SG Americas Securities LLC grew its position in Visa Inc (NYSE:V) by 243.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 997,375 shares of the credit-card processor’s stock after buying an additional 706,744 shares during the period. Visa makes up 1.4% of SG Americas Securities LLC’s portfolio, making the stock its 4th largest position. SG Americas Securities LLC owned approximately 0.05% of Visa worth $171,558,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in V. First Trust Advisors LP boosted its stake in Visa by 14.5% in the 3rd quarter. First Trust Advisors LP now owns 511,256 shares of the credit-card processor’s stock worth $87,941,000 after purchasing an additional 64,740 shares during the period. Haverford Trust Co. boosted its stake in Visa by 2.5% in the 3rd quarter. Haverford Trust Co. now owns 12,717 shares of the credit-card processor’s stock worth $2,187,000 after purchasing an additional 308 shares during the period. Daiwa Securities Group Inc. boosted its stake in Visa by 21.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 157,373 shares of the credit-card processor’s stock worth $27,069,000 after purchasing an additional 27,854 shares during the period. James Hambro & Partners acquired a new position in Visa in the 3rd quarter worth $41,582,000. Finally, First National Bank of Omaha lifted its position in Visa by 18.2% during the 3rd quarter. First National Bank of Omaha now owns 4,217 shares of the credit-card processor’s stock worth $725,000 after buying an additional 649 shares in the last quarter. 80.98% of the stock is owned by institutional investors.
In other news, EVP William M. Sheedy sold 21,164 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $178.71, for a total value of $3,782,218.44. Following the sale, the executive vice president now directly owns 227,126 shares of the company’s stock, valued at approximately $40,589,687.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Vasant M. Prabhu sold 25,051 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $181.14, for a total transaction of $4,537,738.14. Following the completion of the sale, the insider now directly owns 62,223 shares in the company, valued at $11,271,074.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,215 shares of company stock worth $9,564,487. 0.17% of the stock is owned by insiders.
Several brokerages have commented on V. Raymond James boosted their price target on shares of Visa from $193.00 to $205.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Goldman Sachs Group reissued a “buy” rating and set a $202.00 price target on shares of Visa in a research report on Wednesday, July 24th. Piper Jaffray Companies set a $207.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Wedbush set a $187.00 price target on shares of Visa and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, BMO Capital Markets boosted their price target on shares of Visa from $231.00 to $239.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Visa has a consensus rating of “Buy” and a consensus target price of $199.04.
Shares of V stock traded up $0.54 on Friday, reaching $178.97. The stock had a trading volume of 3,894,136 shares, compared to its average volume of 7,614,820. The company has a quick ratio of 1.69, a current ratio of 1.56 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $176.18 and its two-hundred day moving average is $173.34. The firm has a market capitalization of $349.90 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.83 and a beta of 0.94. Visa Inc has a 12 month low of $121.60 and a 12 month high of $187.05.
Visa (NYSE:V) last issued its earnings results on Thursday, October 24th. The credit-card processor reported $1.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.04. The company had revenue of $6.14 billion for the quarter, compared to analysts’ expectations of $6.08 billion. Visa had a net margin of 52.57% and a return on equity of 42.57%. Visa’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 EPS. On average, sell-side analysts forecast that Visa Inc will post 6.21 earnings per share for the current fiscal year.
The company also recently announced a dividend, which will be paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Visa’s payout ratio is 18.38%.
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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