Quadrant Capital Group LLC Increases Holdings in Visa Inc. (NYSE:V)

Quadrant Capital Group LLC increased its stake in shares of Visa Inc. (NYSE:V) by 4.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 17,797 shares of the credit-card processor’s stock after purchasing an additional 784 shares during the period. Quadrant Capital Group LLC’s holdings in Visa were worth $5,624,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in V. Ilmarinen Mutual Pension Insurance Co boosted its holdings in Visa by 52.2% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 317,960 shares of the credit-card processor’s stock valued at $100,488,000 after purchasing an additional 109,000 shares during the period. Russell Investments Group Ltd. grew its position in Visa by 8.0% during the fourth quarter. Russell Investments Group Ltd. now owns 1,580,091 shares of the credit-card processor’s stock worth $499,257,000 after buying an additional 117,463 shares in the last quarter. Hurley Capital LLC purchased a new position in Visa during the fourth quarter worth about $56,000. Hemenway Trust Co LLC increased its stake in Visa by 16.8% in the 4th quarter. Hemenway Trust Co LLC now owns 2,340 shares of the credit-card processor’s stock worth $740,000 after acquiring an additional 337 shares during the last quarter. Finally, Wedbush Securities Inc. raised its holdings in shares of Visa by 1.6% in the 4th quarter. Wedbush Securities Inc. now owns 62,348 shares of the credit-card processor’s stock valued at $19,704,000 after acquiring an additional 953 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating on shares of Visa in a report on Thursday, February 13th. Barclays increased their price target on shares of Visa from $361.00 to $396.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Visa from $340.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Raymond James reiterated an “outperform” rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Visa in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average price target of $355.84.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the completion of the transaction, the chief executive officer now owns 537 shares in the company, valued at approximately $188,186.28. The trade was a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at approximately $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by corporate insiders.

Visa Stock Down 7.6 %

Shares of NYSE V opened at $313.46 on Friday. The firm has a fifty day simple moving average of $345.02 and a two-hundred day simple moving average of $317.07. The firm has a market capitalization of $582.34 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were paid a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 23.79%.

Visa 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.