Visa Inc. (NYSE:V) Shares Acquired by Plato Investment Management Ltd

Plato Investment Management Ltd increased its stake in Visa Inc. (NYSE:V) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,923 shares of the credit-card processor’s stock after buying an additional 1,058 shares during the quarter. Visa comprises 1.0% of Plato Investment Management Ltd’s portfolio, making the stock its 11th largest position. Plato Investment Management Ltd’s holdings in Visa were worth $13,932,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in shares of Visa in the fourth quarter valued at about $24,178,000. Jones Financial Companies Lllp grew its stake in Visa by 30.0% during the 4th quarter. Jones Financial Companies Lllp now owns 400,306 shares of the credit-card processor’s stock valued at $126,513,000 after purchasing an additional 92,261 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in Visa by 39.2% during the 4th quarter. SRS Capital Advisors Inc. now owns 17,263 shares of the credit-card processor’s stock valued at $5,456,000 after purchasing an additional 4,857 shares in the last quarter. Halbert Hargrove Global Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $137,000. Finally, Kinsale Capital Group Inc. grew its stake in Visa by 12.3% during the 4th quarter. Kinsale Capital Group Inc. now owns 30,085 shares of the credit-card processor’s stock valued at $9,508,000 after purchasing an additional 3,284 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This trade represents a 34.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold 55,885 shares of company stock valued at $19,161,447 in the last quarter. Corporate insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Bank of America raised their price objective on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price objective on Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Barclays raised their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Oppenheimer restated an “outperform” rating on shares of Visa in a research note on Thursday, February 13th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Visa has an average rating of “Moderate Buy” and an average price target of $353.96.

Visa Trading Down 0.3 %

Shares of NYSE V opened at $361.60 on Tuesday. The company has a market cap of $671.77 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock’s 50 day simple moving average is $333.92 and its 200 day simple moving average is $306.64.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities research analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.65%. The ex-dividend date was Tuesday, February 11th. Visa’s payout ratio is currently 23.79%.

Visa Company 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.