BI Asset Management Fondsmaeglerselskab A S Acquires 57,460 Shares of Visa Inc. $V

BI Asset Management Fondsmaeglerselskab A S lifted its holdings in Visa Inc. (NYSE:VFree Report) by 13.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 488,784 shares of the credit-card processor’s stock after acquiring an additional 57,460 shares during the period. Visa makes up 1.5% of BI Asset Management Fondsmaeglerselskab A S’s portfolio, making the stock its 10th biggest position. BI Asset Management Fondsmaeglerselskab A S’s holdings in Visa were worth $162,631,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in V. Brighton Jones LLC boosted its position in shares of Visa by 50.1% in the fourth quarter. Brighton Jones LLC now owns 20,635 shares of the credit-card processor’s stock worth $6,522,000 after buying an additional 6,883 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of Visa by 68.9% during the 4th quarter. Revolve Wealth Partners LLC now owns 11,811 shares of the credit-card processor’s stock valued at $3,733,000 after buying an additional 4,817 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in Visa by 4.6% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 10,941 shares of the credit-card processor’s stock worth $3,834,000 after acquiring an additional 477 shares in the last quarter. Bank Hapoalim BM boosted its holdings in Visa by 3.7% in the 2nd quarter. Bank Hapoalim BM now owns 5,062 shares of the credit-card processor’s stock worth $1,797,000 after acquiring an additional 182 shares during the period. Finally, Yoder Wealth Management Inc. grew its position in Visa by 8.2% in the second quarter. Yoder Wealth Management Inc. now owns 1,605 shares of the credit-card processor’s stock valued at $570,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, insider Paul D. Fabara sold 2,172 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, the insider owned 26,413 shares in the company, valued at $8,608,789.09. The trade was a 7.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the completion of the transaction, the chief executive officer owned 9,401 shares in the company, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on V. Hsbc Global Res raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 8th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Redburn Partners set a $385.00 target price on Visa in a research note on Wednesday, January 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $408.00 target price (up from $398.00) on shares of Visa in a research report on Wednesday, October 29th. Finally, Wells Fargo & Company raised Visa to a “strong-buy” rating in a report on Wednesday, October 22nd. Six equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $392.00.

View Our Latest Stock Report on V

Visa Stock Performance

Shares of Visa stock opened at $329.79 on Thursday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.08 and a current ratio of 1.11. Visa Inc. has a 1 year low of $299.00 and a 1 year high of $375.51. The firm’s 50-day simple moving average is $338.66 and its 200-day simple moving average is $341.17. The firm has a market cap of $600.79 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 1.89 and a beta of 0.79.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm had revenue of $10.90 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same period in the previous year, the company earned $2.75 earnings per share. Visa’s quarterly revenue was up 14.6% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be issued a $0.67 dividend. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Trending Headlines about Visa

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Visa Profile

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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