Winch Advisory Services LLC Has $2.11 Million Position in Visa Inc (V)
Winch Advisory Services LLC increased its position in shares of Visa Inc (NYSE:V) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,045 shares of the credit-card processor’s stock after acquiring an additional 951 shares during the quarter. Winch Advisory Services LLC’s holdings in Visa were worth $2,108,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in V. Fort L.P. purchased a new position in Visa during the second quarter worth approximately $120,000. Bridgeworth LLC purchased a new position in shares of Visa in the 2nd quarter valued at $143,000. Ruggie Capital Group purchased a new position in shares of Visa in the 2nd quarter valued at $164,000. Highlander Capital Management LLC raised its stake in shares of Visa by 50.0% in the 2nd quarter. Highlander Capital Management LLC now owns 1,500 shares of the credit-card processor’s stock valued at $199,000 after acquiring an additional 500 shares during the period. Finally, O Dell Group LLC purchased a new position in shares of Visa in the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 80.08% of the company’s stock.
A number of equities analysts have recently commented on V shares. Jefferies Financial Group started coverage on shares of Visa in a research note on Monday, January 28th. They issued a “buy” rating and a $135.99 target price on the stock. Piper Jaffray Companies reissued an “overweight” rating and issued a $178.00 target price on shares of Visa in a research note on Friday, December 21st. BMO Capital Markets raised their target price on shares of Visa from $187.00 to $196.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. SunTrust Banks reissued an “outperform” rating and issued a $250.00 target price on shares of Visa in a research note on Friday, February 1st. Finally, Barclays started coverage on shares of Visa in a research note on Wednesday, November 14th. They issued an “overweight” rating and a $170.00 target price on the stock. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $162.77.
Visa (NYSE:V) last released its quarterly earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. The business’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the business earned $1.08 EPS. Equities analysts forecast that Visa Inc will post 5.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 5th. Investors of record on Friday, February 15th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, February 14th. Visa’s payout ratio is 21.69%.
In other Visa news, EVP William M. Sheedy sold 13,864 shares of the firm’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $144.97, for a total transaction of $2,009,864.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James H. Hoffmeister sold 2,252 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $144.56, for a total transaction of $325,549.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,759 shares of company stock valued at $2,820,187. Company insiders own 0.17% of the company’s stock.
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Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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