Fiera Capital Corp Lowers Holdings in Visa Inc (NYSE:V)

Fiera Capital Corp lessened its stake in Visa Inc (NYSE:V) by 5.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 317,154 shares of the credit-card processor’s stock after selling 19,110 shares during the quarter. Fiera Capital Corp’s holdings in Visa were worth $29,742,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Motco increased its holdings in shares of Visa by 25.1% in the second quarter. Motco now owns 1,176 shares of the credit-card processor’s stock worth $110,000 after purchasing an additional 236 shares during the period. BDO Wealth Advisors LLC purchased a new position in Visa in the second quarter worth $115,000. Mascoma Wealth Management LLC purchased a new position in Visa in the second quarter worth $122,000. SpiderRock Advisors LLC grew its position in Visa by 107.1% in the second quarter. SpiderRock Advisors LLC now owns 1,309 shares of the credit-card processor’s stock worth $124,000 after acquiring an additional 19,709 shares in the last quarter. Finally, Almanack Investment Partners LLC. purchased a new position in Visa in the second quarter worth $125,000. 81.50% of the stock is currently owned by institutional investors.

Several research analysts recently issued reports on V shares. Cantor Fitzgerald reiterated a “buy” rating and issued a $120.00 target price on shares of Visa in a research report on Wednesday, October 25th. Zacks Investment Research lowered shares of Visa from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. Jefferies Group upped their price target on shares of Visa from $125.00 to $127.00 and gave the company a “buy” rating in a research report on Monday, October 30th. Wells Fargo & Co upgraded shares of Visa from a “market perform” rating to an “outperform” rating and upped their price target for the company from $107.01 to $120.00 in a research report on Tuesday, October 10th. Finally, Barclays upped their price target on shares of Visa from $123.00 to $128.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. Visa has a consensus rating of “Buy” and an average target price of $118.99.

In related news, Director Robert W. Matschullat sold 6,220 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $113.76, for a total value of $707,587.20. Following the sale, the director now owns 57,368 shares in the company, valued at $6,526,183.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Tullier Kelly Mahon sold 49,702 shares of Visa stock in a transaction on Friday, December 15th. The stock was sold at an average price of $113.66, for a total transaction of $5,649,129.32. Following the transaction, the executive vice president now owns 76,202 shares in the company, valued at approximately $8,661,119.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,068 shares of company stock worth $6,597,262. Corporate insiders own 0.14% of the company’s stock.

Shares of Visa Inc (V) traded down $0.33 during midday trading on Friday, hitting $114.02. 5,248,311 shares of the company’s stock were exchanged, compared to its average volume of 8,663,394. Visa Inc has a fifty-two week low of $77.93 and a fifty-two week high of $114.92. The company has a market capitalization of $236,892.16, a P/E ratio of 40.72, a price-to-earnings-growth ratio of 1.67 and a beta of 0.97. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.61.

Visa (NYSE:V) last posted its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.05. Visa had a net margin of 36.49% and a return on equity of 31.80%. The firm had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. research analysts forecast that Visa Inc will post 4.07 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Friday, November 17th were issued a dividend of $0.195 per share. This is a boost from Visa’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s dividend payout ratio is presently 27.86%.

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About Visa

Visa Inc (Visa) is a payments technology company that connects consumers, merchants, financial institutions, businesses, strategic partners and government entities to electronic payments. The Company operates through payment services segment. The Company enables global commerce through the transfer of value and information among the participants.

Institutional Ownership by Quarter for Visa (NYSE:V)

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