Visa Inc. $V Shares Purchased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co raised its position in Visa Inc. (NYSE:V) by 9.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 194,624 shares of the credit-card processor’s stock after acquiring an additional 16,004 shares during the quarter. Visa accounts for about 1.1% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 14th biggest position. Elo Mutual Pension Insurance Co’s holdings in Visa were worth $66,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Insight Wealth Strategies LLC grew its stake in shares of Visa by 1.6% in the third quarter. Insight Wealth Strategies LLC now owns 1,875 shares of the credit-card processor’s stock worth $640,000 after purchasing an additional 29 shares in the last quarter. Old Port Advisors lifted its stake in shares of Visa by 0.9% in the 3rd quarter. Old Port Advisors now owns 3,423 shares of the credit-card processor’s stock worth $1,169,000 after acquiring an additional 29 shares during the period. Carr Financial Group Corp lifted its stake in shares of Visa by 2.4% in the 3rd quarter. Carr Financial Group Corp now owns 1,290 shares of the credit-card processor’s stock worth $440,000 after acquiring an additional 30 shares during the period. Define Financial LLC boosted its holdings in shares of Visa by 4.0% in the third quarter. Define Financial LLC now owns 779 shares of the credit-card processor’s stock valued at $266,000 after acquiring an additional 30 shares in the last quarter. Finally, Patron Partners LLC increased its stake in shares of Visa by 0.6% during the third quarter. Patron Partners LLC now owns 4,648 shares of the credit-card processor’s stock valued at $1,587,000 after acquiring an additional 30 shares during the period. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $349.18, for a total value of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This trade represents a 52.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on V. Rothschild & Co Redburn set a $385.00 price objective on Visa in a research note on Wednesday, January 28th. Macquarie Infrastructure reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Visa in a research note on Friday, January 30th. Weiss Ratings reissued a “buy (b)” rating on shares of Visa in a research note on Wednesday, January 21st. HSBC raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 8th. Finally, Daiwa Securities Group raised Visa from a “neutral” rating to an “outperform” rating and set a $370.00 target price for the company in a report on Monday, February 2nd. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $391.43.

Visa Price Performance

Shares of NYSE:V opened at $319.07 on Monday. The stock has a market capitalization of $579.17 billion, a P/E ratio of 29.93, a P/E/G ratio of 1.83 and a beta of 0.78. The business has a 50-day moving average of $333.00 and a two-hundred day moving average of $338.09. Visa Inc. has a fifty-two week low of $299.00 and a fifty-two week high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.11.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business had revenue of $10.90 billion for the quarter, compared to the consensus estimate of $10.69 billion. During the same period last year, the business earned $2.75 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. On average, equities research analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. The ex-dividend date of this dividend is Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.8%. Visa’s payout ratio is currently 25.14%.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.