Houlihan Financial Resource Group Ltd. Purchases 5,907 Shares of Visa Inc. $V

Houlihan Financial Resource Group Ltd. boosted its position in Visa Inc. (NYSE:VFree Report) by 113.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,134 shares of the credit-card processor’s stock after buying an additional 5,907 shares during the period. Visa comprises about 1.4% of Houlihan Financial Resource Group Ltd.’s portfolio, making the stock its 22nd biggest holding. Houlihan Financial Resource Group Ltd.’s holdings in Visa were worth $3,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in V. Corient Private Wealth LLC boosted its stake in Visa by 110.4% in the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock valued at $1,396,930,000 after purchasing an additional 2,075,289 shares during the period. Holocene Advisors LP boosted its stake in Visa by 286.4% in the 3rd quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock valued at $862,335,000 after purchasing an additional 1,872,362 shares during the period. SG Americas Securities LLC boosted its stake in Visa by 121.7% in the 4th quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock valued at $1,059,990,000 after purchasing an additional 1,658,954 shares during the period. Danske Bank A S bought a new stake in Visa in the 3rd quarter valued at $565,684,000. Finally, Capital Research Global Investors boosted its stake in Visa by 73.4% in the 3rd quarter. Capital Research Global Investors now owns 3,197,405 shares of the credit-card processor’s stock valued at $1,091,528,000 after purchasing an additional 1,353,441 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the transaction, the director owned 2,679 shares of the company’s stock, valued at $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 31,455 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $5,161,284.36. The trade was a 67.46% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 42,744 shares of company stock valued at $14,356,010 in the last 90 days. Corporate insiders own 0.12% of the company’s stock.

Visa News Roundup

Here are the key news stories impacting Visa this week:

Visa Price Performance

Visa stock opened at $324.77 on Friday. 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 Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The stock has a market capitalization of $582.56 billion, a P/E ratio of 28.29, a price-to-earnings-growth ratio of 1.75 and a beta of 0.78. The stock has a fifty day moving average of $314.30 and a 200-day moving average of $325.03.

Visa (NYSE:VGet Free Report) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $10.75 billion. During the same quarter in the previous year, the firm earned $2.76 EPS. Visa’s revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts expect that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Shareholders 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 is presently 23.34%.

Analyst Ratings Changes

A number of analysts have recently weighed in on V shares. Raymond James Financial reiterated an “outperform” rating and set a $389.00 target price on shares of Visa in a research report on Wednesday, April 29th. UBS Group upped their target price on Visa from $390.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Oppenheimer reiterated an “outperform” rating and set a $403.00 target price (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Macquarie Infrastructure reiterated an “outperform” rating and set a $410.00 target price on shares of Visa in a research report on Friday, January 30th. Finally, Weiss Ratings downgraded Visa from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, April 16th. Six investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Visa has an average rating of “Buy” and a consensus target price of $386.70.

Check Out Our Latest Stock Report on V

Visa Company Profile

(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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