Banco Santander S.A. lifted its holdings in shares of Visa Inc (NYSE:V) by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,546,496 shares of the credit-card processor’s stock after purchasing an additional 29,570 shares during the quarter. Visa accounts for 2.9% of Banco Santander S.A.’s holdings, making the stock its 4th largest position. Banco Santander S.A. owned 0.08% of Visa worth $249,172,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Stephenson National Bank & Trust bought a new position in Visa in the fourth quarter valued at approximately $28,000. Laffer Investments bought a new position in Visa in the fourth quarter valued at approximately $31,000. AlphaMark Advisors LLC increased its stake in Visa by 57.8% in the first quarter. AlphaMark Advisors LLC now owns 172 shares of the credit-card processor’s stock valued at $28,000 after acquiring an additional 63 shares during the last quarter. Sageworth Trust Co bought a new position in Visa in the fourth quarter valued at approximately $40,000. Finally, Lloyd Advisory Services LLC. bought a new position in Visa in the fourth quarter valued at approximately $43,000. 81.88% of the stock is currently owned by institutional investors.
V stock traded up $0.24 during midday trading on Friday, hitting $190.86. The stock had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The firm has a market cap of $370.47 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 3.03 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. Visa Inc has a 1-year low of $133.93 and a 1-year high of $214.17. The business has a fifty day moving average price of $173.48 and a two-hundred day moving average price of $183.49.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The firm had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. During the same period in the previous year, the firm posted $1.31 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts anticipate that Visa Inc will post 4.99 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.63%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s dividend payout ratio (DPR) is currently 22.06%.
A number of analysts have weighed in on the stock. Guggenheim lowered shares of Visa from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. KeyCorp cut their target price on shares of Visa from $220.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, March 23rd. Stephens cut their target price on shares of Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Cowen raised their target price on shares of Visa from $189.00 to $196.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wedbush raised their target price on shares of Visa from $170.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, April 27th. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $202.75.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of Visa stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the completion of the sale, the chief executive officer now directly owns 142,090 shares of the company’s stock, valued at $22,933,326. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 21,000 shares of company stock valued at $3,620,540. Insiders own 0.19% of the company’s stock.
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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