Cypress Capital Group Buys 411 Shares of Visa Inc (NYSE:V)

Cypress Capital Group lifted its stake in shares of Visa Inc (NYSE:V) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 108,400 shares of the credit-card processor’s stock after purchasing an additional 411 shares during the period. Visa comprises about 3.3% of Cypress Capital Group’s investment portfolio, making the stock its biggest holding. Cypress Capital Group’s holdings in Visa were worth $14,303,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Regent Investment Management LLC raised its stake in Visa by 0.4% during the fourth quarter. Regent Investment Management LLC now owns 17,175 shares of the credit-card processor’s stock worth $2,266,000 after acquiring an additional 75 shares during the period. Arthur M. Cohen & Associates LLC increased its stake in shares of Visa by 3.9% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 2,154 shares of the credit-card processor’s stock valued at $284,000 after purchasing an additional 80 shares during the period. Bahl & Gaynor Inc. increased its stake in shares of Visa by 0.3% in the fourth quarter. Bahl & Gaynor Inc. now owns 29,615 shares of the credit-card processor’s stock valued at $3,907,000 after purchasing an additional 80 shares during the period. LexAurum Advisors LLC increased its stake in shares of Visa by 3.4% in the fourth quarter. LexAurum Advisors LLC now owns 2,487 shares of the credit-card processor’s stock valued at $328,000 after purchasing an additional 81 shares during the period. Finally, Crewe Advisors LLC increased its stake in shares of Visa by 0.5% in the fourth quarter. Crewe Advisors LLC now owns 17,550 shares of the credit-card processor’s stock valued at $2,316,000 after purchasing an additional 82 shares during the period. 81.04% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have commented on V shares. Oppenheimer raised their price target on shares of Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Wedbush raised their price target on shares of Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Goldman Sachs Group restated a “buy” rating and issued a $188.00 price target on shares of Visa in a research note on Thursday, May 2nd. Wells Fargo & Co raised their price target on shares of Visa from $161.00 to $181.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Finally, Nomura raised their price target on shares of Visa from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Thursday, April 25th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $177.79.

In other news, EVP William M. Sheedy sold 75,676 shares of the stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $165.24, for a total value of $12,504,702.24. Following the completion of the transaction, the executive vice president now directly owns 300,114 shares in the company, valued at $49,590,837.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.17% of the company’s stock.

Visa stock opened at $169.66 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $338.65 billion, a PE ratio of 36.80, a P/E/G ratio of 1.94 and a beta of 0.96. Visa Inc has a 12-month low of $121.60 and a 12-month high of $172.20.

Visa (NYSE:V) last posted its quarterly earnings data on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $5.49 billion during the quarter, compared to analysts’ expectations of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The business’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the firm posted $1.11 earnings per share. As a group, sell-side analysts anticipate that Visa Inc will post 5.38 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is presently 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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