Cedar Brook Financial Partners LLC raised its holdings in Visa Inc (NYSE:V) by 6.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,210 shares of the credit-card processor’s stock after buying an additional 333 shares during the period. Cedar Brook Financial Partners LLC’s holdings in Visa were worth $839,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in V. Geode Capital Management LLC lifted its stake in shares of Visa by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 27,228,424 shares of the credit-card processor’s stock worth $5,106,530,000 after buying an additional 733,712 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Visa by 0.6% in the first quarter. Fisher Asset Management LLC now owns 20,319,088 shares of the credit-card processor’s stock valued at $3,273,812,000 after purchasing an additional 116,273 shares during the last quarter. Norges Bank bought a new position in shares of Visa during the fourth quarter worth approximately $3,303,463,000. Loomis Sayles & Co. L P lifted its holdings in Visa by 4.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 16,638,866 shares of the credit-card processor’s stock worth $3,126,443,000 after purchasing an additional 767,660 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its stake in Visa by 2.8% in the 4th quarter. Magellan Asset Management Ltd now owns 14,517,335 shares of the credit-card processor’s stock valued at $2,727,807,000 after purchasing an additional 394,660 shares during the period. 82.43% of the stock is owned by institutional investors.

V has been the subject of a number of research reports. Macquarie assumed coverage on Visa in a report on Tuesday, January 21st. They set an “outperform” rating and a $250.00 target price for the company. Jefferies Financial Group downgraded shares of Visa from a “buy” rating to a “hold” rating and cut their price objective for the company from $190.00 to $180.00 in a report on Wednesday, April 15th. Stephens lowered their target price on shares of Visa from $228.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Oppenheimer boosted their price target on Visa from $175.00 to $190.00 and gave the company an “outperform” rating in a research note on Friday, May 1st. Finally, Raymond James raised their price objective on Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a research note on Friday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Visa has an average rating of “Buy” and a consensus price target of $203.00.

In related news, EVP Lynne Biggar sold 5,500 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 19,370 shares of the company’s stock, valued at approximately $4,090,556.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $181.78, for a total transaction of $1,272,460.00. Following the completion of the sale, the chief executive officer now owns 139,090 shares in the company, valued at $25,283,780.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,500 shares of company stock worth $4,782,030. Company insiders own 0.19% of the company’s stock.

NYSE:V opened at $183.49 on Friday. Visa Inc has a one year low of $133.93 and a one year high of $214.17. 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 cap of $359.72 billion, a PE ratio of 33.06, a P/E/G ratio of 2.66 and a beta of 0.92. The firm’s 50 day simple moving average is $169.86 and its 200 day simple moving average is $183.15.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 return on equity of 43.45% and a net margin of 52.26%. Visa’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share. Equities research analysts expect that Visa Inc will post 4.99 EPS for the current year.

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

Visa 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.

See Also: Arbitrage

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).

Institutional Ownership by Quarter for Visa (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.