Monetary Management Group Inc. boosted its stake in Visa Inc (NYSE:V) by 3.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 40,725 shares of the credit-card processor’s stock after buying an additional 1,340 shares during the period. Visa accounts for about 1.5% of Monetary Management Group Inc.’s portfolio, making the stock its 20th largest position. Monetary Management Group Inc.’s holdings in Visa were worth $3,177,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in V. Sullivan Bruyette Speros & Blaney LLC boosted its position in Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock worth $359,000 after buying an additional 28 shares during the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock worth $608,000 after buying an additional 30 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in Visa by 0.7% in the third quarter. Tradewinds Capital Management LLC now owns 5,014 shares of the credit-card processor’s stock worth $415,000 after buying an additional 35 shares during the last quarter. Enterprise Financial Services Corp boosted its position in Visa by 1.4% in the third quarter. Enterprise Financial Services Corp now owns 2,536 shares of the credit-card processor’s stock worth $210,000 after buying an additional 36 shares during the last quarter. Finally, Cypress Asset Management Inc. TX boosted its position in Visa by 0.3% in the third quarter. Cypress Asset Management Inc. TX now owns 12,050 shares of the credit-card processor’s stock worth $997,000 after buying an additional 40 shares during the last quarter. 80.14% of the stock is currently owned by institutional investors and hedge funds.
Visa Inc (NYSE:V) opened at 89.18 on Tuesday. Visa Inc has a 12-month low of $72.77 and a 12-month high of $92.05. The stock has a market cap of $207.26 billion, a PE ratio of 34.57 and a beta of 1.00. The company’s 50-day moving average price is $87.29 and its 200-day moving average price is $82.61.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. The company had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $4.29 billion. Visa had a return on equity of 26.48% and a net margin of 38.30%. Visa’s revenue for the quarter was up 25.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 earnings per share. On average, equities analysts expect that Visa Inc will post $3.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 7th. Shareholders of record on Friday, February 17th were given a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $0.66 dividend on an annualized basis and a yield of 0.74%. Visa’s dividend payout ratio is currently 26.09%.
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A number of research firms recently commented on V. Vetr raised Visa from a “hold” rating to a “buy” rating and set a $93.85 price target on the stock in a report on Monday. Deutsche Bank AG reissued a “buy” rating and issued a $103.00 price target on shares of Visa in a report on Tuesday, March 14th. Sanford C. Bernstein reissued an “outperform” rating and issued a $104.00 price target on shares of Visa in a report on Saturday, March 11th. Morgan Stanley reissued an “overweight” rating on shares of Visa in a report on Wednesday, March 8th. Finally, Zacks Investment Research raised Visa from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a report on Wednesday, March 1st. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has issued a strong buy rating to the company. Visa has an average rating of “Buy” and an average price target of $94.31.
In other news, EVP William M. Sheedy sold 125,372 shares of the firm’s stock in a transaction that occurred on Monday, February 6th. The stock was sold at an average price of $85.74, for a total value of $10,749,395.28. Following the transaction, the executive vice president now owns 365,769 shares in the company, valued at $31,361,034.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 11,139 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total value of $957,397.05. Following the completion of the transaction, the senior vice president now owns 6,390 shares in the company, valued at approximately $549,220.50. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
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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