Gulf International Bank UK Ltd decreased its position in Visa Inc (NYSE:V) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 581,371 shares of the credit-card processor’s stock after selling 1,400 shares during the quarter. Visa accounts for about 0.8% of Gulf International Bank UK Ltd’s investment portfolio, making the stock its 21st largest holding. Gulf International Bank UK Ltd’s holdings in Visa were worth $66,287,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the business. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Visa during the second quarter worth approximately $958,000. Welch Investments LLC acquired a new stake in shares of Visa during the third quarter worth approximately $101,000. Cordasco Financial Network acquired a new stake in shares of Visa during the third quarter worth approximately $105,000. Massey Quick Simon & CO. LLC acquired a new stake in shares of Visa during the third quarter worth approximately $110,000. Finally, Motco grew its position in shares of Visa by 25.1% during the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after buying an additional 236 shares in the last quarter. 81.54% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on V shares. Susquehanna Bancshares raised their price objective on Visa from $126.00 to $148.00 in a research note on Thursday, December 28th. Wells Fargo & Co restated an “outperform” rating and set a $135.00 price objective (up from $127.00) on shares of Visa in a research note on Tuesday, January 9th. Stephens restated a “buy” rating and set a $135.00 price objective on shares of Visa in a research note on Wednesday, January 10th. Cowen restated a “buy” rating and set a $129.00 price objective on shares of Visa in a research note on Friday, January 12th. Finally, Citigroup restated a “buy” rating and set a $136.00 price objective (up from $124.00) on shares of Visa in a research note on Friday, January 12th. Two investment analysts have rated the stock with a hold rating, thirty have assigned a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $134.14.
Visa Inc (V) opened at $123.20 on Wednesday. The stock has a market capitalization of $278,050.00, a PE ratio of 48.31, a P/E/G ratio of 1.65 and a beta of 1.00. Visa Inc has a fifty-two week low of $87.85 and a fifty-two week high of $126.88. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60.
Visa (NYSE:V) last released its earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.10. The firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. Visa had a return on equity of 32.97% and a net margin of 38.12%. Visa’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.86 earnings per share. analysts anticipate that Visa Inc will post 4.36 EPS for the current year.
The company also recently announced 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. This is a positive change from Visa’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, February 15th. Visa’s payout ratio is presently 32.94%.
Visa declared that its Board of Directors has authorized a share buyback program on Thursday, February 1st that authorizes the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization authorizes the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.
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Visa Company Profile
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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