Visa Inc. (NYSE:V) is Stonehage Fleming Financial Services Holdings Ltd’s 6th Largest Position

Stonehage Fleming Financial Services Holdings Ltd lifted its holdings in Visa Inc. (NYSE:VFree Report) by 48.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 296,627 shares of the credit-card processor’s stock after purchasing an additional 97,445 shares during the period. Visa comprises about 5.4% of Stonehage Fleming Financial Services Holdings Ltd’s portfolio, making the stock its 6th largest holding. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Visa were worth $77,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Schroder Investment Management Group increased its stake in Visa by 1.8% during the 4th quarter. Schroder Investment Management Group now owns 5,206,596 shares of the credit-card processor’s stock worth $1,355,537,000 after buying an additional 90,749 shares in the last quarter. Prudential PLC increased its stake in Visa by 1.1% during the 4th quarter. Prudential PLC now owns 150,427 shares of the credit-card processor’s stock worth $39,164,000 after buying an additional 1,695 shares in the last quarter. Kolinsky Wealth Management LLC increased its stake in Visa by 1.6% during the 4th quarter. Kolinsky Wealth Management LLC now owns 3,765 shares of the credit-card processor’s stock worth $980,000 after buying an additional 61 shares in the last quarter. CFS Investment Advisory Services LLC increased its stake in Visa by 11.4% during the 4th quarter. CFS Investment Advisory Services LLC now owns 2,387 shares of the credit-card processor’s stock worth $621,000 after buying an additional 245 shares in the last quarter. Finally, Frank Rimerman Advisors LLC purchased a new stake in Visa during the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Citigroup upped their price target on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price target on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. TD Cowen assumed coverage on Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. Finally, Macquarie upped their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $303.76.

Get Our Latest Research Report on V

Insider Activity

In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,402 shares of company stock worth $9,559,382. Corporate insiders own 0.19% of the company’s stock.

Visa Trading Up 0.6 %

Shares of V traded up $1.63 during midday trading on Friday, hitting $278.67. 4,515,795 shares of the stock were exchanged, compared to its average volume of 7,365,000. Visa Inc. has a 52-week low of $221.37 and a 52-week high of $290.96. The stock has a fifty day simple moving average of $274.63 and a 200 day simple moving average of $271.57. The firm has a market cap of $509.67 billion, a P/E ratio of 31.14, a P/E/G ratio of 1.90 and a beta of 0.97. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:VGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $2.09 earnings per share. On average, research analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Stockholders of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Thursday, May 16th. Visa’s payout ratio is currently 23.24%.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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