Bayesian Capital Management LP Cuts Stake in Visa Inc. (V)
Bayesian Capital Management LP decreased its holdings in Visa Inc. (NYSE:V) by 90.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,200 shares of the credit-card processor’s stock after selling 22,100 shares during the period. Bayesian Capital Management LP’s holdings in Visa were worth $206,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Visa by 2.1% during the 2nd quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after buying an additional 2,628,148 shares during the last quarter. BlackRock Inc. raised its holdings in Visa by 1.3% during the 2nd quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after buying an additional 1,440,034 shares during the last quarter. State Street Corp raised its holdings in Visa by 0.9% during the 1st quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock valued at $7,418,151,000 after buying an additional 722,878 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Visa by 3.0% during the 2nd quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock valued at $1,464,483,000 after buying an additional 452,183 shares during the last quarter. Finally, Polen Capital Management LLC raised its holdings in Visa by 7.7% during the 2nd quarter. Polen Capital Management LLC now owns 10,425,812 shares of the credit-card processor’s stock valued at $977,733,000 after buying an additional 745,312 shares during the last quarter. 81.91% of the stock is owned by institutional investors.
Shares of Visa Inc. (V) traded up $1.20 during mid-day trading on Friday, reaching $112.60. 7,594,738 shares of the company traded hands, compared to its average volume of 8,210,495. Visa Inc. has a one year low of $77.19 and a one year high of $113.62. The stock has a market cap of $233,266.78, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.65 and a beta of 0.97. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were issued a dividend of $0.195 per share. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date was Thursday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.17. Visa’s dividend payout ratio (DPR) is presently 27.86%.
A number of research firms recently commented on V. Vetr upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $108.51 price target for the company in a report on Tuesday, September 26th. Loop Capital upped their price target on shares of Visa from $111.00 to $123.00 and gave the company a “buy” rating in a report on Thursday, October 26th. Robert W. Baird restated a “buy” rating and issued a $122.00 price objective on shares of Visa in a report on Tuesday, September 26th. Cowen restated a “buy” rating and issued a $107.00 price objective on shares of Visa in a report on Thursday, October 12th. Finally, Jefferies Group restated a “buy” rating and issued a $125.00 price objective (up from $112.00) on shares of Visa in a report on Tuesday, October 17th. Two analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Visa has a consensus rating of “Buy” and a consensus target price of $117.08.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $112.09, for a total transaction of $240,545.14. Following the sale, the senior vice president now owns 687 shares of the company’s stock, valued at approximately $77,005.83. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.
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Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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