Visa Inc. (NYSE:V) Shares Purchased by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd raised its holdings in Visa Inc. (NYSE:V) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 153,164 shares of the credit-card processor’s stock after purchasing an additional 29,224 shares during the quarter. Visa comprises approximately 1.4% of OVERSEA CHINESE BANKING Corp Ltd’s portfolio, making the stock its 16th largest holding. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Visa were worth $39,895,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in V. Altshuler Shaham Ltd acquired a new stake in shares of Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC purchased a new position in Visa during the 4th quarter worth $32,000. Financial Freedom LLC acquired a new stake in shares of Visa in the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC boosted its holdings in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth about $37,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Down 0.6 %

Shares of V opened at $269.78 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock has a market cap of $495.45 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. The firm has a 50 day simple moving average of $279.58 and a 200-day simple moving average of $263.35.

Visa (NYSE:V) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock valued at $5,256,352. 0.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Raymond James raised their price target on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Finally, Robert W. Baird boosted their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $298.43.

About Visa

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.