Visa Inc. $V Shares Acquired by Kinsale Capital Group Inc.

Kinsale Capital Group Inc. raised its position in shares of Visa Inc. (NYSE:V) by 28.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 63,294 shares of the credit-card processor’s stock after acquiring an additional 14,012 shares during the quarter. Visa comprises 3.0% of Kinsale Capital Group Inc.’s holdings, making the stock its 4th biggest holding. Kinsale Capital Group Inc.’s holdings in Visa were worth $22,743,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of V. XXEC Inc. increased its stake in shares of Visa by 153,118.8% in the second quarter. XXEC Inc. now owns 186,260,448 shares of the credit-card processor’s stock worth $63,904,097,000 after purchasing an additional 186,138,883 shares in the last quarter. State Street Corp raised its holdings in Visa by 0.7% during the 2nd quarter. State Street Corp now owns 82,872,209 shares of the credit-card processor’s stock valued at $28,432,626,000 after acquiring an additional 566,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Visa by 13.0% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,720,068 shares of the credit-card processor’s stock valued at $5,393,398,000 after acquiring an additional 1,808,496 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Visa by 3.7% during the first quarter. Dimensional Fund Advisors LP now owns 8,842,842 shares of the credit-card processor’s stock worth $2,672,655,000 after acquiring an additional 316,559 shares in the last quarter. Finally, Amundi lifted its position in shares of Visa by 16.5% during the second quarter. Amundi now owns 7,714,919 shares of the credit-card processor’s stock worth $2,646,911,000 after acquiring an additional 1,092,315 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, CEO Ryan Mcinerney sold 5,875 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $367.87, for a total value of $2,161,236.25. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $5,582,059.38. This represents a 27.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Julie Rottenberg sold 2,028 shares of the company’s stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $381.35, for a total value of $773,377.80. Following the completion of the transaction, the general counsel owned 18,404 shares in the company, valued at $7,018,365.40. This represents a 9.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 27,395 shares of company stock valued at $10,406,050. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Argus raised their price target on Visa from $396.00 to $420.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $471.00 price objective (up from $416.00) on shares of Visa in a research note on Wednesday, October 28th. Clear Str raised Visa to a “strong-buy” rating in a report on Thursday, July 16th. Royal Bank Of Canada restated an “outperform” rating and issued a $466.00 target price on shares of Visa in a research note on Wednesday, October 28th. Finally, Oppenheimer lifted their target price on Visa from $403.00 to $440.00 and gave the company an “outperform” rating in a report on Wednesday, October 28th. Two investment analysts have rated the stock with a Strong Buy rating and thirty-five have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $440.82.

Visa Stock Down 0.0%

Shares of NYSE:V opened at $422.46 on Tuesday. The firm has a fifty day moving average price of $386.67 and a two-hundred day moving average price of $345.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.97 and a quick ratio of 0.99. Visa Inc. has a one year low of $293.89 and a one year high of $442.23. The company has a market cap of $753.84 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.86 and a beta of 0.80.

Visa (NYSE:V) last released its quarterly earnings results on Tuesday, October 27th. The credit-card processor reported $3.48 earnings per share for the quarter, topping the consensus estimate of $3.44 by $0.04. Visa had a net margin of 51.20% and a return on equity of 70.50%. The firm had revenue of $12.14 billion for the quarter, compared to analysts’ expectations of $12.09 billion. During the same quarter in the prior year, the firm posted $2.98 earnings per share. The business’s quarterly revenue was up 13.2% on a year-over-year basis. Analysts anticipate that Visa Inc. will post 15.02 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Tuesday, November 10th will be given a dividend of $0.78 per share. The ex-dividend date is Tuesday, November 10th. This is a positive change from Visa’s previous quarterly dividend of $0.67. This represents a $3.12 annualized dividend and a yield of 0.7%. Visa’s dividend payout ratio (DPR) is presently 21.74%.

Visa Company Profile

Visa Inc operates a global payments network that connects consumers, merchants, financial institutions and governments. Its network supports the authorization, clearing and settlement of electronic payments, including transactions made in person and online.

The company’s services include payment processing, fraud prevention, identity and risk management, and money-transfer solutions such as Visa Direct. Visa-branded credit, debit and prepaid cards are issued by participating financial institutions; Visa generally provides the network and related services rather than issuing cards or extending credit directly to consumers.

Visa traces its roots to BankAmericard, a bank card program launched in California in 1958.