MUFG Securities EMEA plc raised its stake in shares of Visa Inc. (NYSE:V) by 7.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,768,474 shares of the credit-card processor’s stock after buying an additional 775,000 shares during the period. Visa makes up about 52.6% of MUFG Securities EMEA plc’s investment portfolio, making the stock its largest position. MUFG Securities EMEA plc owned approximately 0.51% of Visa worth $1,045,864,000 as of its most recent filing with the SEC.
A number of other hedge funds have also bought and sold shares of V. Mercer Capital Advisers Inc. raised its stake in Visa by 2.2% in the first quarter. Mercer Capital Advisers Inc. now owns 1,167 shares of the credit-card processor’s stock worth $104,000 after buying an additional 25 shares in the last quarter. Delta Asset Management LLC TN raised its stake in Visa by 2.5% in the first quarter. Delta Asset Management LLC TN now owns 1,541 shares of the credit-card processor’s stock worth $137,000 after buying an additional 38 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in Visa during the first quarter worth $153,000. Pacific Center for Financial Services purchased a new stake in Visa during the fourth quarter worth $138,000. Finally, SRS Capital Advisors Inc. purchased a new stake in Visa during the fourth quarter worth $160,000. Institutional investors and hedge funds own 81.92% of the company’s stock.
Shares of Visa Inc. (NYSE V) opened at 99.60 on Friday. Visa Inc. has a 12 month low of $75.17 and a 12 month high of $100.49. The company has a market cap of $229.72 billion, a P/E ratio of 49.70 and a beta of 0.93. The company’s 50 day moving average is $95.30 and its 200 day moving average is $90.04.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the consensus estimate of $0.81 by $0.05. The firm had revenue of $4.57 billion during the quarter, compared to analyst estimates of $4.36 billion. Visa had a net margin of 28.78% and a return on equity of 29.14%. Visa’s revenue was up 25.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.69 EPS. On average, equities research analysts predict that Visa Inc. will post $3.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Friday, August 18th will be paid a dividend of $0.165 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.66 annualized dividend and a dividend yield of 0.66%. Visa’s dividend payout ratio (DPR) is presently 33.00%.
Visa declared that its board has approved a stock repurchase program on Thursday, April 20th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the credit-card processor to reacquire up to 2.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
TRADEMARK VIOLATION WARNING: “MUFG Securities EMEA plc Acquires 775,000 Shares of Visa Inc. (V)” was first posted by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/07/22/mufg-securities-emea-plc-acquires-775000-shares-of-visa-inc-v.html.
A number of analysts have recently weighed in on the stock. Bank of America Corporation increased their target price on shares of Visa from $103.00 to $111.00 and gave the stock a “buy” rating in a report on Friday. Nomura increased their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Instinet increased their target price on shares of Visa from $105.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Loop Capital increased their target price on shares of Visa from $101.00 to $111.00 and gave the stock a “buy” rating in a report on Friday. They noted that the move was a valuation call. Finally, Oppenheimer Holdings, Inc. increased their target price on shares of Visa from $100.00 to $106.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $101.97.
In related news, Vice Chairman Ellen Richey sold 31,260 shares of the business’s stock in a transaction that occurred on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.
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.
Receive News & Ratings for Visa Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
