Robeco Institutional Asset Management B.V. Acquires 15,020 Shares of Visa Inc (V)
Robeco Institutional Asset Management B.V. grew its holdings in Visa Inc (NYSE:V) by 1.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,303,042 shares of the credit-card processor’s stock after purchasing an additional 15,020 shares during the quarter. Visa makes up approximately 0.8% of Robeco Institutional Asset Management B.V.’s holdings, making the stock its 21st biggest holding. Robeco Institutional Asset Management B.V. owned about 0.06% of Visa worth $137,132,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Visa in the 2nd quarter valued at about $958,000. Motco boosted its stake in Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after acquiring an additional 236 shares during the last quarter. MPS Loria Financial Planners LLC bought a new position in Visa during the 2nd quarter worth approximately $123,000. BDO Wealth Advisors LLC bought a new position in Visa during the 2nd quarter worth approximately $115,000. Finally, Mascoma Wealth Management LLC bought a new position in Visa during the 2nd quarter worth approximately $122,000. 81.49% of the stock is currently owned by institutional investors.
Shares of Visa Inc (NYSE V) opened at $112.12 on Thursday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $235,234.86, a P/E ratio of 32.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.97. Visa Inc has a fifty-two week low of $77.19 and a fifty-two week high of $114.75.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were issued a dividend of $0.195 per share. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.70%. The ex-dividend date was Thursday, November 16th. Visa’s dividend payout ratio (DPR) is 27.86%.
In other news, SVP James H. Hoffmeister sold 2,146 shares of Visa stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $112.09, for a total value of $240,545.14. Following the sale, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares in the company, valued at $8,661,119.32. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock worth $6,597,262 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.
Several research analysts recently weighed in on V shares. Cantor Fitzgerald reissued a “buy” rating and set a $120.00 price objective on shares of Visa in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research note on Tuesday, October 31st. Jefferies Group lifted their price objective on shares of Visa from $125.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, October 30th. UBS reissued an “overweight” rating on shares of Visa in a research note on Thursday, August 24th. Finally, Wells Fargo & Company raised shares of Visa from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $107.01 to $120.00 in a research note on Tuesday, October 10th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $117.23.
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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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