Thrivent Financial for Lutherans Lowers Holdings in Visa Inc (NYSE:V)

Thrivent Financial for Lutherans lowered its holdings in shares of Visa Inc (NYSE:V) by 10.3% in the 4th quarter, Holdings Channel reports. The firm owned 2,124,888 shares of the credit-card processor’s stock after selling 244,145 shares during the quarter. Visa comprises 1.0% of Thrivent Financial for Lutherans’ portfolio, making the stock its 12th largest holding. Thrivent Financial for Lutherans’ holdings in Visa were worth $280,385,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Ancora Advisors LLC lifted its holdings in shares of Visa by 5.6% in the 4th quarter. Ancora Advisors LLC now owns 22,858 shares of the credit-card processor’s stock worth $3,016,000 after acquiring an additional 1,208 shares during the last quarter. IHT Wealth Management LLC lifted its holdings in shares of Visa by 13.0% in the 4th quarter. IHT Wealth Management LLC now owns 12,260 shares of the credit-card processor’s stock worth $1,618,000 after acquiring an additional 1,413 shares during the last quarter. Segall Bryant & Hamill LLC lifted its holdings in shares of Visa by 7.9% in the 4th quarter. Segall Bryant & Hamill LLC now owns 575,575 shares of the credit-card processor’s stock worth $75,941,000 after acquiring an additional 41,941 shares during the last quarter. Windacre Partnership LLC lifted its holdings in shares of Visa by 69.4% in the 4th quarter. Windacre Partnership LLC now owns 1,187,500 shares of the credit-card processor’s stock worth $156,679,000 after acquiring an additional 486,500 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in shares of Visa in the 4th quarter worth about $388,000. Hedge funds and other institutional investors own 81.04% of the company’s stock.

NYSE V traded up $0.78 during trading on Friday, reaching $170.13. 1,783,359 shares of the company’s stock traded hands, compared to its average volume of 6,874,840. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $342.50 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth 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 earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. The business had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. Visa had a net margin of 51.34% and a return on equity of 40.56%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 EPS. Equities analysts expect that Visa Inc will post 5.38 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 21.69%.

In other news, EVP William M. Sheedy sold 75,676 shares of Visa 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 transaction, the executive vice president now owns 300,114 shares of the company’s stock, valued at approximately $49,590,837.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.17% of the company’s stock.

Several research firms recently commented on V. Wedbush raised their price target on shares of Visa from $162.00 to $170.00 and gave the stock an “outperform” rating in a research note on Thursday, April 25th. UBS Group raised their price target on shares of Visa from $146.00 to $183.00 and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $181.00 price target on shares of Visa in a research note on Sunday, April 28th. Nomura raised their price target on shares of Visa from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Thursday, April 25th. Finally, Wells Fargo & Co raised their price target on shares of Visa from $161.00 to $181.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $177.79.

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Visa 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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