Destiny Wealth Partners LLC lifted its position in shares of Visa Inc. (NYSE:V – Get Rating) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,780 shares of the credit-card processor’s stock after purchasing an additional 94 shares during the quarter. Destiny Wealth Partners LLC’s holdings in Visa were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in Visa by 0.6% during the third quarter. Vanguard Group Inc. now owns 145,236,910 shares of the credit-card processor’s stock worth $25,801,337,000 after buying an additional 912,545 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Visa by 7.0% during the 3rd quarter. Alliancebernstein L.P. now owns 27,141,800 shares of the credit-card processor’s stock valued at $4,821,741,000 after acquiring an additional 1,785,695 shares in the last quarter. Jennison Associates LLC increased its stake in Visa by 0.6% in the third quarter. Jennison Associates LLC now owns 13,270,127 shares of the credit-card processor’s stock valued at $2,357,438,000 after acquiring an additional 77,186 shares during the period. Royal Bank of Canada raised its position in Visa by 3.0% in the third quarter. Royal Bank of Canada now owns 13,157,577 shares of the credit-card processor’s stock worth $2,337,444,000 after purchasing an additional 383,335 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in Visa by 1.3% during the second quarter. Legal & General Group Plc now owns 11,724,520 shares of the credit-card processor’s stock worth $2,308,444,000 after purchasing an additional 148,594 shares during the period. 81.87% of the stock is currently owned by institutional investors.
Insider Activity at Visa
In other Visa news, insider Rajat Taneja sold 61,721 shares of the business’s stock in a transaction dated Friday, February 3rd. The stock was sold at an average price of $229.92, for a total value of $14,190,892.32. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $53,367,191.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Visa news, insider Rajat Taneja sold 61,721 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $229.92, for a total transaction of $14,190,892.32. Following the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $53,367,191.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the completion of the transaction, the chairman now owns 162,354 shares of the company’s stock, valued at approximately $36,365,672.46. The disclosure for this sale can be found here. Insiders sold a total of 191,312 shares of company stock worth $33,751,165 in the last quarter. Corporate insiders own 0.22% of the company’s stock.
Analyst Ratings Changes
Visa Trading Down 1.0 %
NYSE V opened at $225.99 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.59. Visa Inc. has a 12 month low of $174.60 and a 12 month high of $234.30. The company has a market capitalization of $425.09 billion, a PE ratio of 31.61, a P/E/G ratio of 1.77 and a beta of 0.96. The stock has a 50-day simple moving average of $223.74 and a 200 day simple moving average of $210.95.
Visa (NYSE:V – Get Rating) last announced its quarterly earnings results on Thursday, January 26th. The credit-card processor reported $2.18 EPS for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. The company had revenue of $7.90 billion during the quarter, compared to analysts’ expectations of $7.70 billion. Visa had a return on equity of 49.95% and a net margin of 50.28%. Visa’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.81 EPS. Research analysts forecast that Visa Inc. will post 8.43 EPS for the current year.
Visa Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 1st. Stockholders of record on Friday, February 10th were given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is currently 25.17%.
Visa Company Profile
Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).
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