Banco Santander S.A. Raises Stock Position in Visa Inc (NYSE:V)

Banco Santander S.A. raised its stake in Visa Inc (NYSE:V) by 1.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,546,496 shares of the credit-card processor’s stock after buying an additional 29,570 shares during the period. Visa comprises about 2.9% of Banco Santander S.A.’s investment portfolio, making the stock its 4th biggest position. Banco Santander S.A.’s holdings in Visa were worth $249,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Visa during the 4th quarter valued at $3,303,463,000. M&G Investment Management Ltd. purchased a new stake in shares of Visa in the 4th quarter worth about $235,333,000. Swiss National Bank lifted its position in shares of Visa by 20.4% in the 1st quarter. Swiss National Bank now owns 7,386,394 shares of the credit-card processor’s stock worth $1,190,096,000 after purchasing an additional 1,250,400 shares during the period. Diamond Hill Capital Management Inc. purchased a new stake in shares of Visa in the 1st quarter worth about $182,892,000. Finally, Renaissance Technologies LLC lifted its position in Visa by 1,683.4% during the 4th quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock valued at $167,889,000 after acquiring an additional 843,400 shares during the period. 81.88% of the stock is currently owned by hedge funds and other institutional investors.

V stock traded up $0.24 during mid-day trading on Friday, reaching $190.86. 5,581,642 shares of the stock traded hands, compared to its average volume of 9,964,502. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. Visa Inc has a one year low of $133.93 and a one year high of $214.17. The stock has a market capitalization of $370.47 billion, a PE ratio of 34.39, a PEG ratio of 3.03 and a beta of 0.92. The business has a 50-day moving average price of $173.48 and a two-hundred day moving average price of $183.49.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a net margin of 52.26% and a return on equity of 43.45%. The business had revenue of $5.85 billion for the quarter, compared to analysts’ expectations of $5.75 billion. During the same quarter in the previous year, the business posted $1.31 earnings per share. The business’s revenue was up 6.6% compared to the same quarter last year. On average, equities analysts expect that Visa Inc will post 4.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Wednesday, May 13th. Visa’s dividend payout ratio (DPR) is 22.06%.

V has been the subject of a number of analyst reports. Raymond James raised their price objective on shares of Visa from $188.00 to $204.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Cowen raised their price objective on shares of Visa from $189.00 to $196.00 and gave the stock an “outperform” rating in a report on Wednesday. Oppenheimer lifted their price target on shares of Visa from $175.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, May 1st. Wells Fargo & Co lowered their price target on shares of Visa from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Finally, Citigroup lifted their price target on shares of Visa from $190.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, April 9th. Five analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. Visa presently has an average rating of “Buy” and a consensus target price of $202.75.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $161.40, for a total value of $1,129,800.00. Following the transaction, the chief executive officer now directly owns 142,090 shares in the company, valued at $22,933,326. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold 21,000 shares of company stock worth $3,620,540 in the last quarter. Company insiders own 0.19% of the company’s stock.

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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