
Shares of NYSE V traded down $0.84 during midday trading on Monday, hitting $335.94. 5,711,318 shares of the stock traded hands, compared to its average volume of 6,296,455. The firm has a 50-day moving average of $352.79 and a two-hundred day moving average of $347.26. The firm has a market capitalization of $615.70 billion, a P/E ratio of 32.81, a PEG ratio of 2.25 and a beta of 0.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $258.74 and a one year high of $375.51.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The credit-card processor reported $2.98 earnings per share for the quarter, beating analysts' consensus estimates of $2.85 by $0.13. The firm had revenue of $10.17 billion during the quarter, compared to analyst estimates of $9.82 billion. Visa had a return on equity of 58.93% and a net margin of 52.16%. The business's quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.42 earnings per share. On average, equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Shareholders of record on Tuesday, August 12th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, August 12th. Visa's dividend payout ratio is presently 23.05%.
Analyst Ratings Changes
A number of equities analysts have weighed in on V shares. BMO Capital Markets boosted their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 30th. UBS Group reissued a "buy" rating and set a $415.00 price target (up previously from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Jefferies Financial Group upped their target price on 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. Finally, Citigroup began coverage on Visa in a research report on Monday, June 2nd. They issued a "buy" rating for the company. Five analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $380.84.
Check Out Our Latest Research Report on V
Visa Company Profile
(
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.
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