Cibc World Market Inc. Boosts Position in Visa Inc. (NYSE:V)

Cibc World Market Inc. increased its position in shares of Visa Inc. (NYSE:V) by 1.4% during the 4th quarter, HoldingsChannel reports. The fund owned 903,213 shares of the credit-card processor’s stock after acquiring an additional 12,425 shares during the quarter. Cibc World Market Inc.’s holdings in Visa were worth $285,452,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Peterson Financial Group Inc. acquired a new stake in shares of Visa during the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in Visa during the fourth quarter worth about $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter valued at about $31,000. Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, West Financial Advisors LLC lifted its holdings in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after acquiring an additional 73 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group boosted their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday. Robert W. Baird boosted their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and a consensus price target of $352.27.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the sale, the insider now owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Visa Stock Down 0.3 %

Shares of NYSE:V opened at $342.05 on Friday. The firm has a 50 day simple moving average of $317.74 and a 200-day simple moving average of $292.96. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $351.25. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $637.19 billion, a PE ratio of 35.15, a P/E/G ratio of 2.27 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.96% and a return on equity of 53.16%. On average, equities analysts predict that Visa Inc. will post 11.18 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.69%. Visa’s dividend payout ratio is presently 24.25%.

Visa Profile

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.