Aptus Capital Advisors LLC raised its position in shares of Visa Inc (NYSE:V) by 72.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,952 shares of the credit-card processor’s stock after acquiring an additional 13,857 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Visa were worth $5,309,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in V. GPM Growth Investors Inc. bought a new position in shares of Visa during the fourth quarter valued at approximately $6,262,000. Wendell David Associates Inc. increased its holdings in shares of Visa by 5.3% during the fourth quarter. Wendell David Associates Inc. now owns 16,156 shares of the credit-card processor’s stock valued at $3,036,000 after acquiring an additional 812 shares in the last quarter. Penn Davis Mcfarland Inc. raised its position in shares of Visa by 25.6% in the 4th quarter. Penn Davis Mcfarland Inc. now owns 5,525 shares of the credit-card processor’s stock worth $1,038,000 after purchasing an additional 1,125 shares during the last quarter. Huntington National Bank boosted its stake in Visa by 4.4% in the 4th quarter. Huntington National Bank now owns 459,432 shares of the credit-card processor’s stock worth $86,328,000 after purchasing an additional 19,572 shares in the last quarter. Finally, YorkBridge Wealth Partners LLC grew its position in Visa by 0.9% during the 4th quarter. YorkBridge Wealth Partners LLC now owns 25,281 shares of the credit-card processor’s stock valued at $4,750,000 after purchasing an additional 224 shares during the last quarter. 82.43% of the stock is owned by hedge funds and other institutional investors.

In other Visa news, EVP Lynne Biggar sold 5,500 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $211.18, for a total transaction of $1,161,490.00. Following the completion of the transaction, the executive vice president now owns 19,370 shares in the company, valued at $4,090,556.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction on Monday, March 30th. The shares were sold at an average price of $161.40, for a total transaction of $1,129,800.00. Following the transaction, the chief executive officer now owns 142,090 shares of the company’s stock, valued at approximately $22,933,326. The disclosure for this sale can be found here. Insiders sold 26,500 shares of company stock worth $4,782,030 over the last ninety days. Insiders own 0.19% of the company’s stock.

A number of research firms have recently commented on V. Guggenheim cut shares of Visa from a “buy” rating to a “neutral” rating in a report on Wednesday, April 22nd. Citigroup boosted their target price on Visa from $190.00 to $194.00 and gave the stock a “buy” rating in a research report on Thursday, April 9th. Wells Fargo & Co dropped their price target on shares of Visa from $230.00 to $205.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley lifted their price target on shares of Visa from $183.00 to $196.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Finally, Royal Bank of Canada increased their price objective on shares of Visa from $195.00 to $212.00 and gave the company an “outperform” rating in a research report on Friday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $203.00.

Shares of NYSE:V opened at $183.49 on Friday. The firm’s 50 day simple moving average is $169.86 and its two-hundred day simple moving average is $183.15. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $359.72 billion, a P/E ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92. Visa Inc has a 1-year low of $133.93 and a 1-year high of $214.17.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Thursday, May 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 0.65%. The ex-dividend date is Wednesday, May 13th. Visa’s payout ratio is currently 22.06%.

About Visa

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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