Visa Inc (NYSE:V) Shares Sold by FIL Ltd

FIL Ltd decreased its position in Visa Inc (NYSE:V) by 0.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,060,026 shares of the credit-card processor’s stock after selling 7,650 shares during the quarter. FIL Ltd owned 0.10% of Visa worth $309,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Windsor Group LTD raised its position in shares of Visa by 7.8% during the third quarter. Windsor Group LTD now owns 4,849 shares of the credit-card processor’s stock worth $728,000 after purchasing an additional 350 shares during the period. ProVise Management Group LLC raised its position in Visa by 0.5% during the third quarter. ProVise Management Group LLC now owns 75,533 shares of the credit-card processor’s stock valued at $11,337,000 after buying an additional 364 shares during the period. Roundview Capital LLC raised its position in Visa by 3.9% during the third quarter. Roundview Capital LLC now owns 9,913 shares of the credit-card processor’s stock valued at $1,488,000 after buying an additional 370 shares during the period. Atlantic Trust LLC raised its position in Visa by 1.1% during the second quarter. Atlantic Trust LLC now owns 34,531 shares of the credit-card processor’s stock valued at $4,574,000 after buying an additional 372 shares during the period. Finally, Mutual Advisors LLC grew its stake in Visa by 6.8% in the second quarter. Mutual Advisors LLC now owns 5,926 shares of the credit-card processor’s stock valued at $785,000 after purchasing an additional 378 shares in the last quarter. Institutional investors own 84.21% of the company’s stock.

In other news, Vice Chairman Ellen Richey sold 81,005 shares of Visa stock in a transaction that occurred on Thursday, February 7th. The shares were sold at an average price of $139.99, for a total value of $11,339,889.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 13,864 shares of Visa stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $144.97, for a total transaction of $2,009,864.08. The disclosure for this sale can be found here. Insiders have sold 100,764 shares of company stock valued at $14,160,077 in the last quarter. 0.17% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on the company. $1 reiterated a “buy” rating on shares of Visa in a research note on Tuesday. BMO Capital Markets boosted their price objective on Visa from $187.00 to $196.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Barclays assumed coverage on Visa in a report on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 price target for the company. SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Visa in a report on Friday, February 1st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $166.00 price target on shares of Visa in a report on Thursday, October 25th. One research analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Visa has an average rating of “Buy” and a consensus target price of $162.77.

NYSE:V opened at $143.49 on Thursday. Visa Inc has a 12-month low of $116.03 and a 12-month high of $151.56. The firm has a market capitalization of $285.03 billion, a PE ratio of 31.13, a P/E/G ratio of 1.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.50 and a current ratio of 1.50.

Visa (NYSE:V) last released its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. Visa’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.08 earnings per share. Analysts forecast that Visa Inc will post 5.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, February 14th. Visa’s payout ratio is currently 21.69%.

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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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Institutional Ownership by Quarter for Visa (NYSE:V)

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