862 Shares in Visa Inc. (NYSE:V) Acquired by Krane Funds Advisors LLC

Krane Funds Advisors LLC acquired a new stake in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 862 shares of the credit-card processor’s stock, valued at approximately $272,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its stake in shares of Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock valued at $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. grew its holdings in Visa by 7.7% in the third quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock worth $1,576,366,000 after purchasing an additional 411,210 shares during the period. Morse Asset Management Inc purchased a new position in shares of Visa during the third quarter valued at approximately $69,000. Zacks Investment Management boosted its position in shares of Visa by 1.4% in the 3rd quarter. Zacks Investment Management now owns 50,992 shares of the credit-card processor’s stock worth $14,020,000 after purchasing an additional 707 shares in the last quarter. Finally, Tenere Capital LLC increased its position in Visa by 5.5% during the 3rd quarter. Tenere Capital LLC now owns 71,303 shares of the credit-card processor’s stock valued at $19,605,000 after buying an additional 3,688 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of NYSE:V opened at $313.46 on Monday. The stock has a market capitalization of $582.34 billion, a P/E ratio of 31.60, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $366.54. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a fifty day simple moving average of $345.02 and a two-hundred day simple moving average of $317.27.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is 23.79%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on V shares. UBS Group increased their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research note on Thursday, February 13th. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Morgan Stanley increased their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $355.84.

Insiders Place Their Bets

In related news, insider Paul D. Fabara sold 39,350 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $327.20, for a total value of $12,875,320.00. Following the completion of the sale, the insider now directly owns 26,413 shares of the company’s stock, valued at $8,642,333.60. This represents a 59.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the sale, the chief executive officer now owns 537 shares of the company’s stock, valued at approximately $194,931. This represents a 94.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 143,205 shares of company stock worth $48,842,490 in the last three months. Corporate insiders own 0.13% of the company’s stock.

About Visa

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.