River Global Investors LLP Acquires Shares of 16,900 Visa Inc. (NYSE:V)

River Global Investors LLP bought a new position in shares of Visa Inc. (NYSE:V) during the fourth quarter, Holdings Channel.com reports. The fund bought 16,900 shares of the credit-card processor’s stock, valued at approximately $4,403,000.

Several other institutional investors and hedge funds have also made changes to their positions in V. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter worth about $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa during the 4th quarter valued at approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter worth approximately $37,000. Stuart Chaussee & Associates Inc. grew its stake in shares of Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after purchasing an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC increased its holdings in shares of Visa by 1,019.2% in the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wells Fargo & Company increased their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Susquehanna increased their price target on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a report on Friday, January 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. TD Cowen assumed coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price target for the company. Finally, Mizuho increased their price target on Visa from $265.00 to $275.00 and gave the stock a “neutral” rating in a report on Thursday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.00.

Visa Trading Up 0.3 %

NYSE:V traded up $0.88 during trading hours on Friday, reaching $268.49. 3,862,018 shares of the company were exchanged, compared to its average volume of 6,930,902. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.83 and a beta of 0.95. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a 50 day simple moving average of $278.17 and a 200 day simple moving average of $265.42.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS 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 for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter last year, the firm posted $2.09 EPS. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Insider Activity

In related news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following 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 Securities & Exchange Commission, which is accessible through this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,724 shares of company stock valued at $3,278,698. Company insiders own 0.19% of the company’s stock.

About Visa

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.