Texas Yale Capital Corp. boosted its stake in shares of Visa Inc (NYSE:V) by 137.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 18,879 shares of the credit-card processor’s stock after buying an additional 10,915 shares during the period. Texas Yale Capital Corp.’s holdings in Visa were worth $1,473,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Sullivan Bruyette Speros & Blaney LLC raised its position in Visa by 0.6% in the fourth quarter. Sullivan Bruyette Speros & Blaney LLC now owns 4,601 shares of the credit-card processor’s stock valued at $359,000 after buying an additional 28 shares in the last quarter. Dumont & Blake Investment Advisors LLC raised its position in Visa by 0.4% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 7,350 shares of the credit-card processor’s stock valued at $608,000 after buying an additional 30 shares in the last quarter. Tradewinds Capital Management LLC raised its position in Visa by 0.7% in the third quarter. Tradewinds Capital Management LLC now owns 5,014 shares of the credit-card processor’s stock valued at $415,000 after buying an additional 35 shares in the last quarter. Cypress Asset Management Inc. TX raised its position in Visa by 0.3% in the third quarter. Cypress Asset Management Inc. TX now owns 12,050 shares of the credit-card processor’s stock valued at $997,000 after buying an additional 40 shares in the last quarter. Finally, Stanford Investment Group Inc. raised its position in Visa by 1.2% in the fourth quarter. Stanford Investment Group Inc. now owns 3,650 shares of the credit-card processor’s stock valued at $285,000 after buying an additional 45 shares in the last quarter. 80.14% of the stock is currently owned by institutional investors and hedge funds.
Visa Inc (NYSE:V) opened at 89.19 on Friday. The company’s 50-day moving average price is $88.11 and its 200-day moving average price is $82.87. Visa Inc has a 52 week low of $73.25 and a 52 week high of $92.05. The company has a market capitalization of $207.29 billion, a P/E ratio of 34.57 and a beta of 1.00.
Visa (NYSE:V) last announced its earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.08. Visa had a return on equity of 26.48% and a net margin of 38.30%. The firm earned $4.46 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 25.1% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc will post $3.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 7th. Investors of record on Friday, February 17th were paid a dividend of $0.165 per share. The ex-dividend date of this dividend was Wednesday, February 15th. This represents a $0.66 annualized dividend and a yield of 0.74%. Visa’s payout ratio is 26.09%.
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Several research firms recently commented on V. Vetr lowered Visa from a “buy” rating to a “hold” rating and set a $80.76 price target on the stock. in a research report on Wednesday, December 21st. Jefferies Group LLC reissued a “buy” rating and set a $96.00 price target on shares of Visa in a research report on Wednesday, March 1st. Deutsche Bank AG reissued a “buy” rating and set a $103.00 price target on shares of Visa in a research report on Tuesday, March 14th. Sanford C. Bernstein reissued a “buy” rating and set a $97.00 price target on shares of Visa in a research report on Monday, November 28th. Finally, Stifel Nicolaus reduced their price target on Visa from $105.00 to $93.00 and set a “buy” rating on the stock in a research report on Friday, February 3rd. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $94.31.
In related news, SVP James H. Hoffmeister sold 11,139 shares of the stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $85.95, for a total transaction of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares in the company, valued at approximately $549,220.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William M. Sheedy sold 125,372 shares of the stock in a transaction that occurred on Monday, February 6th. The shares were sold at an average price of $85.74, for a total value of $10,749,395.28. Following the sale, the executive vice president now owns 365,769 shares of the company’s stock, valued at approximately $31,361,034.06. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.
Visa Company Profile
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
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