Visa Inc. (NYSE:V) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC grew its holdings in shares of Visa Inc. (NYSE:V - Free Report) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 144,949 shares of the credit-card processor's stock after purchasing an additional 14,697 shares during the period. Visa accounts for 1.0% of Vanguard Personalized Indexing Management LLC's portfolio, making the stock its 14th biggest position. Vanguard Personalized Indexing Management LLC's holdings in Visa were worth $37,738,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC grew its position in shares of Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor's stock worth $1,233,338,000 after acquiring an additional 4,710,188 shares during the last quarter. FMR LLC grew its position in shares of Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor's stock worth $11,582,785,000 after acquiring an additional 2,257,605 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Visa during the third quarter worth about $358,349,000. The Manufacturers Life Insurance Company grew its position in Visa by 34.1% in the 3rd 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 buying an additional 999,167 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor's stock valued at $916,174,000 after buying an additional 871,439 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company's stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company's stock, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

V has been the subject of a number of recent analyst reports. Redburn Atlantic reiterated a "neutral" rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the company an "outperform" rating in a research report on Wednesday, April 17th. Mizuho increased their target price on shares of Visa from $265.00 to $275.00 and gave the company a "neutral" rating in a research report on Thursday, May 2nd. TD Cowen initiated coverage on shares of Visa in a research report on Thursday, April 11th. They issued a "buy" rating and a $320.00 target price for the company. Finally, UBS Group increased their target price on shares of Visa from $315.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, April 24th. Five investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $303.76.

Visa Stock Up 1.4 %

Shares of V stock traded up $3.79 during trading on Wednesday, hitting $281.53. 21,287,347 shares of the company were exchanged, compared to its average volume of 6,333,699. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40. The firm has a market capitalization of $514.90 billion, a price-to-earnings ratio of 31.34, a P/E/G ratio of 1.91 and a beta of 0.95. The business's 50-day simple moving average is $277.45 and its 200 day simple moving average is $267.99. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts' expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $2.09 earnings per share. As a group, analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 16th. Visa's payout ratio is presently 23.24%.

About Visa

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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