MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stock Position in Visa Inc. (NYSE:V)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Visa Inc. (NYSE:V - Free Report) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 227,924 shares of the credit-card processor's stock after purchasing an additional 12,298 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Visa were worth $72,033,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MJP Associates Inc. ADV lifted its holdings in Visa by 17.4% in the fourth quarter. MJP Associates Inc. ADV now owns 7,076 shares of the credit-card processor's stock valued at $2,236,000 after acquiring an additional 1,049 shares during the period. Moore Capital Management LP purchased a new stake in Visa during the fourth quarter worth $15,098,000. Leigh Baldwin & CO. LLC acquired a new stake in Visa during the fourth quarter valued at $174,826,000. LMR Partners LLP acquired a new position in shares of Visa in the fourth quarter worth about $2,467,000. Finally, Lionshead Wealth Management LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $271,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. StockNews.com upgraded Visa from a "hold" rating to a "buy" rating in a research report on Monday. Susquehanna reiterated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Evercore ISI assumed coverage on shares of Visa in a report on Wednesday, April 9th. They issued an "in-line" rating and a $330.00 price target for the company. Finally, William Blair restated an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Six equities research 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's stock. According to MarketBeat, Visa presently has an average rating of "Moderate Buy" and a consensus price target of $362.38.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the business'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 sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the sale, the insider now directly owns 26,413 shares in the company, valued at $9,377,671.52. This represents a 35.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 121,948 shares of company stock worth $41,548,282 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Visa Trading Up 1.5%

Shares of V traded up $5.41 during mid-day trading on Thursday, reaching $361.87. The stock had a trading volume of 5,822,144 shares, compared to its average volume of 7,097,547. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. The firm has a market cap of $672.27 billion, a price-to-earnings ratio of 36.48, a P/E/G ratio of 2.33 and a beta of 0.96. The business's fifty day moving average is $337.51 and its 200 day moving average is $328.23. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.68 by $0.08. The business had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business's revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.51 EPS. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa's dividend payout ratio (DPR) is 23.72%.

Visa Company Profile

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.