Rathbone Brothers plc raised its position in Visa Inc (NYSE:V) by 1.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 973,501 shares of the credit-card processor’s stock after buying an additional 10,386 shares during the quarter. Visa accounts for 4.5% of Rathbone Brothers plc’s holdings, making the stock its biggest holding. Rathbone Brothers plc’s holdings in Visa were worth $102,451,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently modified their holdings of V. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of Visa during the 2nd quarter worth $958,000. Cordasco Financial Network acquired a new stake in shares of Visa during the 3rd quarter worth $105,000. Motco grew its holdings in shares of 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 purchasing an additional 236 shares in the last quarter. MPS Loria Financial Planners LLC acquired a new stake in shares of Visa during the 2nd quarter worth $123,000. Finally, BDO Wealth Advisors LLC acquired a new stake in shares of Visa during the 2nd quarter worth $115,000. 81.49% of the stock is currently owned by hedge funds and other institutional investors.
In other news, SVP James H. Hoffmeister sold 2,146 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now directly owns 687 shares in the company, valued at $77,005.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the transaction, the director now owns 57,368 shares of the company’s stock, valued at $6,526,183.68. The disclosure for this sale can be found here. Insiders sold 58,068 shares of company stock valued at $6,597,262 over the last quarter. Corporate insiders own 0.14% of the company’s stock.
Visa (NYSE:V) last posted its earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the consensus estimate of $0.85 by $0.05. The firm had revenue of $4.86 billion during the quarter, compared to the consensus estimate of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.78 earnings per share. equities research analysts anticipate that Visa Inc will post 4.07 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were given a $0.195 dividend. The ex-dividend date was Thursday, November 16th. This is an increase from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio (DPR) is currently 27.86%.
Several analysts have recently issued reports on V shares. Mizuho reissued a “buy” rating and set a $115.00 target price on shares of Visa in a report on Thursday, October 12th. Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a report on Tuesday, September 19th. BMO Capital Markets raised their price objective on Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $113.35 price objective on the stock. in a research note on Wednesday, October 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $122.00 price objective on shares of Visa in a research note on Tuesday, September 26th. Two research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company. Visa has a consensus rating of “Buy” and an average price target of $118.02.
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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