First Heartland Consultants Inc. Increases Stake in Visa Inc. (NYSE:V)

First Heartland Consultants Inc. raised its stake in Visa Inc. (NYSE:VFree Report) by 1.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,525 shares of the credit-card processor’s stock after buying an additional 86 shares during the quarter. First Heartland Consultants Inc.’s holdings in Visa were worth $1,961,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. BCK Partners Inc. acquired a new stake in Visa in the 1st quarter valued at approximately $2,717,000. Markel Corp raised its stake in shares of Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in shares of Visa during the 1st quarter valued at $2,323,000. Ergoteles LLC acquired a new position in shares of Visa in the 1st quarter valued at $538,000. Finally, XTX Topco Ltd acquired a new position in shares of Visa during the 1st quarter worth about $1,496,000. Institutional investors and hedge funds own 81.35% of the company’s stock.

Insiders Place Their Bets

In other Visa news, insider Rajat Taneja sold 7,811 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $58,763,795.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Rajat Taneja sold 7,811 shares of Visa stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total transaction of $1,977,510.87. Following the sale, the insider now owns 232,112 shares in the company, valued at $58,763,795.04. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 97,472 shares of company stock worth $25,695,420. Company insiders own 0.19% of the company’s stock.

Visa Trading Down 0.6 %

V stock traded down $1.65 during trading on Monday, reaching $274.78. The company had a trading volume of 2,324,440 shares, compared to its average volume of 5,484,055. The company has a market cap of $504.64 billion, a P/E ratio of 31.81, a PEG ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 52 week low of $208.76 and a 52 week high of $279.99. The business has a 50 day moving average of $264.58 and a 200 day moving average of $249.42.

Visa (NYSE:VGet Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company posted $2.18 earnings per share. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts forecast that Visa Inc. will post 9.91 earnings per share for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

V has been the topic of a number of research analyst reports. KeyCorp raised their target price on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Monness Crespi & Hardt began coverage on shares of Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. Finally, Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Four research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average price target of $290.55.

Check Out Our Latest Stock Report on Visa

Visa Profile

(Free Report)

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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