Bfsg LLC bought a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,528 shares of the credit-card processor's stock, valued at approximately $919,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its position in shares of Visa by 17,418.7% in the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor's stock valued at $1,233,338,000 after acquiring an additional 4,710,188 shares during the period. FMR LLC boosted its position in shares of Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Visa in the third quarter valued at approximately $358,349,000. The Manufacturers Life Insurance Company boosted its position in shares of Visa by 34.1% in the third quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor's stock valued at $903,955,000 after acquiring an additional 999,167 shares during the period. Finally, Envestnet Asset Management Inc. boosted its position in shares of Visa by 28.0% in the third quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor's stock valued at $916,174,000 after acquiring an additional 871,439 shares during the period. Institutional investors own 82.15% of the company's stock.
Insider Activity
In related news, CEO Ryan Mcinerney sold 8,150 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company's stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business's stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares of the company's stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company's stock.
Visa Trading Up 0.1 %
NYSE:V traded up $0.14 during trading hours on Thursday, hitting $275.16. The company had a trading volume of 8,058,103 shares, compared to its average volume of 5,940,838. The company has a market capitalization of $505.33 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The stock has a 50-day moving average price of $279.32 and a 200 day moving average price of $264.05. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.
Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.72%. The business had revenue of $8.78 billion for the quarter, compared to analysts' expectations of $8.62 billion. During the same quarter in the previous year, the business posted $2.09 earnings per share. The firm's revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa's dividend payout ratio (DPR) is presently 23.24%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on V shares. Citigroup raised their price objective on shares of Visa from $314.00 to $321.00 and gave the company a "buy" rating in a research report on Wednesday. UBS Group raised their price objective on shares of Visa from $315.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday. Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the company an "outperform" rating in a research note on Wednesday. Evercore ISI raised their target price on shares of Visa from $325.00 to $335.00 and gave the company an "outperform" rating in a research note on Tuesday, March 26th. Finally, Oppenheimer raised their target price on shares of Visa from $297.00 to $299.00 and gave the company an "outperform" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $302.58.
Read Our Latest Analysis on Visa
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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