Barings LLC lessened its holdings in Visa Inc (NYSE:V) by 42.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 101,688 shares of the credit-card processor’s stock after selling 73,918 shares during the period. Barings LLC’s holdings in Visa were worth $13,417,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eagle Asset Management Inc. increased its stake in Visa by 13.4% during the 3rd quarter. Eagle Asset Management Inc. now owns 35,259 shares of the credit-card processor’s stock worth $5,292,000 after acquiring an additional 4,171 shares during the period. Camden National Bank increased its stake in Visa by 1,387.6% during the 3rd quarter. Camden National Bank now owns 58,684 shares of the credit-card processor’s stock worth $8,808,000 after acquiring an additional 54,739 shares during the period. South Texas Money Management Ltd. increased its stake in Visa by 25.9% during the 3rd quarter. South Texas Money Management Ltd. now owns 2,706 shares of the credit-card processor’s stock worth $406,000 after acquiring an additional 556 shares during the period. Arcadia Investment Management Corp MI boosted its holdings in shares of Visa by 34.6% in the 3rd quarter. Arcadia Investment Management Corp MI now owns 47,573 shares of the credit-card processor’s stock valued at $7,140,000 after purchasing an additional 12,240 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its holdings in shares of Visa by 0.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,040,370 shares of the credit-card processor’s stock valued at $156,113,000 after purchasing an additional 7,814 shares in the last quarter. 80.79% of the stock is owned by hedge funds and other institutional investors.

V has been the topic of a number of research analyst reports. Jefferies Financial Group initiated coverage on Visa in a report on Monday, January 28th. They issued a “buy” rating and a $135.99 target price on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $160.00 target price on shares of Visa in a report on Thursday, January 31st. Raymond James reaffirmed an “outperform” rating and issued a $152.00 target price (down previously from $167.00) on shares of Visa in a report on Thursday, January 31st. SunTrust Banks reaffirmed an “outperform” rating and issued a $250.00 target price on shares of Visa in a report on Friday, February 1st. Finally, reaffirmed a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $177.67.

NYSE V opened at $162.64 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.62 and a current ratio of 1.62. Visa Inc has a twelve month low of $121.60 and a twelve month high of $165.74. The firm has a market cap of $327.21 billion, a P/E ratio of 35.28, a PEG ratio of 1.85 and a beta of 1.00.

Visa (NYSE:V) last released its quarterly earnings data on Wednesday, April 24th. The credit-card processor reported $1.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.07. The company had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. Visa had a return on equity of 40.56% and a net margin of 51.34%. Visa’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. On average, analysts forecast that Visa Inc will post 5.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.61%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is currently 21.69%.

In related news, EVP Lynne Biggar sold 15,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the completion of the transaction, the executive vice president now directly owns 22,294 shares of the company’s stock, valued at approximately $3,344,100. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP James H. Hoffmeister sold 6,480 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $151.00, for a total value of $978,480.00. Following the transaction, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at $978,480. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 188,202 shares of company stock valued at $29,962,762. 0.17% of the stock is owned by corporate insiders.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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