Ancora Advisors LLC increased its position in Visa Inc (NYSE:V) by 492.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 17,835 shares of the credit-card processor’s stock after buying an additional 14,824 shares during the period. Ancora Advisors LLC’s holdings in Visa were worth $1,392,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of V. State Street Corp boosted its position in shares of Visa by 2.6% in the fourth quarter. State Street Corp now owns 82,748,981 shares of the credit-card processor’s stock valued at $6,456,063,000 after buying an additional 2,111,820 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Visa by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 51,126,744 shares of the credit-card processor’s stock valued at $4,228,182,000 after buying an additional 239,481 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after buying an additional 1,061,427 shares during the last quarter. BlackRock Fund Advisors raised its stake in Visa by 3.7% in the third quarter. BlackRock Fund Advisors now owns 27,427,533 shares of the credit-card processor’s stock valued at $2,268,257,000 after buying an additional 967,565 shares during the last quarter. Finally, Loomis Sayles & Co. L P raised its stake in Visa by 3.9% in the fourth quarter. Loomis Sayles & Co. L P now owns 14,002,819 shares of the credit-card processor’s stock valued at $1,092,500,000 after buying an additional 531,327 shares during the last quarter. Hedge funds and other institutional investors own 80.14% of the company’s stock.
Shares of Visa Inc (NYSE:V) traded up 1.52% during midday trading on Thursday, reaching $91.11. 3,729,687 shares of the company’s stock traded hands. The stock’s 50 day moving average is $89.16 and its 200-day moving average is $83.71. Visa Inc has a 52 week low of $73.25 and a 52 week high of $92.05. The company has a market capitalization of $211.75 billion, a PE ratio of 35.31 and a beta of 1.00.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.08. The business had revenue of $4.46 billion for the quarter, compared to analyst estimates of $4.29 billion. Visa had a return on equity of 26.48% and a net margin of 38.30%. The business’s revenue for the quarter was up 25.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. On average, analysts forecast that Visa Inc will post $3.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be paid a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Wednesday, May 17th. Visa’s payout ratio is currently 26.09%.
Several analysts have commented on the stock. Piper Jaffray Companies reissued a “neutral” rating and set a $45.00 price target on shares of Visa in a research report on Friday, April 14th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Visa in a research report on Wednesday, March 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Visa in a research report on Monday, March 27th. Jefferies Group LLC set a $96.00 price objective on shares of Visa and gave the company a “buy” rating in a research report on Saturday, March 25th. Finally, Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $93.85 price objective for the company in a research report on Monday, March 20th. Two research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $93.19.
In related news, SVP James H. Hoffmeister sold 11,139 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $85.95, for a total transaction of $957,397.05. Following the transaction, the senior vice president now directly owns 6,390 shares in the company, valued at $549,220.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William M. Sheedy sold 125,372 shares of the stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $85.74, for a total value of $10,749,395.28. Following the transaction, the executive vice president now owns 365,769 shares in the company, valued at $31,361,034.06. The disclosure for this sale can be found here. 0.14% of the stock is owned by company insiders.
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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