Fiduciary Group LLC raised its position in Visa Inc (NYSE:V) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,855 shares of the credit-card processor’s stock after buying an additional 1,847 shares during the quarter. Visa accounts for 1.3% of Fiduciary Group LLC’s holdings, making the stock its 23rd biggest holding. Fiduciary Group LLC’s holdings in Visa were worth $6,583,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rowland & Co. Investment Counsel ADV lifted its holdings in Visa by 4.4% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 1,183 shares of the credit-card processor’s stock worth $222,000 after acquiring an additional 50 shares during the period. Pratt Collard Advisory Partners LLC lifted its holdings in Visa by 3.6% during the fourth quarter. Pratt Collard Advisory Partners LLC now owns 1,445 shares of the credit-card processor’s stock worth $272,000 after acquiring an additional 50 shares during the period. Capital Investment Counsel Inc lifted its holdings in Visa by 0.3% during the fourth quarter. Capital Investment Counsel Inc now owns 17,031 shares of the credit-card processor’s stock worth $3,200,000 after acquiring an additional 50 shares during the period. Private Advisory Group LLC lifted its holdings in Visa by 3.0% during the fourth quarter. Private Advisory Group LLC now owns 1,758 shares of the credit-card processor’s stock worth $330,000 after acquiring an additional 51 shares during the period. Finally, Weaver Consulting Group lifted its holdings in Visa by 12.9% during the fourth quarter. Weaver Consulting Group now owns 445 shares of the credit-card processor’s stock worth $77,000 after acquiring an additional 51 shares during the period. 81.88% of the stock is currently owned by hedge funds and other institutional investors.
V has been the subject of a number of recent research reports. Wedbush raised their target price on Visa from $170.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, April 27th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday, February 12th. Guggenheim downgraded Visa from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 22nd. SunTrust Banks raised their target price on Visa from $190.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, KeyCorp decreased their target price on Visa from $220.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, March 23rd. Five equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Visa currently has an average rating of “Buy” and a consensus price target of $202.75.
V stock traded up $0.24 during mid-day trading on Friday, hitting $190.86. 5,581,642 shares of the stock were exchanged, compared to its average volume of 9,964,502. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The business has a fifty day moving average price of $173.48 and a 200 day moving average price of $183.49. Visa Inc has a 12 month low of $133.93 and a 12 month high of $214.17. The stock has a market capitalization of $370.47 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 3.03 and a beta of 0.92.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm had revenue of $5.85 billion during the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the previous year, the company posted $1.31 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, equities analysts forecast that Visa Inc will post 4.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 22.06%.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the completion of the transaction, the chief executive officer now owns 139,090 shares of the company’s stock, valued at approximately $25,283,780.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 21,000 shares of company stock valued at $3,620,540. 0.19% of the stock is currently owned by corporate insiders.
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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