E&G Advisors LP boosted its holdings in Visa Inc. (NYSE:V) by 3.9% during the first quarter, HoldingsChannel.com reports. The fund owned 7,928 shares of the credit-card processor’s stock after acquiring an additional 296 shares during the period. E&G Advisors LP’s holdings in Visa were worth $1,679,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of V. Kinloch Capital LLC acquired a new stake in shares of Visa in the 4th quarter worth about $27,000. FNY Investment Advisers LLC raised its holdings in shares of Visa by 129.1% during the fourth quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after buying an additional 71 shares during the last quarter. Horan Securities Inc. raised its holdings in shares of Visa by 432.0% during the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock valued at $29,000 after buying an additional 108 shares during the last quarter. Cowa LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $29,000. Finally, New Capital Management LP bought a new position in Visa in the 4th quarter worth approximately $35,000. Institutional investors own 80.50% of the company’s stock.
In other Visa news, insider Rajat Taneja sold 31,750 shares of the stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $223.00, for a total transaction of $7,080,250.00. Following the transaction, the insider now owns 282,606 shares in the company, valued at $63,021,138. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction that occurred on Monday, February 8th. The shares were sold at an average price of $210.00, for a total transaction of $2,350,530.00. Following the completion of the transaction, the president now directly owns 11,193 shares in the company, valued at approximately $2,350,530. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,093 shares of company stock worth $20,418,578. 0.19% of the stock is currently owned by company insiders.
Shares of NYSE:V traded down $1.35 during midday trading on Monday, hitting $221.17. 110,096 shares of the stock were exchanged, compared to its average volume of 9,869,519. The company has a market capitalization of $431.79 billion, a PE ratio of 45.34, a P/E/G ratio of 3.80 and a beta of 0.96. Visa Inc. has a 52-week low of $159.15 and a 52-week high of $228.23. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 1.91. The business’s fifty day simple moving average is $215.01 and its two-hundred day simple moving average is $207.42.
Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.14. The company had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The business’s quarterly revenue was down 6.1% on a year-over-year basis. During the same period last year, the business earned $1.46 EPS. As a group, equities analysts anticipate that Visa Inc. will post 5.45 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, February 11th. Visa’s dividend payout ratio (DPR) is presently 25.40%.
V has been the subject of a number of analyst reports. Credit Suisse Group boosted their price target on Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Sanford C. Bernstein assumed coverage on shares of Visa in a research note on Tuesday, January 26th. They set an “outperform” rating and a $232.00 target price on the stock. Barclays reaffirmed a “buy” rating and issued a $230.00 price target on shares of Visa in a research note on Tuesday, December 22nd. Finally, Robert W. Baird reiterated a “buy” rating and set a $256.00 price objective on shares of Visa in a research note on Sunday. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $228.04.
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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