Thompson Siegel & Walmsley LLC decreased its position in shares of Visa Inc. (NYSE:V – Free Report) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,806 shares of the credit-card processor’s stock after selling 900 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Visa were worth $3,516,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of V. Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Visa by 107,990.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,998,628,576 shares of the credit-card processor’s stock valued at $474,634,314,000 after purchasing an additional 1,996,779,546 shares during the period. Moneta Group Investment Advisors LLC lifted its stake in shares of 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 purchasing an additional 24,483,134 shares during the period. Norges Bank acquired a new position in shares of Visa in the 4th quarter valued at $3,067,232,000. Morgan Stanley lifted its stake in shares of Visa by 13.0% in the 4th 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 period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Visa by 130.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,042,098 shares of the credit-card processor’s stock valued at $680,069,000 after purchasing an additional 3,986,135 shares during the period. Institutional investors and hedge funds own 81.35% of the company’s stock.
Insiders Place Their Bets
In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $247.47, for a total transaction of $2,016,880.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajat Taneja sold 15,800 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $250.01, for a total transaction of $3,950,158.00. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at $58,030,321.12. The disclosure for this sale can be found here. Insiders sold 72,100 shares of company stock worth $17,368,639 over the last three months. Insiders own 0.22% of the company’s stock.
Wall Street Analysts Forecast Growth
Visa Trading Up 0.4 %
Shares of NYSE:V opened at $249.56 on Friday. Visa Inc. has a 52-week low of $202.13 and a 52-week high of $250.24. The company has a market capitalization of $464.64 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 1.66 and a beta of 0.95. The company has a 50-day simple moving average of $238.42 and a 200 day simple moving average of $236.19. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.45.
Visa (NYSE:V – Get Free Report) last issued its earnings results on Tuesday, October 24th. The credit-card processor reported $2.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.10. Visa had a net margin of 52.90% and a return on equity of 50.13%. The business had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.56 billion. During the same period last year, the business posted $1.93 EPS. Visa’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts forecast that Visa Inc. will post 9.9 earnings per share for the current year.
Visa Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 9th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This is an increase from Visa’s previous quarterly dividend of $0.45. This represents a $2.08 annualized dividend and a yield of 0.83%. Visa’s dividend payout ratio (DPR) is 25.09%.
Visa Inc operates as a payments technology company worldwide. 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, click to pay; Visa Direct, a real-time payments network; Visa B2B Connect, a multilateral B2B cross-border payments network; Visa Treasury as a Service, a cross-border consumer payments business; 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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