Visa Inc. (NYSE:V) Shares Acquired by General Partner Inc.

General Partner Inc. raised its stake in shares of Visa Inc. (NYSE:V) by 29.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,144 shares of the credit-card processor’s stock after buying an additional 1,160 shares during the period. Visa makes up 0.9% of General Partner Inc.’s portfolio, making the stock its 29th biggest position. General Partner Inc.’s holdings in Visa were worth $1,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Livelsberger Financial Advisory bought a new stake in shares of Visa in the 4th quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new stake in shares of Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new position in shares of Visa in the 4th quarter worth $32,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the fourth quarter valued at $37,000. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Macquarie boosted their target price on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Royal Bank of Canada increased their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Finally, Wells Fargo & Company boosted their price objective on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Visa Stock Up 0.9 %

Shares of NYSE:V opened at $273.62 on Wednesday. Visa Inc. has a 12 month low of $224.98 and a 12 month high of $290.96. The firm has a market cap of $500.43 billion, a P/E ratio of 30.57, a P/E/G ratio of 1.86 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The company’s 50-day moving average price is $273.97 and its two-hundred day moving average price is $272.70.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion for the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm earned $2.09 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Insider Buying and Selling

In other news, Director Lloyd Carney sold 909 shares of Visa stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Paul D. Fabara sold 25,293 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lloyd Carney sold 909 shares of the stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is owned by company insiders.

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.