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.
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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