Taurus Asset Management LLC Sells 520 Shares of Visa Inc. (NYSE:V)

Taurus Asset Management LLC reduced its holdings in shares of Visa Inc. (NYSE:VFree Report) by 0.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,662 shares of the credit-card processor’s stock after selling 520 shares during the quarter. Visa accounts for about 3.6% of Taurus Asset Management LLC’s holdings, making the stock its 7th biggest position. Taurus Asset Management LLC’s holdings in Visa were worth $29,364,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in V. Moneta Group Investment Advisors LLC raised its position in Visa by 116,608.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after buying an additional 24,483,134 shares during the last quarter. Norges Bank bought a new stake in shares of Visa in the 4th quarter worth $3,067,232,000. Morgan Stanley raised its holdings in shares of Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the last quarter. Capital World Investors lifted its position in shares of Visa by 50.8% during the second quarter. Capital World Investors now owns 16,012,583 shares of the credit-card processor’s stock valued at $3,802,668,000 after purchasing an additional 5,391,512 shares in the last quarter. Finally, Cibc World Markets Corp boosted its holdings in Visa by 1,634.8% during the second quarter. Cibc World Markets Corp now owns 3,938,026 shares of the credit-card processor’s stock worth $935,202,000 after purchasing an additional 3,711,026 shares during the last quarter. 81.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

V has been the topic of a number of research analyst reports. Oppenheimer boosted their target price on Visa from $248.00 to $252.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 18th. Mizuho upped their price objective on Visa from $243.00 to $265.00 and gave the company a “neutral” rating in a research note on Thursday, January 18th. Wedbush lifted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Monness Crespi & Hardt started coverage on shares of Visa in a research report on Wednesday, December 20th. They set a “neutral” rating for the company. Finally, KeyCorp lifted their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Get Our Latest Stock Analysis on Visa

Visa Stock Down 0.1 %

V stock opened at $276.20 on Monday. Visa Inc. has a twelve month low of $208.76 and a twelve month high of $279.99. The firm has a market capitalization of $507.24 billion, a PE ratio of 31.81, a PEG ratio of 1.91 and a beta of 0.97. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a 50-day simple moving average of $264.58 and a two-hundred day simple moving average of $249.42.

Visa (NYSE:VGet Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the firm posted $2.18 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. On average, equities analysts predict that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Insider Buying and Selling

In other news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on 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 directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 9,200 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The disclosure for this sale can be found here. Insiders sold a total of 97,472 shares of company stock worth $25,695,420 over the last ninety days. 0.19% of the stock is owned by corporate insiders.

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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