Integre Asset Management LLC Continues to Hold Position in Visa Inc (V)

Integre Asset Management LLC held its stake in shares of Visa Inc (NYSE:V) during the fourth quarter, Holdings Channel reports. The firm owned 11,048 shares of the credit-card processor’s stock at the end of the fourth quarter. Integre Asset Management LLC’s holdings in Visa were worth $862,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of V. State Street Corp raised its position in Visa by 2.6% in the fourth quarter. State Street Corp now owns 82,748,981 shares of the credit-card processor’s stock valued at $6,456,063,000 after buying an additional 2,111,820 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in Visa by 0.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 51,126,744 shares of the credit-card processor’s stock valued at $4,228,182,000 after buying an additional 239,481 shares during the period. JPMorgan Chase & Co. increased its position in shares of Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after buying an additional 1,061,427 shares during the period. BlackRock Fund Advisors increased its position in shares of Visa by 3.7% in the third quarter. BlackRock Fund Advisors now owns 27,427,533 shares of the credit-card processor’s stock valued at $2,268,257,000 after buying an additional 967,565 shares during the period. Finally, Edgewood Management LLC increased its position in shares of Visa by 1.0% in the fourth quarter. Edgewood Management LLC now owns 11,880,171 shares of the credit-card processor’s stock valued at $926,891,000 after buying an additional 119,292 shares during the period. 80.14% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Visa (NYSE:V)

Shares of Visa Inc (NYSE:V) opened at 89.19 on Monday. The stock has a 50 day moving average price of $88.11 and a 200 day moving average price of $82.87. The stock has a market cap of $207.29 billion, a P/E ratio of 34.57 and a beta of 1.00. Visa Inc has a 12 month low of $73.25 and a 12 month high of $92.05.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.08. The business earned $4.46 billion during the quarter, compared to analyst estimates of $4.29 billion. Visa had a return on equity of 26.48% and a net margin of 38.30%. The company’s revenue was up 25.1% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. Equities analysts anticipate that Visa Inc will post $3.32 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Friday, February 17th were paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Wednesday, February 15th. Visa’s dividend payout ratio is presently 26.09%.

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V has been the topic of several analyst reports. Vetr upgraded Visa from a “hold” rating to a “buy” rating and set a $85.82 target price on the stock in a research note on Thursday, February 2nd. Stifel Nicolaus lowered their target price on Visa from $105.00 to $93.00 and set a “buy” rating on the stock in a research note on Friday, February 3rd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $104.00 target price on shares of Visa in a research note on Saturday, March 11th. Bank of America Corp upgraded Visa from a “neutral” rating to a “buy” rating and set a $92.00 target price on the stock in a research note on Thursday, December 15th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Visa in a research note on Wednesday, March 8th. One research analyst has rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $94.31.

In other news, EVP William M. Sheedy sold 125,372 shares of the firm’s stock in a transaction on Monday, February 6th. The stock was sold at an average price of $85.74, for a total transaction of $10,749,395.28. Following the completion of the sale, the executive vice president now directly owns 365,769 shares of the company’s stock, valued at approximately $31,361,034.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP James H. Hoffmeister sold 11,139 shares of the stock in a transaction on Tuesday, February 7th. The shares were sold at an average price of $85.95, for a total value of $957,397.05. Following the completion of the sale, the senior vice president now owns 6,390 shares of the company’s stock, valued at approximately $549,220.50. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

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.

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