Van ECK Associates Corp Has $157.59 Million Position in Visa Inc. $V

Van ECK Associates Corp raised its stake in Visa Inc. (NYSE:V) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 461,624 shares of the credit-card processor’s stock after buying an additional 9,713 shares during the quarter. Van ECK Associates Corp’s holdings in Visa were worth $157,589,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in V. Sagard Holdings Management Inc. purchased a new stake in shares of Visa during the second quarter worth $31,000. Bare Financial Services Inc increased its position in Visa by 287.0% in the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares during the last quarter. Winnow Wealth LLC purchased a new stake in shares of Visa during the 2nd quarter worth about $40,000. Moisand Fitzgerald Tamayo LLC raised its stake in shares of Visa by 344.8% during the 3rd quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 100 shares in the last quarter. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Visa during the 3rd quarter valued at about $52,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 10,485 shares of Visa stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer directly owned 9,401 shares in the company, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

Visa Stock Down 0.5%

Shares of V opened at $314.44 on Wednesday. The business’s 50 day simple moving average is $328.02 and its 200-day simple moving average is $336.81. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market capitalization of $570.77 billion, a P/E ratio of 29.50, a PEG ratio of 1.81 and a beta of 0.78. Visa Inc. has a one year low of $299.00 and a one year high of $375.51.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company posted $2.75 EPS. Visa’s revenue was up 14.6% on a year-over-year basis. As a group, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Tuesday, February 10th. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on V shares. Royal Bank Of Canada restated an “outperform” rating and issued a $395.00 price objective on shares of Visa in a report on Friday, January 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $411.00 price objective (up from $398.00) on shares of Visa in a research note on Friday, January 30th. UBS Group reiterated a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Visa in a research report on Wednesday, January 21st. Finally, Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a research report on Monday, February 2nd. Seven research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $392.65.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.