Hilltop Holdings Inc. Has $723,000 Position in Visa Inc (V)

Hilltop Holdings Inc. decreased its stake in shares of Visa Inc (NYSE:V) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,268 shares of the credit-card processor’s stock after selling 354 shares during the period. Hilltop Holdings Inc.’s holdings in Visa were worth $723,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sullivan Bruyette Speros & Blaney LLC boosted its stake in Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock worth $359,000 after buying an additional 28 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock valued at $608,000 after buying an additional 30 shares in the last quarter. Tradewinds Capital Management LLC raised its position in Visa by 0.7% in the third quarter. Tradewinds Capital Management LLC now owns 5,014 shares of the credit-card processor’s stock valued at $415,000 after buying an additional 35 shares in the last quarter. Cypress Asset Management Inc. TX raised its position in Visa by 0.3% in the third quarter. Cypress Asset Management Inc. TX now owns 12,050 shares of the credit-card processor’s stock valued at $997,000 after buying an additional 40 shares in the last quarter. Finally, Stanford Investment Group Inc. raised its position in shares of Visa by 1.2% in the fourth quarter. Stanford Investment Group Inc. now owns 3,650 shares of the credit-card processor’s stock valued at $285,000 after buying an additional 45 shares during the period. Institutional investors and hedge funds own 80.14% of the company’s stock.

Institutional Ownership by Quarter for Visa (NYSE:V)

Shares of Visa Inc (NYSE:V) traded up 1.54% during midday trading on Thursday, reaching $91.13. 3,672,401 shares of the company traded hands. The company has a 50 day moving average of $89.16 and a 200 day moving average of $83.71. Visa Inc has a 12 month low of $73.25 and a 12 month high of $92.05. The firm has a market capitalization of $211.79 billion, a P/E ratio of 35.32 and a beta of 1.00.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.48%. The business had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $4.29 billion. During the same quarter last year, the company earned $0.69 EPS. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc will post $3.32 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.74%. Visa’s dividend payout ratio (DPR) is presently 26.09%.

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Several research firms have recently weighed in on V. Deutsche Bank AG reaffirmed a “buy” rating and set a $103.00 price target on shares of Visa in a research note on Tuesday, March 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $104.00 price objective on shares of Visa in a research note on Saturday, March 11th. Jefferies Group LLC set a $96.00 price objective on shares of Visa and gave the stock a “buy” rating in a research note on Saturday, March 25th. Cowen and Company reissued an “outperform” rating and issued a $100.00 price objective on shares of Visa in a research note on Monday, March 27th. 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 note on Monday, March 20th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.19.

In other news, SVP James H. Hoffmeister sold 11,139 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the transaction, the senior vice president now owns 6,390 shares in the company, valued at approximately $549,220.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP William M. Sheedy sold 125,372 shares of the firm’s stock in a transaction dated Monday, February 6th. The shares were sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the transaction, the executive vice president now owns 365,769 shares of the company’s stock, valued at approximately $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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