Visa Inc (V) Shares Bought by BB&T Securities LLC
BB&T Securities LLC grew its position in Visa Inc (NYSE:V) by 10.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,453 shares of the credit-card processor’s stock after purchasing an additional 24,646 shares during the period. BB&T Securities LLC’s holdings in Visa were worth $27,725,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in V. Beach Investment Management LLC. lifted its position in Visa by 455.7% during the 2nd quarter. Beach Investment Management LLC. now owns 144,089 shares of the credit-card processor’s stock worth $13,513,000 after acquiring an additional 118,159 shares in the last quarter. Norris Perne & French LLP MI lifted its position in Visa by 5.6% during the 2nd quarter. Norris Perne & French LLP MI now owns 188,523 shares of the credit-card processor’s stock worth $17,682,000 after acquiring an additional 9,944 shares in the last quarter. Hodges Capital Management Inc. lifted its position in Visa by 4.5% during the 2nd quarter. Hodges Capital Management Inc. now owns 18,586 shares of the credit-card processor’s stock worth $1,743,000 after acquiring an additional 800 shares in the last quarter. Palisade Capital Management LLC NJ lifted its position in Visa by 13.0% during the 2nd quarter. Palisade Capital Management LLC NJ now owns 39,283 shares of the credit-card processor’s stock worth $3,684,000 after acquiring an additional 4,508 shares in the last quarter. Finally, Northstar Wealth Partners LLC lifted its position in Visa by 10.1% during the 2nd quarter. Northstar Wealth Partners LLC now owns 9,797 shares of the credit-card processor’s stock worth $931,000 after acquiring an additional 897 shares in the last quarter. 81.28% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP James H. Hoffmeister sold 2,146 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the completion of the transaction, the senior vice president now owns 687 shares in the company, valued at approximately $77,005.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $113.66, for a total value of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares of the company’s stock, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. Insiders have sold a total of 58,068 shares of company stock valued at $6,597,262 in the last 90 days. Insiders own 0.14% of the company’s stock.
Shares of Visa Inc (NYSE V) opened at $118.47 on Tuesday. Visa Inc has a twelve month low of $86.00 and a twelve month 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 $268,480.00, a P/E ratio of 39.23, a PEG ratio of 1.54 and a beta of 1.03.
Visa (NYSE:V) last issued its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share for the quarter, beating the Zacks’ 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 the consensus estimate of $4.82 billion. During the same period in the previous year, the business earned $0.86 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. sell-side analysts predict that Visa Inc will post 4.36 earnings per share for the current fiscal year.
Visa declared that its board has initiated a share buyback plan on Thursday, February 1st that authorizes the company to buyback $7.50 billion in shares. This buyback authorization authorizes the credit-card processor to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Friday, February 16th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a yield of 0.71%. This is a positive change from Visa’s previous quarterly dividend of $0.20. Visa’s payout ratio is currently 25.83%.
Visa Company Profile
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.
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