Visa Inc. $V Shares Bought by Capital International Sarl

Capital International Sarl grew its stake in Visa Inc. (NYSE:V) by 5.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 203,815 shares of the credit-card processor’s stock after buying an additional 10,250 shares during the quarter. Visa accounts for approximately 1.2% of Capital International Sarl’s portfolio, making the stock its 17th biggest position. Capital International Sarl’s holdings in Visa were worth $69,578,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Sagard Holdings Management Inc. acquired a new position in Visa during the 2nd quarter worth approximately $31,000. Bare Financial Services Inc lifted its position in shares of Visa by 287.0% during the 2nd quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares during the last quarter. Winnow Wealth LLC acquired a new position in shares of Visa during the second quarter worth $40,000. Moisand Fitzgerald Tamayo LLC raised its stake in Visa by 344.8% in the third quarter. Moisand Fitzgerald Tamayo LLC now owns 129 shares of the credit-card processor’s stock valued at $44,000 after buying an additional 100 shares in the last quarter. Finally, Sellwood Investment Partners LLC purchased a new stake in Visa during the 3rd quarter worth about $52,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Trading Down 0.4%

NYSE:V opened at $316.03 on Tuesday. The company has a market capitalization of $573.65 billion, a PE ratio of 29.65, a P/E/G ratio of 1.82 and a beta of 0.78. Visa Inc. has a 52-week low of $299.00 and a 52-week high of $375.51. The stock’s 50 day moving average price is $328.80 and its 200 day moving average price is $337.05. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The firm’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 earnings per share. On average, research analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Tuesday, February 10th were given a $0.67 dividend. The ex-dividend date was Tuesday, February 10th. This represents a $2.68 annualized dividend and a yield of 0.8%. Visa’s dividend payout ratio is 25.14%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Freedom Capital upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. HSBC raised Visa from a “hold” rating to a “strong-buy” rating in a report on Monday, December 8th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research note on Tuesday, January 27th. Bank of America began coverage on shares of Visa in a report on Thursday, March 5th. They set a “buy” rating and a $410.00 price objective on the stock. Finally, UBS Group restated a “buy” rating on shares of Visa in a report on Tuesday, January 13th. Seven research analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $392.65.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.