BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $171.26 Million Stock Holdings in Visa Inc. (NYSE:V)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Visa Inc. (NYSE:V) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 541,877 shares of the credit-card processor’s stock after purchasing an additional 40,217 shares during the quarter. Visa makes up approximately 1.0% of BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings, making the stock its 16th biggest holding. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Visa were worth $171,255,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bradley & Co. Private Wealth Management LLC acquired a new position in Visa during the 4th quarter worth about $27,000. POM Investment Strategies LLC increased its holdings in shares of Visa by 48.5% in the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after purchasing an additional 32 shares in the last quarter. Compass Planning Associates Inc bought a new position in Visa in the 4th quarter worth approximately $32,000. NewSquare Capital LLC acquired a new position in Visa during the 4th quarter worth $35,000. Finally, FPC Investment Advisory Inc. boosted its position in Visa by 377.3% in the 4th quarter. FPC Investment Advisory Inc. now owns 105 shares of the credit-card processor’s stock valued at $36,000 after buying an additional 83 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Visa Stock Down 0.3%

V stock opened at $366.96 on Wednesday. The company has a market cap of $677.10 billion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $369.15. The business has a 50-day simple moving average of $340.06 and a 200 day simple moving average of $330.68.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, beating the consensus estimate of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 EPS. Sell-side analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 annualized dividend and a dividend yield of 0.64%. Visa’s payout ratio is 23.72%.

Insider Transactions at Visa

In other Visa news, insider Paul D. Fabara sold 14,813 shares of Visa stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. The trade was a 35.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $345.58, for a total value of $889,868.50. Following the completion of the sale, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,121,041.50. The trade was a 17.76% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 121,948 shares of company stock valued at $41,548,282. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Bank of America upped their target price on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. Susquehanna restated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Barclays increased their target price on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup reaffirmed a “neutral” rating on shares of Visa in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $362.38.

Visa Profile

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.