Cape Cod Five Cents Savings Bank boosted its stake in shares of Visa Inc (NYSE:V) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,514 shares of the credit-card processor’s stock after acquiring an additional 802 shares during the period. Cape Cod Five Cents Savings Bank’s holdings in Visa were worth $5,346,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Highwater Wealth Management LLC bought a new position in shares of Visa in the 4th quarter valued at $33,000. Contravisory Investment Management Inc. increased its stake in shares of Visa by 180.9% in the 4th quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock valued at $52,000 after purchasing an additional 255 shares during the last quarter. G&S Capital LLC increased its stake in shares of Visa by 86.0% in the 4th quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock valued at $68,000 after purchasing an additional 240 shares during the last quarter. O Dell Group LLC bought a new position in shares of Visa in the 3rd quarter valued at $200,000. Finally, Quadrant Private Wealth Management LLC bought a new position in shares of Visa in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.
V has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated a “buy” rating and issued a $160.00 price target on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group initiated coverage on Visa in a research note on Monday, January 28th. They issued a “buy” rating and a $135.99 price target on the stock. SunTrust Banks reiterated an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. Wedbush lifted their price target on Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. One research analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $163.23.
NYSE V opened at $155.46 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50. Visa Inc has a twelve month low of $116.03 and a twelve month high of $156.82. The firm has a market cap of $312.07 billion, a P/E ratio of 33.72, a PEG ratio of 1.73 and a beta of 1.00.
Visa (NYSE:V) last released its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.05. Visa had a return on equity of 39.32% and a net margin of 50.61%. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.41 billion. During the same quarter last year, the business posted $1.08 EPS. Visa’s revenue for the quarter was up 13.2% on a year-over-year basis. On average, analysts forecast that Visa Inc will post 5.32 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Friday, February 15th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend was Thursday, February 14th. Visa’s payout ratio is presently 21.69%.
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Visa Company Profile
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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