GM Advisory Group Inc. raised its stake in Visa Inc (NYSE:V) by 32.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,675 shares of the credit-card processor’s stock after purchasing an additional 1,150 shares during the period. GM Advisory Group Inc.’s holdings in Visa were worth $753,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Visa in the fourth quarter valued at about $3,303,463,000. Swiss National Bank boosted its position in shares of Visa by 20.4% in the first quarter. Swiss National Bank now owns 7,386,394 shares of the credit-card processor’s stock valued at $1,190,096,000 after acquiring an additional 1,250,400 shares during the period. Altshuler Shaham Ltd boosted its position in shares of Visa by 7,520.5% in the first quarter. Altshuler Shaham Ltd now owns 1,215,920 shares of the credit-card processor’s stock valued at $195,909,000 after acquiring an additional 1,199,964 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in shares of Visa in the first quarter valued at about $182,892,000. Finally, Renaissance Technologies LLC boosted its position in shares of Visa by 1,683.4% in the fourth quarter. Renaissance Technologies LLC now owns 893,500 shares of the credit-card processor’s stock valued at $167,889,000 after acquiring an additional 843,400 shares during the period. Hedge funds and other institutional investors own 81.59% of the company’s stock.

Shares of Visa stock traded up $0.54 on Wednesday, hitting $196.90. The stock had a trading volume of 5,745,354 shares, compared to its average volume of 8,819,907. The stock has a 50 day moving average of $179.95 and a 200 day moving average of $184.26. Visa Inc has a twelve month low of $133.93 and a twelve month high of $214.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.25 and a current ratio of 1.25. The firm has a market capitalization of $377.72 billion, a P/E ratio of 35.39, a PEG ratio of 3.09 and a beta of 0.93.

Visa (NYSE:V) last released its earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.04. The business had revenue of $5.85 billion during the quarter, compared to the consensus estimate of $5.75 billion. Visa had a net margin of 52.26% and a return on equity of 43.45%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.31 EPS. Equities analysts expect that Visa Inc will post 4.99 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Wednesday, May 13th. Visa’s dividend payout ratio is presently 22.06%.

V has been the subject of a number of recent research reports. Oppenheimer started coverage on shares of Visa in a research report on Monday. They issued an “outperform” rating for the company. Raymond James upped their price objective on shares of Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. UBS Group cut their price objective on shares of Visa from $190.00 to $188.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Credit Suisse Group cut their price objective on shares of Visa from $223.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Finally, Jefferies Financial Group cut shares of Visa from a “buy” rating to a “hold” rating and cut their price objective for the stock from $190.00 to $180.00 in a research report on Wednesday, April 15th. Five research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Visa currently has an average rating of “Buy” and an average price target of $204.18.

In other Visa news, President Ryan Mcinerney sold 26,150 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $191.87, for a total transaction of $5,017,400.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the firm’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $194.50, for a total value of $1,361,500.00. Following the transaction, the chief executive officer now owns 136,090 shares in the company, valued at $26,469,505. The disclosure for this sale can be found here. Insiders have sold a total of 47,150 shares of company stock valued at $8,781,161 in the last three months. Insiders own 0.19% of the company’s stock.

Visa Company 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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