Vantage Investment Partners LLC raised its holdings in shares of Visa Inc. (NYSE:V – Free Report) by 40.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,993 shares of the credit-card processor’s stock after buying an additional 3,771 shares during the period. Vantage Investment Partners LLC’s holdings in Visa were worth $2,929,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of V. Global Wealth Strategies & Associates purchased a new stake in shares of Visa during the fourth quarter valued at approximately $26,000. JDM Financial Group LLC bought a new stake in shares of Visa in the fourth quarter worth $29,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Visa in the fourth quarter worth $31,000. Financial Freedom LLC bought a new stake in shares of Visa in the fourth quarter worth $32,000. Finally, St. James Investment Advisors LLC increased its stake in shares of Visa by 58.7% in the fourth quarter. St. James Investment Advisors LLC now owns 219 shares of the credit-card processor’s stock worth $45,000 after buying an additional 81 shares during the last quarter. 84.92% of the stock is owned by institutional investors and hedge funds.
Visa Stock Performance
Shares of V opened at $237.48 on Friday. Visa Inc. has a 1 year low of $174.60 and a 1 year high of $238.28. The company has a market cap of $444.88 billion, a price-to-earnings ratio of 31.75, a price-to-earnings-growth ratio of 1.79 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50. The firm has a fifty day moving average of $228.31 and a 200-day moving average of $223.80.
Visa Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Friday, May 12th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 0.76%. The ex-dividend date was Thursday, May 11th. Visa’s payout ratio is currently 24.06%.
Insider Buying and Selling
In related news, insider Tullier Kelly Mahon sold 54,146 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $232.55, for a total value of $12,591,652.30. Following the completion of the sale, the insider now owns 26,674 shares of the company’s stock, valued at $6,203,038.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Visa news, insider Tullier Kelly Mahon sold 54,146 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $232.55, for a total value of $12,591,652.30. Following the sale, the insider now directly owns 26,674 shares in the company, valued at $6,203,038.70. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Vasant M. Prabhu sold 40,000 shares of the business’s stock in a transaction dated Friday, April 28th. The stock was sold at an average price of $231.36, for a total transaction of $9,254,400.00. Following the completion of the sale, the chief financial officer now owns 73,638 shares in the company, valued at $17,036,887.68. The disclosure for this sale can be found here. Insiders sold 116,277 shares of company stock valued at $27,018,374 over the last 90 days. 0.22% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on V. Barclays lifted their price target on shares of Visa from $270.00 to $272.00 in a research note on Monday, May 1st. Oppenheimer lifted their price target on shares of Visa from $237.00 to $248.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 19th. 22nd Century Group restated a “maintains” rating on shares of Visa in a research note on Wednesday, April 26th. Robert W. Baird lifted their price target on shares of Visa from $272.00 to $284.00 in a research note on Wednesday, April 26th. Finally, StockNews.com began coverage on shares of Visa in a research note on Thursday, May 18th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.08.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; and Visa DPS that provides a range of value added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.
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