Visa Inc. (NYSE:V) Stock Holdings Raised by Impax Asset Management Group plc

Impax Asset Management Group plc lifted its stake in shares of Visa Inc. (NYSE:VFree Report) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,220,110 shares of the credit-card processor’s stock after buying an additional 20,890 shares during the quarter. Visa accounts for about 1.3% of Impax Asset Management Group plc’s holdings, making the stock its 23rd biggest holding. Impax Asset Management Group plc’s holdings in Visa were worth $317,081,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. Keener Financial Planning LLC bought a new stake in Visa during the fourth quarter valued at $169,000. Harbour Trust & Investment Management Co bought a new stake in shares of Visa during the 4th quarter valued at about $732,000. Sather Financial Group Inc raised its stake in Visa by 1.6% during the fourth quarter. Sather Financial Group Inc now owns 165,223 shares of the credit-card processor’s stock worth $43,016,000 after acquiring an additional 2,660 shares during the period. Hemington Wealth Management lifted its holdings in Visa by 15.1% in the fourth quarter. Hemington Wealth Management now owns 2,498 shares of the credit-card processor’s stock worth $650,000 after acquiring an additional 327 shares during the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in Visa by 0.4% in the fourth quarter. Toth Financial Advisory Corp now owns 54,308 shares of the credit-card processor’s stock valued at $14,139,000 after acquiring an additional 196 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company increased their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Barclays boosted their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Monness Crespi & Hardt began coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating on the stock. Finally, Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Five investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.87.

Read Our Latest Stock Analysis on V

Visa Price Performance

Shares of V stock opened at $275.54 on Friday. The company has a market capitalization of $506.03 billion, a P/E ratio of 31.71, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average of $280.15 and a two-hundred day moving average of $261.17. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.18 EPS. As a group, equities analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Transactions at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Profile

(Free Report)

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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