Schwab Charitable Fund acquired a new position in shares of Visa Inc. (NYSE:V – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 910 shares of the credit-card processor’s stock, valued at approximately $202,000.
A number of other institutional investors also recently bought and sold shares of V. New World Advisors LLC bought a new position in Visa during the 3rd quarter worth $457,000. Legacy Wealth Planning LLC boosted its holdings in shares of Visa by 16.7% in the 3rd quarter. Legacy Wealth Planning LLC now owns 2,101 shares of the credit-card processor’s stock valued at $468,000 after purchasing an additional 300 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in shares of Visa by 1,233.7% in the 3rd quarter. Voloridge Investment Management LLC now owns 14,457 shares of the credit-card processor’s stock valued at $3,220,000 after purchasing an additional 13,373 shares in the last quarter. Wealthsource Partners LLC boosted its holdings in shares of Visa by 25.7% in the 3rd quarter. Wealthsource Partners LLC now owns 11,858 shares of the credit-card processor’s stock valued at $2,641,000 after purchasing an additional 2,426 shares in the last quarter. Finally, Personal CFO Solutions LLC boosted its holdings in shares of Visa by 6.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 12,037 shares of the credit-card processor’s stock valued at $2,681,000 after purchasing an additional 695 shares in the last quarter. Hedge funds and other institutional investors own 80.77% of the company’s stock.
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business’s stock in a transaction dated Friday, April 29th. The stock was sold at an average price of $218.62, for a total value of $1,967,580.00. Following the completion of the sale, the chief executive officer now directly owns 165,887 shares of the company’s stock, valued at approximately $36,266,215.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Ryan Mcinerney sold 6,467 shares of the business’s stock in a transaction dated Friday, April 1st. The shares were sold at an average price of $223.65, for a total value of $1,446,344.55. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,933 shares of company stock valued at $8,745,055. Corporate insiders own 0.21% of the company’s stock.
A number of equities research analysts have weighed in on the company. Credit Suisse Group raised their target price on Visa from $260.00 to $265.00 and gave the company an “outperform” rating in a report on Wednesday, April 27th. Morgan Stanley raised their target price on Visa from $279.00 to $284.00 in a report on Wednesday, April 27th. StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Thursday, April 28th. Cowen cut their price objective on Visa from $276.00 to $254.00 in a report on Wednesday, April 27th. Finally, The Goldman Sachs Group assumed coverage on Visa in a report on Tuesday, May 17th. They set a “buy” rating and a $282.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $267.44.
V stock opened at $205.51 on Friday. The stock has a 50-day moving average price of $204.67 and a 200-day moving average price of $212.20. Visa Inc. has a 1-year low of $185.91 and a 1-year high of $252.67. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.53. The firm has a market cap of $390.73 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90.
Visa (NYSE:V – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The credit-card processor reported $1.79 earnings per share for the quarter, topping the consensus estimate of $1.65 by $0.14. Visa had a return on equity of 42.89% and a net margin of 51.10%. The firm had revenue of $7.19 billion during the quarter, compared to analyst estimates of $6.82 billion. During the same period last year, the company posted $1.38 EPS. The business’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts forecast that Visa Inc. will post 7.16 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 1st. Stockholders of record on Friday, May 13th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Thursday, May 12th. Visa’s dividend payout ratio (DPR) is presently 23.58%.
Visa Profile (Get Rating)
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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