Ropes Wealth Advisors LLC raised its position in Visa Inc. (NYSE:V – Get Rating) by 12.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 8,072 shares of the credit-card processor’s stock after acquiring an additional 905 shares during the period. Ropes Wealth Advisors LLC’s holdings in Visa were worth $1,749,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Outfitter Financial LLC bought a new position in Visa during the fourth quarter worth $27,000. Cranbrook Wealth Management LLC grew its stake in shares of Visa by 236.8% in the third quarter. Cranbrook Wealth Management LLC now owns 128 shares of the credit-card processor’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. Blue Bell Private Wealth Management LLC bought a new position in Visa during the fourth quarter worth about $32,000. Disciplined Investments LLC raised its position in shares of Visa by 500.0% in the fourth quarter. Disciplined Investments LLC now owns 168 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 140 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. lifted its position in shares of Visa by 50.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 56 shares during the period. 80.77% of the stock is owned by institutional investors.
Several equities analysts have commented on V shares. Evercore ISI increased their target price on Visa from $304.00 to $310.00 and gave the company an “outperform” rating in a research report on Wednesday, April 27th. Wedbush boosted their target price on shares of Visa from $240.00 to $270.00 and gave the stock an “outperform” rating in a report on Friday, January 28th. Morgan Stanley boosted their target price on shares of Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. Cowen lowered their target price on Visa from $276.00 to $254.00 and set an “outperform” rating for the company in a research report on Wednesday, April 27th. Finally, Credit Suisse Group upped their target price on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Six equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $265.24.
Visa (NYSE:V – Get Rating) last issued its earnings results on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.14. Visa had a net margin of 51.10% and a return on equity of 42.89%. The business had revenue of $7.19 billion for the quarter, compared to analysts’ expectations of $6.82 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The business’s revenue for the quarter was up 25.5% compared to the same quarter last year. As a group, sell-side analysts predict that Visa Inc. will post 7.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 1st. Investors of record on Friday, May 13th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Thursday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.58%.
In other news, President Ryan Mcinerney sold 6,466 shares of Visa stock in a transaction on Monday, March 28th. The shares were sold at an average price of $220.00, for a total transaction of $1,422,520.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Friday, April 29th. The stock was sold at an average price of $218.62, for a total transaction of $1,967,580.00. Following the sale, the chief executive officer now directly owns 165,887 shares of the company’s stock, valued at $36,266,215.94. The disclosure for this sale can be found here. Insiders have sold a total of 41,047 shares of company stock worth $9,030,622 in the last ninety days. 0.21% of the stock is currently owned by insiders.
About Visa (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
- Get a free copy of the StockNews.com research report on Visa (V)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.