Northwest Investment Counselors LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 705 shares of the credit-card processor’s stock, valued at approximately $149,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of V. Columbia Trust Co 01012016 raised its stake in shares of Visa by 0.7% in the 1st quarter. Columbia Trust Co 01012016 now owns 6,107 shares of the credit-card processor’s stock valued at $1,292,000 after acquiring an additional 45 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of Visa by 1.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 3,984 shares of the credit-card processor’s stock valued at $871,000 after buying an additional 48 shares in the last quarter. Compass Ion Advisors LLC lifted its stake in Visa by 2.7% during the 1st quarter. Compass Ion Advisors LLC now owns 1,841 shares of the credit-card processor’s stock worth $390,000 after acquiring an additional 48 shares in the last quarter. Cable Hill Partners LLC grew its position in Visa by 4.3% in the 4th quarter. Cable Hill Partners LLC now owns 1,177 shares of the credit-card processor’s stock valued at $257,000 after acquiring an additional 49 shares in the last quarter. Finally, Optas LLC increased its stake in Visa by 2.4% during the first quarter. Optas LLC now owns 2,054 shares of the credit-card processor’s stock worth $435,000 after purchasing an additional 49 shares during the period. 80.50% of the stock is currently owned by institutional investors.
NYSE:V opened at $227.57 on Friday. Visa Inc. has a twelve month low of $164.01 and a twelve month high of $230.93. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The company has a 50-day moving average of $218.36 and a 200-day moving average of $209.04. The firm has a market cap of $444.29 billion, a price-to-earnings ratio of 46.63, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Thursday, February 11th. Visa’s payout ratio is 25.40%.
In related news, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the completion of the transaction, the president now directly owns 11,193 shares of the company’s stock, valued at $2,350,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert W. Matschullat sold 29,956 shares of the business’s stock in a transaction dated Thursday, March 18th. The stock was sold at an average price of $223.02, for a total value of $6,680,787.12. The disclosure for this sale can be found here. Insiders sold 93,093 shares of company stock valued at $20,418,578 over the last three months. 0.19% of the stock is owned by insiders.
Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, January 14th. Jefferies Financial Group upgraded shares of Visa from a “hold” rating to a “buy” rating and raised their price objective for the company from $195.00 to $250.00 in a report on Wednesday, January 13th. Robert W. Baird reiterated a “buy” rating and set a $256.00 price target on shares of Visa in a research note on Sunday, April 11th. Sanford C. Bernstein assumed coverage on shares of Visa in a research report on Tuesday, January 26th. They set an “outperform” rating and a $232.00 price objective on the stock. Finally, Credit Suisse Group raised their price objective on shares of Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company’s stock. Visa currently has a consensus rating of “Buy” and a consensus price target of $229.00.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
Further Reading: Debt-To-Equity Ratio
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