Meridian Financial Partners LLC bought a new position in shares of Visa Inc (NYSE:V) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,494 shares of the credit-card processor’s stock, valued at approximately $725,000. Visa accounts for 1.0% of Meridian Financial Partners LLC’s holdings, making the stock its 19th biggest holding.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Matthew Goff Investment Advisor LLC increased its stake in Visa by 13,144.9% during the third quarter. Matthew Goff Investment Advisor LLC now owns 7,929,067 shares of the credit-card processor’s stock worth $59,865,000 after acquiring an additional 7,869,202 shares during the last quarter. Fundsmith Equity Fund L.P. acquired a new stake in Visa during the second quarter worth about $757,597,000. Capital Research Global Investors increased its stake in Visa by 3,913.7% during the third quarter. Capital Research Global Investors now owns 4,507,351 shares of the credit-card processor’s stock worth $676,508,000 after acquiring an additional 4,395,051 shares during the last quarter. FMR LLC increased its stake in Visa by 2.9% during the second quarter. FMR LLC now owns 85,466,413 shares of the credit-card processor’s stock worth $11,320,026,000 after acquiring an additional 2,398,540 shares during the last quarter. Finally, Capital International Investors increased its stake in Visa by 13.2% during the third quarter. Capital International Investors now owns 13,149,230 shares of the credit-card processor’s stock worth $1,973,568,000 after acquiring an additional 1,533,870 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

V has been the subject of several research analyst reports. Cantor Fitzgerald restated a “buy” rating and set a $160.00 price target on shares of Visa in a research note on Thursday, January 31st. Jefferies Financial Group initiated coverage on Visa in a research note on Monday, January 28th. They set a “buy” rating and a $135.99 price target for the company. restated a “buy” rating on shares of Visa in a research note on Tuesday, February 12th. Wedbush upped their price target on Visa from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, SunTrust Banks restated an “outperform” rating and set a $250.00 price target on shares of Visa in a research note on Friday, February 1st. One equities research analyst has rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. Visa has an average rating of “Buy” and a consensus price target of $163.23.

In related news, Vice Chairman Ellen Richey sold 81,005 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $139.99, for a total value of $11,339,889.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP James H. Hoffmeister sold 6,480 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $151.00, for a total value of $978,480.00. Following the completion of the transaction, the senior vice president now directly owns 6,480 shares of the company’s stock, valued at approximately $978,480. The disclosure for this sale can be found here. Insiders sold 102,485 shares of company stock valued at $14,568,370 in the last three months. 0.17% of the stock is currently owned by company insiders.

V stock opened at $155.46 on Friday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.58. Visa Inc has a 1 year low of $116.03 and a 1 year high of $156.82. The stock has a market capitalization of $312.07 billion, a PE ratio of 33.72, a P/E/G ratio of 1.73 and a beta of 1.00.

Visa (NYSE:V) last posted its earnings results on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. Visa had a return on equity of 39.32% and a net margin of 50.61%. The company’s revenue for the quarter was up 13.2% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share. Equities analysts predict that Visa Inc will post 5.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Friday, February 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date was Thursday, February 14th. Visa’s dividend payout ratio is currently 21.69%.

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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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