CHURCHILL MANAGEMENT Corp lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 45,490 shares of the credit-card processor's stock after acquiring an additional 941 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Visa were worth $14,377,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of V. Peterson Financial Group Inc. bought a new stake in shares of Visa during the third quarter valued at approximately $26,000. Reston Wealth Management LLC bought a new stake in Visa during the 3rd quarter valued at $31,000. Modus Advisors LLC acquired a new position in Visa during the fourth quarter worth $32,000. West Financial Advisors LLC lifted its stake in shares of Visa by 101.4% in the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock valued at $40,000 after buying an additional 73 shares in the last quarter. Finally, Global Wealth Strategies & Associates grew its holdings in shares of Visa by 79.0% during the third quarter. Global Wealth Strategies & Associates now owns 179 shares of the credit-card processor's stock valued at $49,000 after buying an additional 79 shares during the last quarter. 82.15% of the stock is owned by institutional investors.
V has been the topic of several recent research reports. Robert W. Baird raised their price target on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their target price on Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research report on Wednesday, October 30th. Barclays increased their price target on Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, Macquarie increased their target price on shares of Visa from $300.00 to $335.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $331.92.
Check Out Our Latest Analysis on V
NYSE V opened at $317.10 on Friday. The firm has a market cap of $590.71 billion, a P/E ratio of 32.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company's 50 day moving average is $312.94 and its 200-day moving average is $287.85. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $321.61.
Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion for the quarter, compared to analysts' expectations of $9.49 billion. During the same quarter in the previous year, the firm posted $2.33 EPS. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. Sell-side analysts predict that Visa Inc. will post 11.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Tuesday, November 12th. This is a positive change from Visa's previous quarterly dividend of $0.52. Visa's payout ratio is presently 24.25%.
In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.
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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