Prudent Man Advisors LLC lessened its stake in Visa Inc. (NYSE:V – Get Rating) by 3.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,608 shares of the credit-card processor's stock after selling 133 shares during the quarter. Prudent Man Advisors LLC's holdings in Visa were worth $800,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Visa in the 4th quarter valued at $16,496,000. Assenagon Asset Management S.A. raised its stake in shares of Visa by 4.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 25,574 shares of the credit-card processor's stock valued at $5,542,000 after buying an additional 1,137 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC increased its position in shares of Visa by 4.6% during the 4th quarter. Wealth Enhancement & Preservation of GA LLC now owns 5,438 shares of the credit-card processor's stock worth $1,179,000 after purchasing an additional 240 shares in the last quarter. MV Capital Management Inc. increased its position in shares of Visa by 1.9% during the 4th quarter. MV Capital Management Inc. now owns 13,740 shares of the credit-card processor's stock worth $2,978,000 after purchasing an additional 256 shares in the last quarter. Finally, Investment Management of Virginia LLC increased its position in shares of Visa by 6.7% during the 4th quarter. Investment Management of Virginia LLC now owns 22,655 shares of the credit-card processor's stock worth $4,909,000 after purchasing an additional 1,415 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company's stock.
Get Visa alerts:Visa Price Performance
NYSE V opened at $215.87 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.63. Visa Inc. has a 12-month low of $185.91 and a 12-month high of $242.60. The company has a market capitalization of $410.43 billion, a PE ratio of 31.84, a price-to-earnings-growth ratio of 1.74 and a beta of 0.89. The firm's 50 day moving average is $205.31 and its 200-day moving average is $210.45.
Visa Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Friday, August 12th will be issued a dividend of $0.375 per share. The ex-dividend date is Thursday, August 11th. This represents a $1.50 dividend on an annualized basis and a yield of 0.69%. Visa's payout ratio is 22.12%.Insider Buying and Selling
In related news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the business's stock in a transaction on Thursday, June 30th. The shares were sold at an average price of $195.37, for a total transaction of $1,758,330.00. Following the transaction, the chief executive officer now directly owns 159,887 shares in the company, valued at $31,237,123.19. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last three months, insiders have sold 27,000 shares of company stock worth $5,560,740. Insiders own 0.21% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the stock. Morgan Stanley raised their price objective on shares of Visa from $284.00 to $291.00 and gave the company an "overweight" rating in a research report on Wednesday, July 27th. Macquarie reduced their target price on shares of Visa from $270.00 to $260.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 27th. Cowen reduced their target price on shares of Visa from $276.00 to $254.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 27th. The Goldman Sachs Group initiated coverage on shares of Visa in a research note on Tuesday, May 17th. They set a "buy" rating and a $282.00 price objective on the stock. Finally, UBS Group lifted their price objective on shares of Visa from $292.00 to $296.00 and gave the stock a "buy" rating in a research note on Wednesday, July 27th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.64.
About Visa
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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.
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