BLB&B Advisors LLC boosted its position in shares of Visa (NYSE:V) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,564 shares of the credit-card processor’s stock after acquiring an additional 2,166 shares during the period. BLB&B Advisors LLC’s holdings in Visa were worth $6,107,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Krilogy Financial LLC grew its holdings in Visa by 0.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,572 shares of the credit-card processor’s stock valued at $241,000 after buying an additional 7 shares in the last quarter. Raab & Moskowitz Asset Management LLC grew its holdings in Visa by 0.5% during the 2nd quarter. Raab & Moskowitz Asset Management LLC now owns 7,428 shares of the credit-card processor’s stock valued at $739,000 after buying an additional 38 shares in the last quarter. Westside Investment Management Inc. grew its holdings in Visa by 2.4% during the 2nd quarter. Westside Investment Management Inc. now owns 1,680 shares of the credit-card processor’s stock valued at $160,000 after buying an additional 40 shares in the last quarter. Arete Wealth Advisors LLC grew its holdings in Visa by 1.3% during the 2nd quarter. Arete Wealth Advisors LLC now owns 4,252 shares of the credit-card processor’s stock valued at $399,000 after buying an additional 56 shares in the last quarter. Finally, Comerica Securities Inc. grew its holdings in Visa by 0.4% during the 2nd quarter. Comerica Securities Inc. now owns 18,509 shares of the credit-card processor’s stock valued at $1,736,000 after buying an additional 72 shares in the last quarter. 81.52% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:V traded down $1.23 on Monday, hitting $118.39. 9,871,620 shares of the company’s stock were exchanged, compared to its average volume of 8,586,063. Visa has a 12 month low of $88.13 and a 12 month high of $126.88. The company has a market cap of $246,481.45, a price-to-earnings ratio of 34.02, a price-to-earnings-growth ratio of 1.57 and a beta of 0.98. 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 for the quarter, topping the consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same period last year, the company earned $0.86 earnings per share. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. equities research analysts predict that Visa will post 4.38 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Friday, February 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 0.71%. This is an increase from Visa’s previous quarterly dividend of $0.20. The ex-dividend date was Thursday, February 15th. Visa’s dividend payout ratio (DPR) is 24.14%.
Visa announced that its board has authorized a stock repurchase plan on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a report on Friday. Sanford C. Bernstein began coverage on shares of Visa in a report on Tuesday, March 27th. They issued an “outperform” rating and a $143.00 target price for the company. Vetr raised shares of Visa from a “buy” rating to a “strong-buy” rating and set a $135.40 target price for the company in a report on Friday, March 23rd. BMO Capital Markets reissued a “positive” rating and issued a $148.00 target price on shares of Visa in a report on Monday, February 5th. Finally, Mizuho reissued a “buy” rating and issued a $136.00 target price on shares of Visa in a report on Friday, February 2nd. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $135.21.
In related news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently 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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