Bbva Compass Bancshares Inc. cut its stake in Visa Inc. (NYSE:V) by 5.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,589 shares of the credit-card processor’s stock after selling 9,110 shares during the period. Visa makes up about 1.0% of Bbva Compass Bancshares Inc.’s holdings, making the stock its 18th largest position. Bbva Compass Bancshares Inc.’s holdings in Visa were worth $15,339,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vicus Capital increased its stake in shares of Visa by 17.4% in the first quarter. Vicus Capital now owns 4,719 shares of the credit-card processor’s stock worth $419,000 after buying an additional 701 shares during the last quarter. Girard Securities Inc. increased its stake in shares of Visa by 14.5% in the fourth quarter. Girard Securities Inc. now owns 3,354 shares of the credit-card processor’s stock worth $262,000 after buying an additional 424 shares during the last quarter. Blenheim Capital Management BV purchased a new stake in Visa during the fourth quarter worth about $211,000. Roundview Capital LLC increased its stake in Visa by 1.3% in the fourth quarter. Roundview Capital LLC now owns 9,109 shares of the credit-card processor’s stock worth $711,000 after buying an additional 120 shares in the last quarter. Finally, Intact Investment Management Inc. increased its stake in Visa by 242.6% in the fourth quarter. Intact Investment Management Inc. now owns 20,900 shares of the credit-card processor’s stock worth $1,634,000 after buying an additional 14,800 shares in the last quarter. Institutional investors and hedge funds own 82.02% of the company’s stock.
Visa Inc. (NYSE V) traded up 0.134% on Friday, hitting $100.725. 2,013,696 shares of the company’s stock traded hands. The stock has a 50-day moving average of $96.32 and a 200-day moving average of $91.20. Visa Inc. has a one year low of $75.17 and a one year high of $101.34. The stock has a market cap of $230.30 billion, a PE ratio of 37.458 and a beta of 0.94.
Visa (NYSE:V) last released its earnings results on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.05. Visa had a net margin of 36.53% and a return on equity of 30.95%. The company had revenue of $4.57 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the business earned $0.69 EPS. The business’s revenue was up 25.8% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post $3.43 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.165 per share. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 annualized dividend and a yield of 0.66%. Visa’s dividend payout ratio (DPR) is currently 24.54%.
Visa declared that its Board of Directors has authorized a share repurchase plan on Thursday, April 20th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the credit-card processor to purchase up to 2.4% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
A number of research firms have issued reports on V. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a research report on Tuesday. BidaskClub lowered Visa from a “strong-buy” rating to a “buy” rating in a report on Monday. Citigroup Inc. reissued a “buy” rating and set a $115.00 price objective (up previously from $100.00) on shares of Visa in a research note on Monday, July 24th. Wells Fargo & Company reissued a “market perform” rating and set a $100.00 price objective (up previously from $87.50) on shares of Visa in a research note on Saturday, July 22nd. Finally, Credit Suisse Group set a $112.00 price objective on Visa and gave the company a “buy” rating in a research note on Saturday, July 22nd. Four analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $104.56.
In other Visa news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $100.91, for a total transaction of $3,004,292.52. Following the completion of the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.
