Visa Inc. (NYSE:V) Shares Bought by Personal CFO Solutions LLC


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Personal CFO Solutions LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 3.3% in the fourth quarter, HoldingsChannel reports. The fund owned 11,371 shares of the credit-card processor’s stock after buying an additional 366 shares during the period. Personal CFO Solutions LLC’s holdings in Visa were worth $2,487,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Great West Life Assurance Co. Can raised its stake in shares of Visa by 290.9% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,106,202 shares of the credit-card processor’s stock worth $345,975,000 after buying an additional 5,288,239 shares in the last quarter. TCI Fund Management Ltd. raised its position in shares of Visa by 25.3% during the third quarter. TCI Fund Management Ltd. now owns 14,057,890 shares of the credit-card processor’s stock worth $2,811,156,000 after purchasing an additional 2,842,505 shares during the period. Egerton Capital UK LLP acquired a new stake in shares of Visa during the third quarter worth $422,799,000. FIL Ltd raised its position in shares of Visa by 109.1% during the fourth quarter. FIL Ltd now owns 3,915,056 shares of the credit-card processor’s stock worth $856,340,000 after purchasing an additional 2,042,770 shares during the period. Finally, Morgan Stanley raised its position in shares of Visa by 6.2% during the third quarter. Morgan Stanley now owns 33,936,061 shares of the credit-card processor’s stock worth $6,786,197,000 after purchasing an additional 1,975,972 shares during the period. Institutional investors own 80.50% of the company’s stock.

In other news, CAO James H. Hoffmeister sold 2,157 shares of the stock in a transaction that occurred on Wednesday, December 2nd. The stock was sold at an average price of $208.87, for a total value of $450,532.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Ryan Mcinerney sold 11,193 shares of the stock in a transaction that occurred on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the transaction, the president now directly owns 11,193 shares of the company’s stock, valued at $2,350,530. The disclosure for this sale can be found here. In the last ninety days, insiders sold 82,398 shares of company stock valued at $17,896,223. Insiders own 0.19% of the company’s stock.

NYSE:V traded up $1.99 during mid-day trading on Tuesday, hitting $210.31. 213,168 shares of the company’s stock traded hands, compared to its average volume of 10,284,387. The firm has a 50 day moving average of $205.99 and a two-hundred day moving average of $204.63. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $410.59 billion, a price-to-earnings ratio of 42.58, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96. Visa Inc. has a 12 month low of $133.93 and a 12 month high of $220.39.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 28th. The credit-card processor reported $1.42 EPS for the quarter, beating the consensus estimate of $1.28 by $0.14. The firm had revenue of $5.69 billion during the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, equities research analysts expect that Visa Inc. will post 5.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, March 1st. Shareholders of record on Friday, February 12th will be issued a $0.32 dividend. The ex-dividend date is Thursday, February 11th. This represents a $1.28 annualized dividend and a yield of 0.61%. Visa’s dividend payout ratio (DPR) is 25.40%.

V has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $212.00 target price (down from $233.00) on shares of Visa in a research report on Thursday, October 29th. Seaport Global Securities initiated coverage on Visa in a research report on Monday, December 7th. They set a “buy” rating and a $250.00 price target on the stock. Credit Suisse Group upped their price target on Visa from $255.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, January 29th. Barclays reissued a “buy” rating and set a $230.00 price target on shares of Visa in a research report on Tuesday, December 22nd. Finally, Piper Sandler upped their price target on Visa from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, December 2nd. Five investment analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus target price of $222.64.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Further Reading: How to interpret the current ratio

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Institutional Ownership by Quarter for Visa (NYSE:V)

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