MCIA Inc reduced its stake in shares of Visa Inc. (NYSE:V – Get Rating) by 77.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,901 shares of the credit-card processor’s stock after selling 13,637 shares during the quarter. MCIA Inc’s holdings in Visa were worth $862,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of V. Bishop Rock Capital L.P. grew its position in shares of Visa by 20,610.1% in the second quarter. Bishop Rock Capital L.P. now owns 5,031,721 shares of the credit-card processor’s stock valued at $25,556,000 after purchasing an additional 5,007,425 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of Visa by 290.9% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,428,383 shares of the credit-card processor’s stock valued at $786,702,000 after purchasing an additional 3,295,642 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Visa by 7.0% in the third quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor’s stock valued at $4,821,741,000 after purchasing an additional 1,785,695 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Visa by 222.7% during the second quarter. Voya Investment Management LLC now owns 2,499,636 shares of the credit-card processor’s stock valued at $492,154,000 after buying an additional 1,724,984 shares during the period. Finally, Great West Life Assurance Co. Can purchased a new position in shares of Visa during the third quarter valued at approximately $291,294,000. 81.87% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on V shares. Wolfe Research upped their price objective on shares of Visa from $240.00 to $255.00 in a research note on Thursday, January 5th. Mizuho upped their price objective on shares of Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a research note on Monday, January 30th. JPMorgan Chase & Co. upped their price objective on shares of Visa from $243.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Wells Fargo & Company upped their price objective on shares of Visa from $250.00 to $265.00 and gave the company an “overweight” rating in a research note on Friday, January 27th. Finally, BMO Capital Markets upped their price objective on shares of Visa from $249.00 to $253.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $259.11.
Insider Activity at Visa
Visa Price Performance
Visa stock opened at $217.39 on Friday. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $234.30. The firm has a fifty day moving average of $223.62 and a 200-day moving average of $208.33. The firm has a market capitalization of $408.91 billion, a P/E ratio of 30.40, a PEG ratio of 1.70 and a beta of 0.97. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59.
Visa (NYSE:V – Get Rating) last released its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the business earned $1.81 EPS. As a group, analysts predict that Visa Inc. will post 8.43 EPS for the current year.
Visa Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is presently 25.17%.
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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