Rothschild Investment Corp IL increased its position in shares of Visa Inc (NYSE:V) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,539 shares of the credit-card processor’s stock after buying an additional 438 shares during the period. Rothschild Investment Corp IL’s holdings in Visa were worth $7,435,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of V. Fort L.P. acquired a new stake in Visa in the 2nd quarter valued at about $120,000. Cascade Investment Advisors Inc. acquired a new stake in Visa in the 2nd quarter valued at about $132,000. Bridgeworth LLC acquired a new stake in Visa in the 2nd quarter valued at about $143,000. Ruggie Capital Group acquired a new stake in Visa in the 2nd quarter valued at about $164,000. Finally, O Dell Group LLC acquired a new stake in Visa in the 3rd quarter valued at about $200,000. 80.63% of the stock is owned by institutional investors and hedge funds.
In related news, EVP William M. Sheedy sold 3,643 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $133.07, for a total value of $484,774.01. Following the sale, the executive vice president now directly owns 241,983 shares in the company, valued at $32,200,677.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William M. Sheedy sold 99,636 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $139.28, for a total value of $13,877,302.08. Following the completion of the sale, the executive vice president now owns 296,925 shares in the company, valued at $41,355,714. The disclosure for this sale can be found here. Insiders sold 119,395 shares of company stock worth $16,697,489 over the last quarter. 0.14% of the stock is currently owned by company insiders.
Several research firms have weighed in on V. Barclays initiated coverage on shares of Visa in a research report on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 price objective for the company. BMO Capital Markets raised their target price on shares of Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. JPMorgan Chase & Co. reissued a “buy” rating and set a $166.00 price objective on shares of Visa in a research note on Thursday, October 25th. Credit Suisse Group lifted their price objective on shares of Visa from $150.00 to $164.00 and gave the stock an “outperform” rating in a research note on Monday, October 8th. Finally, Wells Fargo & Co raised their target price on shares of Visa from $161.00 to $175.00 and gave the stock an “outperform” rating in a report on Monday, October 1st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $156.09.
Visa stock opened at $138.64 on Thursday. Visa Inc has a 1 year low of $106.60 and a 1 year high of $151.56. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market capitalization of $279.64 billion, a PE ratio of 30.07, a PEG ratio of 1.51 and a beta of 1.11.
Visa (NYSE:V) last released its quarterly earnings data on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.01. Visa had a return on equity of 38.00% and a net margin of 49.98%. The company had revenue of $5.43 billion during the quarter, compared to the consensus estimate of $5.44 billion. On average, sell-side analysts predict that Visa Inc will post 5.33 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Friday, November 16th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This is a boost from Visa’s previous quarterly dividend of $0.21. This represents a $1.00 annualized dividend and a yield of 0.72%. Visa’s dividend payout ratio 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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