Northwest Investment Counselors LLC Takes $149,000 Position in Visa Inc. (NYSE:V)

Northwest Investment Counselors LLC bought a new stake in shares of Visa Inc. (NYSE:V) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 705 shares of the credit-card processor’s stock, valued at approximately $149,000.

Other large investors have also bought and sold shares of the company. Trust Asset Management LLC boosted its holdings in Visa by 78.6% in the 3rd quarter. Trust Asset Management LLC now owns 8,647 shares of the credit-card processor’s stock worth $1,729,000 after buying an additional 3,805 shares during the last quarter. United Bank boosted its holdings in Visa by 6.0% in the 3rd quarter. United Bank now owns 8,632 shares of the credit-card processor’s stock worth $1,726,000 after buying an additional 485 shares during the last quarter. OLD Mission Capital LLC purchased a new position in Visa in the 3rd quarter worth approximately $373,000. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Visa by 221.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 82,697 shares of the credit-card processor’s stock worth $16,537,000 after purchasing an additional 150,738 shares during the last quarter. Finally, Westover Capital Advisors LLC lifted its position in Visa by 12.1% during the third quarter. Westover Capital Advisors LLC now owns 5,221 shares of the credit-card processor’s stock worth $1,044,000 after buying an additional 562 shares in the last quarter. Hedge funds and other institutional investors own 80.50% of the company’s stock.

In other news, President Ryan Mcinerney sold 11,193 shares of the firm’s stock in a transaction dated Monday, February 8th. The shares were sold at an average price of $210.00, for a total transaction of $2,350,530.00. Following the completion of the transaction, the president now owns 11,193 shares in the company, valued at approximately $2,350,530. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the transaction, the chief executive officer now owns 163,112 shares of the company’s stock, valued at approximately $34,669,455.60. The disclosure for this sale can be found here. Insiders sold a total of 93,093 shares of company stock valued at $20,418,578 in the last quarter. 0.19% of the stock is currently owned by insiders.

Several research analysts have recently commented on the company. Barclays boosted their price target on shares of Visa from $230.00 to $250.00 and gave the company an “overweight” rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Visa from $220.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, January 14th. KeyCorp raised their target price on Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 13th. Sanford C. Bernstein initiated coverage on Visa in a research report on Tuesday, January 26th. They issued an “outperform” rating and a $232.00 target price on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $229.00.

V stock opened at $227.57 on Friday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.68. Visa Inc. has a fifty-two week low of $164.01 and a fifty-two week high of $230.93. The firm’s 50-day simple moving average is $218.36 and its 200 day simple moving average is $209.04. The stock has a market cap of $444.29 billion, a PE ratio of 46.63, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.14. The business had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a net margin of 49.74% and a return on equity of 37.22%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.46 EPS. Equities analysts forecast that Visa Inc. will post 5.45 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $1.28 dividend on an annualized basis and a yield of 0.56%. Visa’s dividend payout ratio is presently 25.40%.

Visa Profile

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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