196,730 Shares in Visa Inc. (NYSE:V) Purchased by Caisse Des Depots ET Consignations

Caisse Des Depots ET Consignations purchased a new stake in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 196,730 shares of the credit-card processor’s stock, valued at approximately $62,421,000. Visa accounts for 3.0% of Caisse Des Depots ET Consignations’ holdings, making the stock its 7th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC increased its stake in Visa by 0.6% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Principal Financial Group Inc. boosted its stake in Visa by 7.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,733,284 shares of the credit-card processor’s stock valued at $1,576,366,000 after purchasing an additional 411,210 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Visa during the 3rd quarter valued at about $1,778,000. Truvestments Capital LLC purchased a new stake in Visa during the 3rd quarter valued at $133,000. Finally, Cadence Bank grew its stake in shares of Visa by 2.4% during the 3rd quarter. Cadence Bank now owns 18,026 shares of the credit-card processor’s stock valued at $4,956,000 after purchasing an additional 425 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Visa news, insider Tullier Kelly Mahon sold 33,741 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the completion of the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the sale, the insider now owns 26,413 shares in the company, valued at $8,642,333.60. This represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 143,205 shares of company stock valued at $48,560,961 over the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Susquehanna restated a “positive” rating on shares of Visa in a research note on Friday, March 21st. Oppenheimer reiterated an “outperform” rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reaffirmed an “outperform” rating and set a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Finally, The Goldman Sachs Group boosted their price target on shares of Visa from $346.00 to $384.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Six investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Trading Down 0.2 %

NYSE V opened at $344.05 on Thursday. The firm’s fifty day moving average is $342.50 and its two-hundred day moving average is $314.42. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $639.17 billion, a PE ratio of 34.68, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s dividend 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.