Capital International Sarl increased its holdings in shares of Visa Inc (NYSE:V) by 13.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,338 shares of the credit-card processor’s stock after purchasing an additional 8,288 shares during the period. Visa makes up 2.1% of Capital International Sarl’s holdings, making the stock its 7th biggest position. Capital International Sarl’s holdings in Visa were worth $13,404,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the stock. OLD Second National Bank of Aurora acquired a new position in shares of Visa in the fourth quarter valued at approximately $27,000. Sageworth Trust Co purchased a new position in Visa during the 4th quarter valued at about $40,000. Lloyd Advisory Services LLC. acquired a new stake in Visa in the 4th quarter worth approximately $43,000. TI Trust Inc. acquired a new position in shares of Visa during the fourth quarter worth approximately $44,000. Finally, CXI Advisors acquired a new position in shares of Visa in the fourth quarter valued at $45,000. 82.41% of the stock is owned by hedge funds and other institutional investors.
V stock traded up $5.85 during midday trading on Thursday, hitting $167.64. 8,252,216 shares of the stock traded hands, compared to its average volume of 19,172,908. The firm has a market cap of $303.27 billion, a P/E ratio of 30.59, a PEG ratio of 1.66 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.27 and a quick ratio of 1.27. The stock’s fifty day simple moving average is $186.24 and its 200-day simple moving average is $184.64. Visa Inc has a 1-year low of $133.93 and a 1-year high of $214.17.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $1.46 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.46. The company had revenue of $6.05 billion for the quarter, compared to analyst estimates of $6.08 billion. Visa had a net margin of 52.60% and a return on equity of 43.15%. The firm’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business earned $1.30 earnings per share. On average, research analysts predict that Visa Inc will post 6.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th were given a $0.30 dividend. This is a positive change from Visa’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.72%. Visa’s dividend payout ratio (DPR) is 22.06%.
V has been the topic of a number of research analyst reports. Raymond James raised their price target on Visa from $205.00 to $221.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 28th. Credit Suisse Group dropped their price target on Visa from $223.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday. Morgan Stanley dropped their price objective on Visa from $188.00 to $172.00 and set an “overweight” rating for the company in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $222.00 price target on shares of Visa in a research note on Monday, February 3rd. Finally, Jefferies Financial Group reduced their price target on Visa from to in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus price target of $214.15.
In related news, CAO James H. Hoffmeister sold 2,186 shares of Visa stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $208.71, for a total value of $456,240.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $189.31, for a total transaction of $1,325,170.00. Following the completion of the transaction, the chief executive officer now owns 150,514 shares of the company’s stock, valued at approximately $28,493,805.34. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,371 shares of company stock worth $7,814,759. Company insiders own 0.19% of the company’s stock.
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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