Mirabaud & Cie SA Decreases Stock Holdings in Visa Inc. $V

by · The Markets Daily

Mirabaud & Cie SA lowered its stake in Visa Inc. (NYSE:VFree Report) by 22.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 22,701 shares of the credit-card processor’s stock after selling 6,674 shares during the quarter. Visa accounts for about 2.6% of Mirabaud & Cie SA’s portfolio, making the stock its 11th biggest holding. Mirabaud & Cie SA’s holdings in Visa were worth $7,961,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. TCI Fund Management Ltd. grew its position in shares of Visa by 14.6% in the second quarter. TCI Fund Management Ltd. now owns 19,067,558 shares of the credit-card processor’s stock valued at $6,769,936,000 after purchasing an additional 2,429,996 shares during the period. Corient Private Wealth LLC raised its position in shares of Visa by 110.4% during the 2nd quarter. Corient Private Wealth LLC now owns 3,954,937 shares of the credit-card processor’s stock worth $1,396,930,000 after purchasing an additional 2,075,289 shares during the last quarter. Holocene Advisors LP lifted its stake in Visa by 286.4% in the 3rd quarter. Holocene Advisors LP now owns 2,526,026 shares of the credit-card processor’s stock valued at $862,335,000 after buying an additional 1,872,362 shares in the last quarter. SG Americas Securities LLC lifted its stake in Visa by 121.7% in the 4th quarter. SG Americas Securities LLC now owns 3,022,411 shares of the credit-card processor’s stock valued at $1,059,990,000 after buying an additional 1,658,954 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in Visa in the 3rd quarter worth about $565,684,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Stock Up 0.0%

V stock opened at $300.88 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average of $315.08 and a two-hundred day moving average of $331.53. Visa Inc. has a 12 month low of $293.89 and a 12 month high of $375.51. The company has a market cap of $546.14 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 1.72 and a beta of 0.80.

Visa (NYSE:VGet Free Report) last issued its earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, topping the consensus estimate of $3.14 by $0.03. The business had revenue of $10.90 billion for the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business’s revenue for the quarter was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 EPS. As a group, analysts forecast that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Tuesday, February 10th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 10th. This represents a $2.68 dividend on an annualized basis and a yield of 0.9%. Visa’s payout ratio is 25.14%.

Insider Transactions at Visa

In other Visa news, Director Lloyd Carney sold 650 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $309.62, for a total value of $201,253.00. Following the completion of the sale, the director directly owned 2,679 shares in the company, valued at $829,471.98. This represents a 19.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Trending Headlines about Visa

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Wall Street Analysts Forecast Growth

Several equities research analysts have commented on V shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $395.00 price objective on shares of Visa in a research note on Friday, January 30th. Bank of America initiated coverage on Visa in a research report on Thursday, March 5th. They issued a “buy” rating and a $410.00 target price on the stock. UBS Group dropped their price target on Visa from $425.00 to $390.00 and set a “buy” rating for the company in a research report on Tuesday. Freedom Capital raised Visa from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 16th. Finally, Rothschild & Co Redburn set a $385.00 price objective on Visa in a report on Wednesday, January 28th. Seven investment analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $390.96.

Read Our Latest Stock Analysis on Visa

About Visa

(Free Report)

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.

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