Alesco Advisors LLC raised its stake in shares of Visa Inc. (NYSE:V – Free Report) by 23.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,013 shares of the credit-card processor’s stock after purchasing an additional 383 shares during the quarter. Alesco Advisors LLC’s holdings in Visa were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also bought and sold shares of the company. Steigerwald Gordon & Koch Inc. lifted its holdings in shares of Visa by 1.2% in the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 77,046 shares of the credit-card processor’s stock worth $17,371,000 after acquiring an additional 951 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Visa by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 799,904 shares of the credit-card processor’s stock worth $166,188,000 after acquiring an additional 9,534 shares during the last quarter. Occidental Asset Management LLC lifted its holdings in shares of Visa by 4.3% in the 4th quarter. Occidental Asset Management LLC now owns 11,195 shares of the credit-card processor’s stock worth $2,326,000 after acquiring an additional 465 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Visa by 1.7% in the 4th quarter. Private Trust Co. NA now owns 8,208 shares of the credit-card processor’s stock worth $1,705,000 after acquiring an additional 140 shares during the last quarter. Finally, Foster Group Inc. bought a new stake in shares of Visa in the 4th quarter worth approximately $210,000. 84.92% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
V has been the subject of a number of recent research reports. Oppenheimer boosted their price objective on shares of Visa from $237.00 to $248.00 and gave the stock an “outperform” rating in a report on Wednesday, April 19th. Barclays boosted their price objective on shares of Visa from $270.00 to $272.00 in a report on Monday, May 1st. Citigroup upped their price target on shares of Visa from $270.00 to $273.00 in a report on Wednesday, April 26th. 22nd Century Group reiterated a “maintains” rating on shares of Visa in a report on Wednesday, April 26th. Finally, Raymond James upped their price target on shares of Visa from $281.00 to $282.00 in a report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $262.52.
Insider Transactions at Visa
Visa Stock Down 1.0 %
NYSE:V opened at $236.45 on Friday. The firm’s 50-day moving average price is $229.08 and its 200-day moving average price is $224.94. The company has a market capitalization of $442.95 billion, a PE ratio of 31.61, a P/E/G ratio of 1.81 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.50 and a quick ratio of 1.50. Visa Inc. has a 1-year low of $174.60 and a 1-year high of $240.00.
Visa (NYSE:V – Free Report) last released its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. The firm had revenue of $7.99 billion for the quarter, compared to the consensus estimate of $7.79 billion. Visa had a net margin of 50.95% and a return on equity of 50.21%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.79 EPS. On average, equities analysts predict that Visa Inc. will post 8.59 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Friday, May 12th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Thursday, May 11th. Visa’s dividend payout ratio is presently 24.06%.
About Visa
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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