Visa Inc (V) Shares Bought by Benjamin F. Edwards & Company Inc.
Benjamin F. Edwards & Company Inc. raised its position in shares of Visa Inc (NYSE:V) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,782 shares of the credit-card processor’s stock after buying an additional 622 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Visa were worth $2,028,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Visa by 2.1% in the second quarter. Vanguard Group Inc. now owns 127,020,401 shares of the credit-card processor’s stock valued at $11,911,973,000 after purchasing an additional 2,628,148 shares during the period. BlackRock Inc. boosted its holdings in Visa by 1.3% in the second quarter. BlackRock Inc. now owns 114,649,667 shares of the credit-card processor’s stock valued at $10,751,846,000 after purchasing an additional 1,440,034 shares during the period. Jennison Associates LLC boosted its holdings in Visa by 1.0% in the third quarter. Jennison Associates LLC now owns 21,283,466 shares of the credit-card processor’s stock valued at $2,239,872,000 after purchasing an additional 209,764 shares during the period. Bank of New York Mellon Corp boosted its holdings in Visa by 9.3% in the third quarter. Bank of New York Mellon Corp now owns 19,188,126 shares of the credit-card processor’s stock valued at $2,019,358,000 after purchasing an additional 1,624,700 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in Visa by 2.3% in the third quarter. Fisher Asset Management LLC now owns 15,971,471 shares of the credit-card processor’s stock valued at $1,680,838,000 after purchasing an additional 355,320 shares during the period. Institutional investors and hedge funds own 81.54% of the company’s stock.
In other Visa news, EVP Lynne Biggar sold 1,712 shares of Visa stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $120.00, for a total value of $205,440.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa 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 completion of the sale, the executive vice president now directly owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.
Visa Inc (V) opened at $123.20 on Wednesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.60. Visa Inc has a twelve month low of $87.85 and a twelve month high of $126.88. The stock has a market capitalization of $278,050.00, a PE ratio of 48.31, a P/E/G ratio of 1.65 and a beta of 1.00.
Visa (NYSE:V) last released its quarterly earnings results on Thursday, February 1st. The credit-card processor reported $1.08 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.86 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same quarter last year, the company posted $0.86 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. analysts expect that Visa Inc will post 4.36 EPS for the current year.
Visa announced that its Board of Directors has authorized a share buyback plan on Thursday, February 1st that allows the company to repurchase $7.50 billion in outstanding shares. This repurchase authorization allows the credit-card processor to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Friday, February 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.68%. This is a positive change from Visa’s previous quarterly dividend of $0.20. Visa’s dividend payout ratio (DPR) is currently 32.94%.
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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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