Vantage Investment Partners LLC boosted its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 45.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 30,044 shares of the credit-card processor’s stock after purchasing an additional 9,366 shares during the period. Vantage Investment Partners LLC’s holdings in Visa were worth $7,822,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of V. CNB Bank raised its holdings in shares of Visa by 7.2% during the fourth quarter. CNB Bank now owns 8,485 shares of the credit-card processor’s stock valued at $2,209,000 after acquiring an additional 568 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in shares of Visa by 1.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 19,614 shares of the credit-card processor’s stock valued at $5,119,000 after acquiring an additional 296 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in shares of Visa by 0.5% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 74,167 shares of the credit-card processor’s stock valued at $19,309,000 after acquiring an additional 344 shares during the last quarter. J.W. Cole Advisors Inc. raised its holdings in shares of Visa by 15.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 17,671 shares of the credit-card processor’s stock valued at $4,601,000 after acquiring an additional 2,362 shares during the last quarter. Finally, Castle Wealth Management LLC raised its holdings in shares of Visa by 2.9% during the fourth quarter. Castle Wealth Management LLC now owns 4,230 shares of the credit-card processor’s stock valued at $1,101,000 after acquiring an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.
Analysts Set New Price Targets
V has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 17th. Wedbush increased their price target on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned 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 $298.43.
Get Our Latest Research Report on Visa
Insiders Place Their Bets
In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock valued at $5,256,352 in the last ninety days. Insiders own 0.19% of the company’s stock.
Visa Trading Down 0.6 %
NYSE:V opened at $269.78 on Monday. The firm has a market cap of $495.45 billion, a PE ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The stock has a fifty day moving average price of $279.58 and a 200 day moving average price of $263.35. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.
Visa (NYSE:V – Get Free Report) last released its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.18 earnings per share. Sell-side analysts anticipate that Visa Inc. will post 9.88 earnings per share for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.
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.
Further Reading
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