Visa Inc. $V Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. raised its holdings in Visa Inc. (NYSE:VFree Report) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 545,086 shares of the credit-card processor’s stock after acquiring an additional 21,581 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Visa were worth $191,167,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Ilmarinen Mutual Pension Insurance Co raised its holdings in Visa by 5.9% in the 4th quarter. Ilmarinen Mutual Pension Insurance Co now owns 336,260 shares of the credit-card processor’s stock valued at $117,930,000 after acquiring an additional 18,600 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Visa by 0.7% in the 4th quarter. Moors & Cabot Inc. now owns 71,075 shares of the credit-card processor’s stock valued at $24,927,000 after acquiring an additional 486 shares during the last quarter. EagleClaw Capital Managment LLC increased its stake in shares of Visa by 0.3% in the 4th quarter. EagleClaw Capital Managment LLC now owns 23,852 shares of the credit-card processor’s stock worth $8,365,000 after acquiring an additional 75 shares during the last quarter. Newport Capital Group LLC increased its stake in shares of Visa by 59.7% in the 4th quarter. Newport Capital Group LLC now owns 3,159 shares of the credit-card processor’s stock worth $1,108,000 after acquiring an additional 1,181 shares during the last quarter. Finally, Houlihan Financial Resource Group Ltd. increased its stake in shares of Visa by 113.0% in the 4th quarter. Houlihan Financial Resource Group Ltd. now owns 11,134 shares of the credit-card processor’s stock worth $3,765,000 after acquiring an additional 5,907 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa News Summary

Here are the key news stories impacting Visa this week:

Insider Transactions at Visa

In related news, Director Lloyd Carney sold 650 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total transaction of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares of the company’s stock, valued at $829,471.98. This trade represents a 19.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Chris Suh sold 10,639 shares of the firm’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $324.81, for a total transaction of $3,455,653.59. Following the completion of the sale, the chief financial officer owned 9,872 shares of the company’s stock, valued at approximately $3,206,524.32. The trade was a 51.87% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 42,744 shares of company stock worth $14,356,010. Company insiders own 0.12% of the company’s stock.

Visa Stock Performance

NYSE:V opened at $324.77 on Friday. Visa Inc. has a 52 week low of $293.89 and a 52 week high of $375.51. The company has a market cap of $582.56 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 1.75 and a beta of 0.78. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $314.30 and a two-hundred day simple moving average of $325.03.

Visa (NYSE:VGet Free Report) last issued its earnings results on Tuesday, April 28th. The credit-card processor reported $3.31 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.21. The firm had revenue of $11.23 billion during the quarter, compared to the consensus estimate of $10.75 billion. Visa had a net margin of 51.68% and a return on equity of 65.00%. The company’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.76 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 13.09 earnings per share for the current fiscal year.

Visa announced that its board has initiated a share buyback plan on Tuesday, April 28th that authorizes the company to buyback $20.00 billion in shares. This buyback authorization authorizes the credit-card processor to repurchase up to 3.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Tuesday, May 12th will be paid a dividend of $0.67 per share. The ex-dividend date is Tuesday, May 12th. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. Visa’s dividend payout ratio is 23.34%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $410.00 target price on shares of Visa in a research note on Friday, January 30th. TD Cowen reaffirmed a “buy” rating on shares of Visa in a research note on Friday, January 30th. Raymond James Financial restated an “outperform” rating and set a $389.00 price target on shares of Visa in a report on Wednesday, April 29th. Finally, Oppenheimer reissued an “outperform” rating and set a $403.00 price objective (up from $391.00) on shares of Visa in a research report on Wednesday, April 29th. Six research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $386.70.

Check Out Our Latest Stock Report on V

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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