Migdal Insurance & Financial Holdings Ltd. Acquires 1,056 Shares of Visa Inc. (NYSE:V)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in Visa Inc. (NYSE:V) by 0.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,610 shares of the credit-card processor’s stock after acquiring an additional 1,056 shares during the quarter. Visa accounts for 0.8% of Migdal Insurance & Financial Holdings Ltd.’s portfolio, making the stock its 29th largest holding. Migdal Insurance & Financial Holdings Ltd.’s holdings in Visa were worth $41,294,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Investment Advisory Services Inc. TX ADV lifted its position in Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after purchasing an additional 78 shares during the period. Towerpoint Wealth LLC bought a new position in Visa in the fourth quarter worth $216,000. Wayfinding Financial LLC lifted its position in Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after purchasing an additional 161 shares during the period. Richelieu Gestion SA bought a new position in Visa in the fourth quarter worth $307,000. Finally, Cooper Financial Group lifted its position in Visa by 6.4% in the fourth quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock worth $2,064,000 after purchasing an additional 476 shares during the period. 82.15% of the stock is owned by institutional investors.

Visa Stock Performance

Shares of NYSE:V opened at $271.37 on Friday. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The firm has a market cap of $498.37 billion, a PE ratio of 31.23, a price-to-earnings-growth ratio of 1.88 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. The business has a fifty day moving average of $279.71 and a 200-day moving average of $262.62.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.18 earnings per share. On average, equities research analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

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

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,965 shares of company stock worth $5,256,352. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several research reports. Citigroup raised their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Barclays increased their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Royal Bank of Canada increased their price objective on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. UBS Group increased their price objective on Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Profile

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.