Mackenzie Financial Corp Has $672.16 Million Holdings in Visa Inc. (NYSE:V)

Mackenzie Financial Corp cut its stake in Visa Inc. (NYSE:V) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,581,756 shares of the credit-card processor’s stock after selling 45,935 shares during the period. Visa makes up approximately 1.0% of Mackenzie Financial Corp’s holdings, making the stock its 21st biggest position. Mackenzie Financial Corp owned 0.14% of Visa worth $672,160,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of V. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter worth about $32,000. Financial Freedom LLC bought a new position in shares of Visa during the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC lifted its holdings in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on V shares. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Susquehanna increased their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. TD Cowen started coverage on shares of Visa in a research report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price for the company. Royal Bank of Canada increased their target price on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Monness Crespi & Hardt initiated coverage on shares of Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Visa Stock Up 0.0 %

Visa stock opened at $271.34 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company’s 50 day simple moving average is $279.93 and its 200 day simple moving average is $262.49. The firm has a market capitalization of $498.32 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.