GFG Capital LLC Grows Stake in Visa Inc. (NYSE:V)


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GFG Capital LLC raised its stake in Visa Inc. (NYSE:V) by 2.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,821 shares of the credit-card processor’s stock after acquiring an additional 713 shares during the quarter. Visa makes up 1.9% of GFG Capital LLC’s holdings, making the stock its 18th biggest position. GFG Capital LLC’s holdings in Visa were worth $5,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC boosted its stake in Visa by 129.1% in the fourth quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after acquiring an additional 71 shares during the last quarter. Kinloch Capital LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $27,000. Horan Securities Inc. raised its position in shares of Visa by 432.0% in the fourth quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Cowa LLC bought a new stake in shares of Visa in the fourth quarter valued at approximately $29,000. Finally, New Capital Management LP bought a new stake in shares of Visa in the fourth quarter valued at approximately $35,000. Hedge funds and other institutional investors own 80.50% of the company’s stock.

Several research firms have recently issued reports on V. Susquehanna Bancshares boosted their price target on shares of Visa from $250.00 to $265.00 and gave the company a “positive” rating in a research report on Wednesday, April 28th. Barclays boosted their price target on shares of Visa from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho boosted their price target on shares of Visa from $250.00 to $275.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company upped their target price on shares of Visa from $240.00 to $265.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, January 14th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. Visa presently has an average rating of “Buy” and a consensus target price of $246.32.

Shares of NYSE:V opened at $232.61 on Tuesday. Visa Inc. has a one year low of $171.72 and a one year high of $237.50. The firm has a market capitalization of $454.13 billion, a price-to-earnings ratio of 47.67, a PEG ratio of 3.80 and a beta of 0.96. The company’s fifty day moving average price is $221.11 and its 200-day moving average price is $210.57. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.91 and a quick ratio of 1.91.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 27th. The credit-card processor reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.12. Visa had a net margin of 49.74% and a return on equity of 37.22%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $5.54 billion. During the same quarter in the prior year, the company earned $1.39 EPS. The firm’s revenue was down 2.1% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 5.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Friday, May 14th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 13th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 0.55%. Visa’s dividend payout ratio (DPR) is 25.40%.

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the completion of the sale, the chief executive officer now owns 163,112 shares of the company’s stock, valued at approximately $34,669,455.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Ryan Mcinerney sold 11,193 shares of the stock in a transaction on Monday, February 8th. The shares were sold at an average price of $210.00, for a total transaction of $2,350,530.00. Following the sale, the president now directly owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The disclosure for this sale can be found here. Insiders sold a total of 133,843 shares of company stock valued at $29,838,958 in the last ninety days. 0.19% of the stock is owned by corporate insiders.

Visa Company Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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