Boston Advisors LLC raised its position in shares of Visa Inc (NYSE:V) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,322 shares of the credit-card processor’s stock after purchasing an additional 3,785 shares during the period. Visa accounts for approximately 1.2% of Boston Advisors LLC’s holdings, making the stock its 11th biggest position. Boston Advisors LLC’s holdings in Visa were worth $20,362,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Markel Corp lifted its stake in shares of Visa by 0.4% in the 3rd quarter. Markel Corp now owns 924,400 shares of the credit-card processor’s stock worth $138,743,000 after acquiring an additional 4,000 shares during the period. Rothschild Investment Corp IL lifted its stake in shares of Visa by 0.9% in the 3rd quarter. Rothschild Investment Corp IL now owns 49,539 shares of the credit-card processor’s stock worth $7,435,000 after acquiring an additional 438 shares during the period. BB&T Corp lifted its stake in shares of Visa by 6.0% in the 3rd quarter. BB&T Corp now owns 241,316 shares of the credit-card processor’s stock worth $36,219,000 after acquiring an additional 13,724 shares during the period. Fundsmith Equity Fund L.P. acquired a new stake in shares of Visa in the 2nd quarter worth approximately $757,597,000. Finally, Reilly Financial Advisors LLC lifted its stake in shares of Visa by 6.2% in the 3rd quarter. Reilly Financial Advisors LLC now owns 18,095 shares of the credit-card processor’s stock worth $2,716,000 after acquiring an additional 1,053 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.
V has been the subject of a number of research analyst reports. Jefferies Financial Group initiated coverage on shares of Visa in a research note on Monday, January 28th. They issued a “buy” rating and a $135.99 price target for the company. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $178.00 price target on shares of Visa in a research note on Friday, December 21st. SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Visa in a research note on Friday, February 1st. reiterated a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Finally, Wedbush boosted their target price on shares of Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday. One analyst has rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $163.23.
V stock opened at $155.46 on Friday. Visa Inc has a 52-week low of $116.03 and a 52-week high of $156.82. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.58. The company has a market cap of $312.07 billion, a PE ratio of 33.72, a PEG ratio of 1.73 and a beta of 1.00.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.05. Visa had a net margin of 50.61% and a return on equity of 39.32%. The business had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. The firm’s revenue was up 13.2% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc will post 5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Friday, February 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.64%. Visa’s dividend payout ratio is currently 21.69%.
In other news, SVP James H. Hoffmeister sold 6,480 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total transaction of $978,480.00. Following the sale, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lynne Biggar sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the sale, the executive vice president now owns 22,294 shares in the company, valued at approximately $3,344,100. The disclosure for this sale can be found here. Insiders have sold 102,485 shares of company stock worth $14,568,370 in the last 90 days. 0.17% of the stock is owned by company insiders.
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Visa Company 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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