Visa Inc (NYSE:V) Stock Position Boosted by Fosun International Ltd

Fosun International Ltd lifted its stake in Visa Inc (NYSE:V) by 26.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,100 shares of the credit-card processor’s stock after acquiring an additional 7,600 shares during the period. Visa accounts for approximately 0.6% of Fosun International Ltd’s holdings, making the stock its 28th biggest position. Fosun International Ltd’s holdings in Visa were worth $5,977,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. S.E.E.D. Planning Group LLC acquired a new stake in shares of Visa in the fourth quarter valued at $1,108,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $95,000. FinTrust Capital Advisors LLC boosted its holdings in Visa by 175.6% during the fourth quarter. FinTrust Capital Advisors LLC now owns 1,429 shares of the credit-card processor’s stock worth $269,000 after buying an additional 3,318 shares in the last quarter. Advanced Asset Management Advisors Inc grew its position in Visa by 0.6% in the fourth quarter. Advanced Asset Management Advisors Inc now owns 18,665 shares of the credit-card processor’s stock worth $3,507,000 after buying an additional 110 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in shares of Visa in the fourth quarter valued at $2,871,000. Institutional investors and hedge funds own 81.88% of the company’s stock.

NYSE:V traded up $0.24 during trading hours on Friday, reaching $190.86. The company’s stock had a trading volume of 5,581,642 shares, compared to its average volume of 9,964,502. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market cap of $370.47 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 3.03 and a beta of 0.92. Visa Inc has a one year low of $133.93 and a one year high of $214.17. The business’s 50-day moving average is $173.48 and its 200-day moving average is $183.49.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 EPS for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The business had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same quarter in the prior year, the firm posted $1.31 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. On average, sell-side analysts predict that Visa Inc will post 4.99 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Wednesday, May 13th. Visa’s dividend payout ratio is 22.06%.

Several equities research analysts have recently weighed in on V shares. Barclays reduced their price objective on Visa from $230.00 to $209.00 and set an “overweight” rating for the company in a research note on Thursday, March 26th. Wedbush upped their price objective on shares of Visa from $170.00 to $200.00 and gave the company an “outperform” rating in a research note on Monday, April 27th. Morgan Stanley lifted their target price on shares of Visa from $183.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. BMO Capital Markets cut their price target on shares of Visa from $234.00 to $213.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Finally, Guggenheim lowered shares of Visa from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 22nd. Five investment analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $202.75.

In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the completion of the sale, the chief executive officer now directly owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 21,000 shares of company stock valued at $3,620,540 over the last 90 days. 0.19% of the stock is owned by corporate insiders.

Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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