Visa Inc (V) Shares Bought by Parsons Capital Management Inc. RI
Parsons Capital Management Inc. RI increased its holdings in shares of Visa Inc (NYSE:V) by 23.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 30,191 shares of the credit-card processor’s stock after purchasing an additional 5,825 shares during the period. Parsons Capital Management Inc. RI’s holdings in Visa were worth $3,611,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Dempze Nancy E lifted its position in shares of Visa by 11.2% in the 4th quarter. Dempze Nancy E now owns 4,966 shares of the credit-card processor’s stock worth $566,000 after purchasing an additional 500 shares during the period. CIBC Asset Management Inc lifted its position in shares of Visa by 7.1% in the 4th quarter. CIBC Asset Management Inc now owns 270,370 shares of the credit-card processor’s stock worth $30,828,000 after purchasing an additional 17,836 shares during the period. Klingman & Associates LLC purchased a new stake in shares of Visa in the 4th quarter worth about $303,000. Puzo Michael J lifted its position in shares of Visa by 9.3% in the 4th quarter. Puzo Michael J now owns 11,280 shares of the credit-card processor’s stock worth $1,287,000 after purchasing an additional 960 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of Visa by 7.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 2,167,174 shares of the credit-card processor’s stock worth $247,101,000 after purchasing an additional 145,655 shares during the period. 79.87% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE V opened at $140.01 on Friday. Visa Inc has a 1 year low of $99.43 and a 1 year high of $143.14. The stock has a market cap of $284.21 billion, a P/E ratio of 40.23, a price-to-earnings-growth ratio of 1.79 and a beta of 1.06. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.69 and a quick ratio of 1.69.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 4th. Shareholders of record on Friday, August 17th will be issued a $0.21 dividend. The ex-dividend date is Thursday, August 16th. This represents a $0.84 annualized dividend and a yield of 0.60%. Visa’s dividend payout ratio (DPR) is presently 24.14%.
Several equities research analysts have recently commented on V shares. Zacks Investment Research cut shares of Visa from a “buy” rating to a “hold” rating in a research report on Friday, April 20th. Morgan Stanley raised their target price on shares of Visa from $140.00 to $142.00 and gave the stock an “overweight” rating in a research report on Thursday, April 26th. Buckingham Research raised their target price on shares of Visa from $150.00 to $152.00 and gave the stock a “buy” rating in a research report on Thursday, April 26th. Argus raised their target price on shares of Visa from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, April 27th. Finally, UBS Group started coverage on shares of Visa in a research report on Friday, May 18th. They issued a “neutral” rating and a $141.00 target price for the company. Three analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $147.61.
In other Visa news, SVP James H. Hoffmeister sold 6,912 shares of Visa stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $140.01, for a total value of $967,749.12. Following the completion of the transaction, the senior vice president now directly owns 6,912 shares of the company’s stock, valued at $967,749.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.
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.
Read More: What does relative strength index mean?
Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.