GAM Holding AG lessened its holdings in shares of Visa Inc (NYSE:V) by 6.7% during the 4th quarter, HoldingsChannel reports. The fund owned 125,323 shares of the credit-card processor’s stock after selling 9,069 shares during the period. Visa accounts for 0.8% of GAM Holding AG’s investment portfolio, making the stock its 16th biggest holding. GAM Holding AG’s holdings in Visa were worth $16,535,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of V. Regent Investment Management LLC increased its holdings in shares of Visa by 0.4% in the fourth quarter. Regent Investment Management LLC now owns 17,175 shares of the credit-card processor’s stock valued at $2,266,000 after purchasing an additional 75 shares during the period. Arthur M. Cohen & Associates LLC increased its holdings in shares of Visa by 3.9% in the fourth quarter. Arthur M. Cohen & Associates LLC now owns 2,154 shares of the credit-card processor’s stock valued at $284,000 after purchasing an additional 80 shares during the period. LexAurum Advisors LLC increased its holdings in shares of Visa by 3.4% in the fourth quarter. LexAurum Advisors LLC now owns 2,487 shares of the credit-card processor’s stock valued at $328,000 after purchasing an additional 81 shares during the period. Crewe Advisors LLC increased its holdings in shares of Visa by 0.5% in the fourth quarter. Crewe Advisors LLC now owns 17,550 shares of the credit-card processor’s stock valued at $2,316,000 after purchasing an additional 82 shares during the period. Finally, Indiana Trust & Investment Management CO increased its holdings in shares of Visa by 1.1% in the fourth quarter. Indiana Trust & Investment Management CO now owns 7,352 shares of the credit-card processor’s stock valued at $970,000 after purchasing an additional 83 shares during the period. 80.99% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:V opened at $158.60 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa Inc has a 52-week low of $121.60 and a 52-week high of $165.77. The firm has a market capitalization of $322.03 billion, a PE ratio of 32.14, a P/E/G ratio of 1.82 and a beta of 0.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Stockholders of record on Friday, May 17th will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio is currently 21.69%.

In other news, EVP Lynne Biggar sold 15,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $150.00, for a total value of $2,250,000.00. Following the sale, the executive vice president now directly owns 22,294 shares in the company, valued at $3,344,100. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James H. Hoffmeister sold 6,480 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the sale, the senior vice president now owns 6,480 shares in the company, valued at $978,480. The disclosure for this sale can be found here. Insiders sold 188,202 shares of company stock worth $29,962,762 over the last 90 days. Company insiders own 0.17% of the company’s stock.

A number of research analysts have recently issued reports on V shares. Deutsche Bank boosted their target price on Visa from $160.00 to $177.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Robert W. Baird set a $182.00 target price on Visa and gave the company an “outperform” rating in a report on Wednesday, May 8th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $185.00 target price on the stock in a report on Friday, May 17th. Nomura boosted their target price on Visa from $175.00 to $178.00 and gave the company a “buy” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets lifted their price target on Visa to $214.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $177.08.

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Visa Profile

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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