Visa Inc. $V Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC grew its position in Visa Inc. (NYSE:V) by 4.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 107,100 shares of the credit-card processor’s stock after acquiring an additional 4,159 shares during the period. Visa comprises approximately 3.5% of Anchor Investment Management LLC’s portfolio, making the stock its 2nd largest position. Anchor Investment Management LLC’s holdings in Visa were worth $37,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in V. GAMMA Investing LLC grew its holdings in shares of Visa by 38,416.3% in the 1st quarter. GAMMA Investing LLC now owns 14,761,375 shares of the credit-card processor’s stock valued at $5,173,271,000 after buying an additional 14,723,050 shares during the period. Nuveen LLC acquired a new position in shares of Visa in the 1st quarter valued at $3,518,533,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Visa in the 4th quarter valued at $673,689,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Visa by 14.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,321,754 shares of the credit-card processor’s stock valued at $4,210,207,000 after buying an additional 1,723,785 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Visa by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 161,082,431 shares of the credit-card processor’s stock valued at $56,452,949,000 after buying an additional 1,677,088 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, CEO Ryan Mcinerney sold 8,630 shares of the company’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $353.82, for a total value of $3,053,466.60. Following the transaction, the chief executive officer owned 537 shares in the company, valued at approximately $190,001.34. This represents a 94.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,027 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $344.02, for a total transaction of $697,328.54. Following the completion of the transaction, the general counsel owned 11,925 shares in the company, valued at approximately $4,102,438.50. This trade represents a 14.53% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. Morgan Stanley boosted their price target on shares of Visa from $386.00 to $402.00 and gave the company an “overweight” rating in a report on Wednesday, July 30th. UBS Group reissued a “buy” rating and set a $415.00 price target (up from $405.00) on shares of Visa in a research report on Wednesday, July 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, July 30th. Citigroup began coverage on shares of Visa in a report on Monday, June 2nd. They issued a “buy” rating on the stock. Finally, Mizuho raised shares of Visa from a “neutral” rating to an “outperform” rating and upped their target price for the company from $359.00 to $425.00 in a report on Thursday, June 5th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.96.

Visa Stock Up 0.5%

Shares of V opened at $344.11 on Wednesday. Visa Inc. has a 52 week low of $268.23 and a 52 week high of $375.51. The firm has a market cap of $630.68 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.28 and a beta of 0.92. The firm’s 50-day simple moving average is $348.03 and its 200 day simple moving average is $347.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.12 and a current ratio of 1.12.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, July 29th. The credit-card processor reported $2.98 EPS for the quarter, beating analysts’ consensus estimates of $2.85 by $0.13. Visa had a net margin of 52.16% and a return on equity of 58.93%. The business had revenue of $10.17 billion for the quarter, compared to analyst estimates of $9.82 billion. During the same quarter in the prior year, the business earned $2.42 EPS. Visa’s quarterly revenue was up 14.3% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 2nd. Investors of record on Tuesday, August 12th were paid a $0.59 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.7%. Visa’s dividend payout ratio is 23.05%.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.