Skandinaviska Enskilda Banken AB publ decreased its position in shares of Visa Inc. (NYSE:V) by 0.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369,419 shares of the credit-card processor’s stock after selling 764 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Visa were worth $32,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in V. Ibex Wealth Advisors raised its position in shares of Visa by 1.5% in the fourth quarter. Ibex Wealth Advisors now owns 49,249 shares of the credit-card processor’s stock worth $4,030,000 after buying an additional 746 shares during the period. Pekin Singer Strauss Asset Management IL acquired a new position in shares of Visa during the fourth quarter worth about $1,104,000. Baltimore Washington Financial Advisors Inc. raised its position in shares of Visa by 7.1% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 69,272 shares of the credit-card processor’s stock worth $5,404,000 after buying an additional 4,605 shares during the period. Perigon Wealth Management LLC raised its position in shares of Visa by 14.3% in the fourth quarter. Perigon Wealth Management LLC now owns 59,417 shares of the credit-card processor’s stock worth $5,276,000 after buying an additional 7,412 shares during the period. Finally, Hendley & Co. Inc. raised its position in shares of Visa by 26.0% in the fourth quarter. Hendley & Co. Inc. now owns 74,510 shares of the credit-card processor’s stock worth $5,813,000 after buying an additional 15,380 shares during the period. Hedge funds and other institutional investors own 82.29% of the company’s stock.

Visa Inc. (NYSE V) traded up 0.40% during trading on Friday, reaching $102.57. The company’s stock had a trading volume of 2,147,282 shares. Visa Inc. has a 1-year low of $75.17 and a 1-year high of $103.93. The company’s 50-day moving average is $98.54 and its 200-day moving average is $92.63. The company has a market capitalization of $234.52 billion, a P/E ratio of 38.14 and a beta of 0.94. Visa also saw unusually large options trading on Wednesday. Stock traders bought 12,583 put options on the company. This represents an increase of 163% compared to the average volume of 4,785 put options.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, July 20th. The credit-card processor reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.05. The company had revenue of $4.57 billion for the quarter, compared to the consensus estimate of $4.36 billion. Visa had a return on equity of 30.95% and a net margin of 36.53%. The company’s quarterly revenue was up 25.8% compared to the same quarter last year. During the same period last year, the business posted $0.69 EPS. Equities analysts anticipate that Visa Inc. will post $3.43 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Friday, August 18th will be issued a $0.165 dividend. The ex-dividend date is Wednesday, August 16th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.65%. Visa’s dividend payout ratio (DPR) is 24.54%.

Visa declared that its board has approved a share repurchase program on Thursday, April 20th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the credit-card processor to repurchase up to 2.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

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V has been the topic of a number of recent analyst reports. Royal Bank Of Canada increased their target price on Visa from $97.00 to $98.00 and gave the company an “outperform” rating in a research report on Friday, April 21st. Cowen and Company reiterated an “outperform” rating and set a $105.00 target price (up previously from $100.00) on shares of Visa in a research report on Sunday, April 23rd. Jefferies Group LLC reiterated a “buy” rating and set a $104.00 target price on shares of Visa in a research report on Sunday, April 23rd. Instinet reiterated a “buy” rating and set a $105.00 target price (up previously from $103.00) on shares of Visa in a research report on Sunday, April 23rd. Finally, Barclays PLC reiterated an “overweight” rating and set a $106.00 target price (up previously from $103.00) on shares of Visa in a research report on Sunday, April 23rd. Four investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $104.56.

In other news, EVP Tullier Kelly Mahon sold 29,772 shares of the firm’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $100.91, for a total value of $3,004,292.52. Following the transaction, the executive vice president now directly owns 17,360 shares in the company, valued at approximately $1,751,797.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

About Visa

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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