Boyd Watterson Asset Management LLC OH Has $3.27 Million Stake in Visa Inc. (NYSE:V)

Boyd Watterson Asset Management LLC OH grew its position in shares of Visa Inc. (NYSE:V) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,564 shares of the credit-card processor’s stock after buying an additional 444 shares during the quarter. Visa accounts for approximately 1.3% of Boyd Watterson Asset Management LLC OH’s investment portfolio, making the stock its 18th biggest holding. Boyd Watterson Asset Management LLC OH’s holdings in Visa were worth $3,271,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Visa by 17,418.7% in the 4th quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock worth $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. FMR LLC raised its holdings in shares of Visa by 4.7% in the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in shares of Visa in the 3rd quarter worth approximately $358,349,000. The Manufacturers Life Insurance Company raised its holdings in shares of Visa by 34.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,929,979 shares of the credit-card processor’s stock worth $903,955,000 after purchasing an additional 999,167 shares during the period. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Visa by 28.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,983,190 shares of the credit-card processor’s stock worth $916,174,000 after purchasing an additional 871,439 shares during the period. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.2 %

Shares of NYSE V traded down $0.58 on Friday, reaching $274.58. 6,840,359 shares of the company’s stock traded hands, compared to its average volume of 5,951,953. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The business’s 50 day simple moving average is $279.24 and its two-hundred day simple moving average is $264.33. The company has a market cap of $504.27 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is currently 23.24%.

Analysts Set New Price Targets

Several research firms have issued reports on V. Wells Fargo & Company increased their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Raymond James increased their target price on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $302.58.

Insider Activity at Visa

In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Visa news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 19,874 shares of company stock valued at $5,506,827 over the last 90 days. Corporate insiders own 0.19% of the company’s stock.

Visa Company Profile

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.