ProShare Advisors LLC boosted its position in Visa Inc. (NYSE:V - Free Report) by 20.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 551,757 shares of the credit-card processor's stock after purchasing an additional 95,540 shares during the period. ProShare Advisors LLC's holdings in Visa were worth $174,377,000 as of its most recent SEC filing.
A number of other institutional investors have also added to or reduced their stakes in V. Hirtle Callaghan & Co LLC boosted its position in Visa by 1.3% in the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after buying an additional 29 shares during the period. FWL Investment Management LLC increased its position in shares of Visa by 0.5% during the fourth quarter. FWL Investment Management LLC now owns 6,344 shares of the credit-card processor's stock worth $2,005,000 after acquiring an additional 29 shares during the period. Elevation Wealth Partners LLC raised its stake in shares of Visa by 3.3% in the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after acquiring an additional 30 shares in the last quarter. Warther Private Wealth LLC boosted its holdings in Visa by 1.0% in the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares during the period. Finally, Valmark Advisers Inc. boosted its holdings in Visa by 0.4% in the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock valued at $2,292,000 after purchasing an additional 30 shares during the period. 82.15% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other Visa news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the completion of the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $363.00, for a total value of $3,129,060.00. Following the sale, the chief executive officer now owns 537 shares in the company, valued at approximately $194,931. This trade represents a 94.14% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 121,948 shares of company stock worth $41,548,282. 0.13% of the stock is owned by corporate insiders.
Visa Stock Performance
Shares of V traded up $2.93 during mid-day trading on Friday, reaching $365.23. 5,829,909 shares of the company's stock were exchanged, compared to its average volume of 7,022,771. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $366.54. 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 $678.51 billion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The business's fifty day simple moving average is $338.59 and its 200-day simple moving average is $329.34.
Visa (NYSE:V - Get Free Report) last announced its 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 company had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company's revenue was up 9.3% on a year-over-year basis. During the same period last year, the business posted $2.51 EPS. On average, equities research analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Tuesday, May 13th. Visa's dividend payout ratio (DPR) is 23.72%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Visa from $331.00 to $363.00 and gave the company a "neutral" rating in a research report on Friday, January 31st. Barclays upped their target price on shares of Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. StockNews.com upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a report on Friday, January 31st. Finally, William Blair reissued an "outperform" rating on shares of Visa in a research report on Wednesday, April 30th. Six research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and a consensus target price of $362.38.
Check Out Our Latest Stock Analysis on V
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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