Forum Financial Management LP lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 13.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,047 shares of the credit-card processor's stock after purchasing an additional 1,208 shares during the period. Forum Financial Management LP's holdings in Visa were worth $3,175,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Visa in the 4th quarter worth about $5,171,271,000. Vanguard Group Inc. grew its position in shares of Visa by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 159,405,343 shares of the credit-card processor's stock valued at $50,378,465,000 after buying an additional 7,079,706 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Visa during the 4th quarter valued at about $1,955,403,000. Proficio Capital Partners LLC grew its position in Visa by 17,018.7% during the 4th quarter. Proficio Capital Partners LLC now owns 3,949,118 shares of the credit-card processor's stock worth $1,248,079,000 after purchasing an additional 3,926,049 shares in the last quarter. Finally, Northern Trust Corp grew its position in Visa by 18.0% during the 4th 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 in the last quarter. Institutional investors own 82.15% of the company's stock.
Visa Price Performance
Shares of NYSE:V traded up $5.67 during midday trading on Tuesday, reaching $359.21. 6,312,180 shares of the company's stock were exchanged, compared to its average volume of 7,023,621. The company's 50 day simple moving average is $341.75 and its two-hundred day simple moving average is $332.43. The firm has a market capitalization of $662.80 billion, a PE ratio of 36.21, a price-to-earnings-growth 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. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.51 EPS. Equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.
Visa Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is currently 23.72%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on V. Wells Fargo & Company lifted their target price on Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Visa from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Tuesday. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Finally, BMO Capital Markets increased their price target on shares of Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 30th. Six investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and a consensus price target of $365.71.
Check Out Our Latest Research Report on V
Insider Buying and Selling
In other Visa news, insider Paul D. Fabara sold 39,350 shares of the firm's stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company's stock, valued at $194,931. The trade was a 94.14% decrease in their position. The disclosure for this sale can be found here. Insiders sold 121,948 shares of company stock worth $41,548,282 in the last quarter. 0.13% of the stock is owned by corporate insiders.
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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