Joel Isaacson & Co. LLC boosted its position in Visa Inc (NYSE:V) by 12.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,046 shares of the credit-card processor’s stock after purchasing an additional 456 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Visa were worth $559,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in V. Capital Investment Advisors LLC grew its stake in Visa by 2.2% in the fourth quarter. Capital Investment Advisors LLC now owns 22,110 shares of the credit-card processor’s stock valued at $2,917,000 after purchasing an additional 479 shares in the last quarter. Howard Capital Management bought a new position in Visa in the fourth quarter valued at approximately $11,851,000. Peregrine Capital Management LLC grew its stake in Visa by 2.5% in the fourth quarter. Peregrine Capital Management LLC now owns 212,375 shares of the credit-card processor’s stock valued at $28,021,000 after purchasing an additional 5,178 shares in the last quarter. Advisors Capital Management LLC grew its stake in Visa by 16.3% in the fourth quarter. Advisors Capital Management LLC now owns 2,997 shares of the credit-card processor’s stock valued at $395,000 after purchasing an additional 420 shares in the last quarter. Finally, Wealth Architects LLC bought a new position in Visa in the fourth quarter valued at approximately $207,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have weighed in on V shares. Piper Jaffray Companies restated an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. Jefferies Financial Group started coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 target price for the company. Cantor Fitzgerald reiterated a “buy” rating and set a $160.00 target price on shares of Visa in a research note on Thursday, January 31st. Raymond James reiterated an “outperform” rating and set a $152.00 target price (down from $167.00) on shares of Visa in a research note on Thursday, January 31st. Finally, SunTrust Banks reiterated an “outperform” rating and set a $250.00 target price on shares of Visa in a research note on Friday, February 1st. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $163.74.
In related news, EVP Tullier Kelly Mahon sold 91,046 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $156.29, for a total value of $14,229,579.34. Following the completion of the sale, the executive vice president now directly owns 120,602 shares in the company, valued at approximately $18,848,886.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Ellen Richey sold 81,005 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The disclosure for this sale can be found here. Insiders sold a total of 193,531 shares of company stock valued at $28,797,949 over the last 90 days. 0.17% of the stock is currently owned by corporate insiders.
V opened at $153.07 on Friday. The firm has a market capitalization of $308.63 billion, a P/E ratio of 33.20, a PEG ratio of 1.75 and a beta of 1.00. Visa Inc has a 1 year low of $116.03 and a 1 year high of $156.82. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to the consensus estimate of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.08 EPS. On average, research analysts expect that Visa Inc will post 5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were paid a $0.25 dividend. The ex-dividend date was Thursday, February 14th. This represents a $1.00 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is presently 21.69%.
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Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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