LSV Asset Management Reduces Holdings in Visa (V)

LSV Asset Management reduced its position in Visa (NYSE:V) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,700 shares of the credit-card processor’s stock after selling 1,100 shares during the period. LSV Asset Management’s holdings in Visa were worth $1,676,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Beach Investment Management LLC. increased its holdings in shares of Visa by 455.7% during the 2nd quarter. Beach Investment Management LLC. now owns 144,089 shares of the credit-card processor’s stock valued at $13,513,000 after acquiring an additional 118,159 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in shares of Visa by 10.0% during the 2nd quarter. CWA Asset Management Group LLC now owns 24,401 shares of the credit-card processor’s stock valued at $2,288,000 after acquiring an additional 2,217 shares during the last quarter. Teachers Advisors LLC increased its holdings in shares of Visa by 0.6% during the 2nd quarter. Teachers Advisors LLC now owns 4,511,717 shares of the credit-card processor’s stock valued at $423,109,000 after acquiring an additional 25,336 shares during the last quarter. Roosevelt Investment Group Inc. increased its holdings in shares of Visa by 16.4% during the 2nd quarter. Roosevelt Investment Group Inc. now owns 120,787 shares of the credit-card processor’s stock valued at $11,327,000 after acquiring an additional 17,051 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH increased its holdings in shares of Visa by 1.0% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 12,467 shares of the credit-card processor’s stock valued at $1,169,000 after acquiring an additional 122 shares during the last quarter. 81.52% of the stock is currently owned by institutional investors.

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In other Visa news, EVP Lynne Biggar sold 1,712 shares of the firm’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by company insiders.

Shares of V stock opened at $117.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa has a 12 month low of $88.13 and a 12 month high of $126.88. The company has a market capitalization of $246,872.95, a price-to-earnings ratio of 33.82, a PEG ratio of 1.58 and a beta of 0.99.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The company had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. equities research analysts forecast that Visa will post 4.38 EPS for the current year.

Visa declared that its Board of Directors has initiated a share buyback program on Thursday, February 1st that authorizes the company to repurchase $7.50 billion in shares. This repurchase authorization authorizes the credit-card processor to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

A number of brokerages have recently commented on V. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Visa in a report on Thursday, February 1st. KeyCorp increased their price objective on Visa from $125.00 to $140.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Cantor Fitzgerald increased their price objective on Visa to $141.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Citigroup reissued a “buy” rating and set a $145.00 price objective (up previously from $136.00) on shares of Visa in a report on Monday, January 29th. Finally, Oppenheimer increased their price objective on Visa from $125.00 to $143.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Three research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $135.19.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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