Bingham Osborn & Scarborough LLC Decreases Position in Visa Inc (V)

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Bingham Osborn & Scarborough LLC cut its holdings in Visa Inc (NYSE:V) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,404 shares of the credit-card processor’s stock after selling 106 shares during the period. Bingham Osborn & Scarborough LLC’s holdings in Visa were worth $449,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in V. Highwater Wealth Management LLC bought a new stake in Visa during the fourth quarter worth about $33,000. Ironwood Financial llc lifted its position in Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. lifted its position in Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 255 shares during the period. G&S Capital LLC lifted its holdings in shares of Visa by 86.0% in the fourth quarter. G&S Capital LLC now owns 519 shares of the credit-card processor’s stock worth $68,000 after acquiring an additional 240 shares during the last quarter. Finally, Financial Advantage Inc. bought a new position in shares of Visa in the fourth quarter worth about $68,000. Institutional investors and hedge funds own 80.94% of the company’s stock.

V has been the subject of a number of research reports. Nomura increased their target price on shares of Visa from $151.00 to $175.00 in a report on Thursday, April 11th. Cantor Fitzgerald reissued a “buy” rating and issued a $160.00 target price on shares of Visa in a report on Thursday, January 31st. Jefferies Financial Group initiated coverage on shares of Visa in a report on Monday, January 28th. They issued a “buy” rating and a $135.99 target price for the company. reissued a “buy” rating on shares of Visa in a report on Tuesday, February 12th. Finally, Deutsche Bank increased their target price on shares of Visa from $160.00 to $177.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. One analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $169.68.

Shares of NYSE V opened at $160.16 on Friday. The company has a market capitalization of $321.50 billion, a P/E ratio of 34.74, a price-to-earnings-growth ratio of 1.83 and a beta of 1.00. Visa Inc has a 1 year low of $119.37 and a 1 year high of $161.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.50 and a quick ratio of 1.50.

Visa (NYSE:V) last issued its quarterly earnings data on Wednesday, January 30th. The credit-card processor reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.05. The business had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.41 billion. Visa had a net margin of 50.61% and a return on equity of 39.32%. The firm’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business earned $1.08 EPS. Analysts forecast that Visa Inc will post 5.32 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.62%. Visa’s dividend payout ratio (DPR) is presently 21.69%.

In other Visa news, EVP Lynne Biggar sold 15,000 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $150.00, for a total transaction of $2,250,000.00. Following the completion of the sale, the executive vice president now owns 22,294 shares of the company’s stock, valued at approximately $3,344,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Tullier Kelly Mahon sold 91,046 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $156.29, for a total transaction of $14,229,579.34. Following the sale, the executive vice president now directly owns 120,602 shares of the company’s stock, valued at approximately $18,848,886.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 193,531 shares of company stock valued at $28,797,949. 0.17% of the stock is owned by company insiders.

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About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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