TTP Investments Inc. Purchases New Position in Visa Inc. (NYSE:V)

TTP Investments Inc. purchased a new stake in Visa Inc. (NYSE:VFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 828 shares of the credit-card processor’s stock, valued at approximately $216,000.

Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC raised its holdings in Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after buying an additional 24,483,134 shares during the period. Norges Bank acquired a new stake in Visa during the 4th quarter worth approximately $3,067,232,000. Morgan Stanley raised its holdings in Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the period. State Street Corp raised its holdings in Visa by 3.7% during the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after buying an additional 2,572,159 shares during the period. Finally, FMR LLC raised its holdings in Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock worth $11,582,785,000 after buying an additional 2,257,605 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group raised their target price on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. KeyCorp raised their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Susquehanna raised their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Citigroup raised their price target on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Wedbush raised their price target on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Check Out Our Latest Research Report on Visa

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction 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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.5 %

V stock opened at $276.96 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a fifty day moving average price of $279.87 and a two-hundred day moving average price of $259.82. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The stock has a market cap of $508.64 billion, a price-to-earnings ratio of 31.87, a price-to-earnings-growth ratio of 1.92 and a beta of 0.96.

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

Visa Announces Dividend

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

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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