Family Capital Trust Co reduced its position in shares of Visa Inc (NYSE:V) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 54,193 shares of the credit-card processor’s stock after selling 824 shares during the period. Visa comprises about 2.9% of Family Capital Trust Co’s investment portfolio, making the stock its 5th biggest position. Family Capital Trust Co’s holdings in Visa were worth $6,179,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in V. Vanguard Group Inc. raised its stake in shares of Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock worth $11,911,973,000 after acquiring an additional 2,628,148 shares during the last quarter. BlackRock Inc. raised its stake in shares of Visa by 1.3% in the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock worth $10,751,846,000 after acquiring an additional 1,440,034 shares during the last quarter. Jennison Associates LLC raised its stake in shares of Visa by 1.0% in the third quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock worth $2,239,872,000 after acquiring an additional 209,764 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock worth $2,019,358,000 after acquiring an additional 1,624,700 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Visa by 2.3% in the third quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock worth $1,680,838,000 after acquiring an additional 355,320 shares during the last quarter. 81.54% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Visa in a research note on Thursday, February 1st. KeyCorp boosted their target price on shares of Visa from $125.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Cantor Fitzgerald boosted their target price on shares of Visa to $141.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Citigroup reaffirmed a “buy” rating and issued a $145.00 target price (up from $136.00) on shares of Visa in a research note on Monday, January 29th. Finally, Oppenheimer boosted their target price on shares of Visa from $125.00 to $143.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have given a strong buy rating to the stock. Visa presently has an average rating of “Buy” and an average price target of $134.14.
Visa Inc (NYSE:V) opened at $124.24 on Tuesday. The stock has a market cap of $280,400.00, a P/E ratio of 48.72, a P/E/G ratio of 1.65 and a beta of 1.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.07 and a current ratio of 2.07. Visa Inc has a 1-year low of $87.85 and a 1-year high of $126.88.
Visa (NYSE:V) last issued its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.10. The firm had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Visa had a net margin of 38.12% and a return on equity of 32.97%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. equities analysts forecast that Visa Inc will post 4.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. This is a boost from Visa’s previous quarterly dividend of $0.20. Visa’s payout ratio is currently 32.94%.
Visa declared that its board has authorized a stock buyback plan on Thursday, February 1st that authorizes the company to repurchase $7.50 billion in shares. This repurchase authorization authorizes the credit-card processor to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.
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Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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