Toronto Dominion Bank grew its holdings in Visa Inc. (NYSE:V - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 613,002 shares of the credit-card processor's stock after purchasing an additional 21,827 shares during the period. Toronto Dominion Bank's holdings in Visa were worth $193,723,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Visa in the fourth quarter valued at approximately $5,171,271,000. Vanguard Group Inc. grew its holdings in Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock worth $50,378,465,000 after acquiring an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Visa in the 4th quarter valued at approximately $1,955,403,000. Proficio Capital Partners LLC raised its stake in shares of Visa by 17,018.7% during the fourth quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock valued at $1,248,079,000 after acquiring an additional 3,926,049 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Visa by 18.0% during the fourth quarter. Northern Trust Corp now owns 18,260,714 shares of the credit-card processor's stock worth $5,771,116,000 after purchasing an additional 2,785,707 shares during the period. Institutional investors own 82.15% of the company's stock.
Analysts Set New Price Targets
Several research analysts have commented on the company. Jefferies Financial Group lifted their target price on Visa from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Tuesday. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research note on Friday, March 21st. Oppenheimer reissued an "outperform" rating on shares of Visa in a research report on Thursday, February 13th. Piper Sandler raised their price target on shares of Visa from $383.00 to $384.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $366.13.
View Our Latest Analysis on V
Insider Buying and Selling at Visa
In other Visa news, insider Paul D. Fabara sold 14,813 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The stock was sold at an average price of $355.04, for a total value of $5,259,207.52. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock valued at $41,548,282 in the last 90 days. 0.13% of the stock is currently owned by company insiders.
Visa Stock Performance
Shares of Visa stock traded up $2.82 during trading hours on Thursday, hitting $362.55. 4,585,148 shares of the company's stock traded hands, compared to its average volume of 7,002,296. The company has a fifty day simple moving average of $342.62 and a 200-day simple moving average of $332.80. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The stock has a market capitalization of $668.96 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.33 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $369.15.
Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.68 by $0.08. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm had revenue of $9.59 billion for the quarter, compared to analysts' expectations of $9.57 billion. During the same period in the previous year, the company earned $2.51 earnings per share. The company's quarterly revenue was up 9.3% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. Visa's dividend payout ratio is 23.72%.
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.
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