Metropolis Capital Ltd Purchases 162,434 Shares of Visa Inc. $V

Metropolis Capital Ltd lifted its position in Visa Inc. (NYSE:VFree Report) by 99.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 326,223 shares of the credit-card processor’s stock after buying an additional 162,434 shares during the period. Visa comprises 3.7% of Metropolis Capital Ltd’s holdings, making the stock its 13th largest position. Metropolis Capital Ltd’s holdings in Visa were worth $114,410,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital World Investors raised its holdings in Visa by 0.8% during the 3rd quarter. Capital World Investors now owns 24,792,246 shares of the credit-card processor’s stock worth $8,463,484,000 after buying an additional 193,288 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Visa by 4.2% in the third quarter. Ameriprise Financial Inc. now owns 13,114,674 shares of the credit-card processor’s stock valued at $4,475,403,000 after buying an additional 530,995 shares during the period. Legal & General Group Plc increased its position in shares of Visa by 3.3% during the third quarter. Legal & General Group Plc now owns 12,458,913 shares of the credit-card processor’s stock worth $4,253,224,000 after acquiring an additional 399,845 shares in the last quarter. Invesco Ltd. lifted its position in Visa by 12.2% in the 3rd quarter. Invesco Ltd. now owns 11,913,505 shares of the credit-card processor’s stock valued at $4,067,032,000 after acquiring an additional 1,298,435 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Visa by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 8,418,387 shares of the credit-card processor’s stock valued at $2,873,794,000 after acquiring an additional 108,264 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Up 2.1%

V stock opened at $308.80 on Thursday. The company has a market cap of $560.52 billion, a price-to-earnings ratio of 28.97, a P/E/G ratio of 1.72 and a beta of 0.80. Visa Inc. has a twelve month low of $293.89 and a twelve month high of $375.51. The business has a 50 day moving average price of $313.76 and a two-hundred day moving average price of $330.69. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The company had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the prior year, the business posted $2.75 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s dividend payout ratio (DPR) is currently 25.14%.

Trending Headlines about Visa

Here are the key news stories impacting Visa this week:

Analyst Ratings Changes

A number of analysts have recently commented on the company. Loop Capital began coverage on Visa in a report on Tuesday, March 31st. They issued a “buy” rating and a $387.00 price target on the stock. UBS Group reduced their price target on Visa from $425.00 to $390.00 and set a “buy” rating for the company in a research report on Tuesday, March 31st. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $395.00 price target on shares of Visa in a research note on Friday, January 30th. Morgan Stanley reissued an “overweight” rating and issued a $411.00 price objective (up from $398.00) on shares of Visa in a research report on Friday, January 30th. Finally, Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a report on Tuesday, January 27th. Seven analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $390.96.

Get Our Latest Stock Analysis on Visa

Insider Buying and Selling at Visa

In other news, Director Lloyd Carney sold 650 shares of the business’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $309.62, for a total transaction of $201,253.00. Following the transaction, the director directly owned 2,679 shares in the company, valued at $829,471.98. The trade was a 19.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

About Visa

(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.

Further Reading

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Institutional Ownership by Quarter for Visa (NYSE:V)

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