Global Retirement Partners LLC Raises Holdings in Visa Inc. $V

Global Retirement Partners LLC raised its holdings in shares of Visa Inc. (NYSE:VFree Report) by 6.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 53,811 shares of the credit-card processor’s stock after acquiring an additional 3,469 shares during the quarter. Global Retirement Partners LLC’s holdings in Visa were worth $18,872,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in V. Great Diamond Partners LLC boosted its stake in shares of Visa by 1.1% in the 4th quarter. Great Diamond Partners LLC now owns 6,382 shares of the credit-card processor’s stock worth $2,238,000 after buying an additional 72 shares during the last quarter. KDT Advisors LLC boosted its stake in shares of Visa by 4.7% in the 4th quarter. KDT Advisors LLC now owns 3,927 shares of the credit-card processor’s stock worth $1,377,000 after buying an additional 177 shares during the last quarter. Twin Capital Management Inc. boosted its stake in shares of Visa by 1.7% in the 4th quarter. Twin Capital Management Inc. now owns 24,133 shares of the credit-card processor’s stock worth $8,464,000 after buying an additional 406 shares during the last quarter. Financial Synergies Wealth Advisors Inc. purchased a new position in shares of Visa in the 4th quarter worth $222,000. Finally, Mach 1 Financial Group LLC boosted its stake in shares of Visa by 237.7% in the 4th quarter. Mach 1 Financial Group LLC now owns 7,025 shares of the credit-card processor’s stock worth $2,464,000 after buying an additional 4,945 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lloyd Carney sold 650 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the transaction, the director directly owned 2,679 shares of the company’s stock, valued at approximately $829,471.98. This trade represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the firm’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $340.14, for a total value of $10,699,103.70. Following the completion of the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at approximately $5,161,284.36. This represents a 67.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 42,744 shares of company stock valued at $14,356,010. 0.12% of the stock is owned by company insiders.

More Visa News

Here are the key news stories impacting Visa this week:

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on V. Weiss Ratings downgraded Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, April 16th. Daiwa Securities Group upgraded Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price target on the stock in a research note on Monday, February 2nd. Macquarie Infrastructure restated an “outperform” rating and issued a $410.00 price target on shares of Visa in a research note on Friday, January 30th. Oppenheimer restated an “outperform” rating and issued a $403.00 price target (up from $391.00) on shares of Visa in a research note on Wednesday, April 29th. Finally, UBS Group raised their price target on Visa from $390.00 to $410.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Six equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $387.67.

Check Out Our Latest Stock Report on Visa

Visa Price Performance

Shares of Visa stock opened at $331.18 on Thursday. Visa Inc. has a one year low of $293.89 and a one year high of $375.51. The stock’s fifty day moving average is $312.03 and its 200 day moving average is $325.46. The stock has a market cap of $594.06 billion, a P/E ratio of 28.85, a P/E/G ratio of 1.76 and a beta of 0.78. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.09 and a current ratio of 1.09.

Visa (NYSE:VGet Free Report) last announced its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. Visa had a return on equity of 65.00% and a net margin of 51.68%.The company had revenue of $11.23 billion for the quarter, compared to analysts’ expectations of $10.75 billion. During the same period last year, the firm earned $2.76 EPS. Visa’s revenue for the quarter was up 17.1% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current year.

Visa declared that its Board of Directors has approved a share buyback program on Tuesday, April 28th that authorizes the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to repurchase up to 3.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Tuesday, May 12th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, May 12th. Visa’s dividend payout ratio (DPR) is currently 23.34%.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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