Ford Financial Group LLC boosted its holdings in shares of Visa Inc (NYSE:V) by 282.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,959 shares of the credit-card processor’s stock after purchasing an additional 3,662 shares during the period. Ford Financial Group LLC’s holdings in Visa were worth $798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. Aviance Capital Partners LLC lifted its position in Visa by 17.9% during the fourth quarter. Aviance Capital Partners LLC now owns 31,412 shares of the credit-card processor’s stock valued at $5,902,000 after purchasing an additional 4,766 shares during the period. Bogart Wealth LLC raised its position in shares of Visa by 10.1% in the fourth quarter. Bogart Wealth LLC now owns 4,146 shares of the credit-card processor’s stock worth $779,000 after acquiring an additional 380 shares during the period. Foundations Investment Advisors LLC raised its position in shares of Visa by 2.9% in the first quarter. Foundations Investment Advisors LLC now owns 5,750 shares of the credit-card processor’s stock worth $880,000 after acquiring an additional 161 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Visa in the fourth quarter worth about $14,190,000. Finally, Blair William & Co. IL raised its position in shares of Visa by 0.3% in the fourth quarter. Blair William & Co. IL now owns 2,653,438 shares of the credit-card processor’s stock worth $498,581,000 after acquiring an additional 7,371 shares during the period. Institutional investors own 82.43% of the company’s stock.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $181.78, for a total value of $1,272,460.00. Following the transaction, the chief executive officer now directly owns 139,090 shares of the company’s stock, valued at approximately $25,283,780.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lynne Biggar sold 5,500 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the transaction, the executive vice president now directly owns 19,370 shares in the company, valued at $4,090,556.60. The disclosure for this sale can be found here. Insiders sold a total of 39,371 shares of company stock worth $7,463,849 over the last ninety days. Insiders own 0.19% of the company’s stock.
Shares of V opened at $178.44 on Wednesday. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The firm’s fifty day simple moving average is $164.32 and its 200-day simple moving average is $182.85. The firm has a market capitalization of $345.70 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.48 and a beta of 0.92. The company has a current ratio of 1.25, a quick ratio of 1.27 and a debt-to-equity ratio of 0.48.
Visa (NYSE:V) last announced its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period last year, the business earned $1.31 EPS. The company’s revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Visa Inc will post 5.08 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Thursday, May 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Wednesday, May 13th. Visa’s dividend payout ratio (DPR) is 22.06%.
Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Visa from $166.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 31st. BMO Capital Markets dropped their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating for the company in a research note on Monday. William Blair reissued an “outperform” rating on shares of Visa in a research note on Wednesday, February 12th. SunTrust Banks increased their price target on shares of Visa from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Wedbush increased their price target on shares of Visa from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Five equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Visa currently has an average rating of “Buy” and an average target price of $203.00.
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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