Visa Inc (V) Shares Bought by Investment Centers of America Inc.
Investment Centers of America Inc. boosted its holdings in Visa Inc (NYSE:V) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,061 shares of the credit-card processor’s stock after acquiring an additional 457 shares during the quarter. Investment Centers of America Inc.’s holdings in Visa were worth $2,319,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vantage Financial Partners Ltd. Inc. bought a new position in shares of Visa during the 2nd quarter valued at about $958,000. Welch Investments LLC bought a new position in shares of Visa during the 3rd quarter valued at about $101,000. Cordasco Financial Network bought a new position in shares of Visa during the 3rd quarter valued at about $105,000. Massey Quick Simon & CO. LLC bought a new position in shares of Visa during the 3rd quarter valued at about $110,000. Finally, Motco increased its position in shares of Visa by 25.1% during the 2nd quarter. Motco now owns 1,176 shares of the credit-card processor’s stock valued at $110,000 after purchasing an additional 236 shares during the last quarter. Institutional investors and hedge funds own 81.57% of the company’s stock.
In other Visa news, EVP Tullier Kelly Mahon sold 49,702 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $113.66, for a total value of $5,649,129.32. Following the completion of the sale, the executive vice president now owns 76,202 shares in the company, valued at approximately $8,661,119.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert W. Matschullat sold 6,220 shares of the stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $113.76, for a total value of $707,587.20. Following the completion of the sale, the director now owns 57,368 shares of the company’s stock, valued at approximately $6,526,183.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,068 shares of company stock valued at $6,597,262. Company insiders own 0.14% of the company’s stock.
Shares of Visa Inc (NYSE:V) opened at $116.32 on Friday. Visa Inc has a fifty-two week low of $85.23 and a fifty-two week high of $126.88. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $269,300.00, a P/E ratio of 38.52, a price-to-earnings-growth ratio of 1.51 and a beta of 1.03.
Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.10. Visa had a return on equity of 32.97% and a net margin of 38.12%. The business had revenue of $4.86 billion during the quarter, compared to analysts’ expectations of $4.82 billion. During the same quarter last year, the business posted $0.86 EPS. The business’s revenue was up 9.0% on a year-over-year basis. sell-side analysts forecast that Visa Inc will post 4.36 earnings per share for the current year.
Visa declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 1st that permits the company to repurchase $7.50 billion in shares. This repurchase authorization permits the credit-card processor to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Shareholders of record on Friday, February 16th will be issued a $0.21 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.84 annualized dividend and a yield of 0.72%. This is a boost from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is 25.83%.
Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.