Visa Inc. (NYSE:V) is Chicago Capital LLC’s 2nd Largest Position

Chicago Capital LLC lifted its position in Visa Inc. (NYSE:VFree Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 367,444 shares of the credit-card processor’s stock after purchasing an additional 5,160 shares during the period. Visa accounts for about 3.4% of Chicago Capital LLC’s investment portfolio, making the stock its 2nd biggest position. Chicago Capital LLC’s holdings in Visa were worth $95,664,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa in the 3rd quarter valued at $25,000. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter worth about $25,000. West Tower Group LLC acquired a new stake in Visa during the 2nd quarter worth about $30,000. Financial Freedom LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC grew its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on V shares. UBS Group raised their target price on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Monness Crespi & Hardt started coverage on shares of Visa in a report on Wednesday, December 20th. They set a “neutral” rating for the company. Jefferies Financial Group lifted their target price on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a report on Tuesday, December 12th. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, Barclays boosted their price target on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $295.82.

View Our Latest Report on Visa

Visa Trading Down 0.3 %

NYSE V opened at $278.22 on Tuesday. The business has a fifty day simple moving average of $279.49 and a 200 day simple moving average of $259.18. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm has a market capitalization of $510.95 billion, a P/E ratio of 32.02, a PEG ratio of 1.93 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.18 EPS. On average, analysts predict that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is currently 23.94%.

Insider Transactions at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

About Visa

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Visa (NYSE:V)

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