TPI Fund Managers Ltd Buys 3,423 Shares of Visa Inc (NYSE:V)

TPI Fund Managers Ltd increased its stake in Visa Inc (NYSE:V) by 3.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 104,367 shares of the credit-card processor’s stock after acquiring an additional 3,423 shares during the quarter. Visa makes up 5.1% of TPI Fund Managers Ltd’s holdings, making the stock its 6th largest holding. TPI Fund Managers Ltd’s holdings in Visa were worth $16,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rowland & Co. Investment Counsel ADV boosted its position in Visa by 4.4% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 1,183 shares of the credit-card processor’s stock valued at $222,000 after purchasing an additional 50 shares during the last quarter. Pratt Collard Advisory Partners LLC boosted its position in Visa by 3.6% during the fourth quarter. Pratt Collard Advisory Partners LLC now owns 1,445 shares of the credit-card processor’s stock valued at $272,000 after purchasing an additional 50 shares during the last quarter. Capital Investment Counsel Inc boosted its position in Visa by 0.3% during the fourth quarter. Capital Investment Counsel Inc now owns 17,031 shares of the credit-card processor’s stock valued at $3,200,000 after purchasing an additional 50 shares during the last quarter. Private Advisory Group LLC boosted its position in Visa by 3.0% during the fourth quarter. Private Advisory Group LLC now owns 1,758 shares of the credit-card processor’s stock valued at $330,000 after purchasing an additional 51 shares during the last quarter. Finally, Weaver Consulting Group boosted its position in Visa by 12.9% during the fourth quarter. Weaver Consulting Group now owns 445 shares of the credit-card processor’s stock valued at $77,000 after purchasing an additional 51 shares during the last quarter. Institutional investors and hedge funds own 81.88% of the company’s stock.

In other news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $161.40, for a total value of $1,129,800.00. Following the sale, the chief executive officer now directly owns 142,090 shares in the company, valued at approximately $22,933,326. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 21,000 shares of company stock worth $3,620,540. Corporate insiders own 0.19% of the company’s stock.

A number of analysts have weighed in on V shares. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Wednesday, February 12th. Cantor Fitzgerald boosted their price target on Visa from $200.00 to $228.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Raymond James boosted their price target on Visa from $188.00 to $204.00 and gave the stock an “outperform” rating in a research report on Friday, May 1st. Cowen boosted their price target on Visa from $189.00 to $196.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Credit Suisse Group reduced their price target on Visa from $223.00 to $200.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. Five equities research analysts have rated the stock with a hold rating and twenty-five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $202.75.

V traded up $0.24 on Friday, hitting $190.86. 5,581,642 shares of the stock traded hands, compared to its average volume of 9,964,502. Visa Inc has a 52 week low of $133.93 and a 52 week high of $214.17. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $370.47 billion, a PE ratio of 34.39, a P/E/G ratio of 3.03 and a beta of 0.92. The business has a fifty day moving average price of $173.48 and a two-hundred day moving average price of $183.49.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, April 30th. The credit-card processor reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. Visa had a return on equity of 43.45% and a net margin of 52.26%. The firm had revenue of $5.85 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the previous year, the company posted $1.31 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, equities research analysts forecast that Visa Inc will post 4.99 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Thursday, May 14th will be paid a $0.30 dividend. The ex-dividend date is Wednesday, May 13th. This represents a $1.20 annualized dividend and a dividend yield of 0.63%. Visa’s dividend payout ratio is currently 22.06%.

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.

Featured Story: How is Preferred Stock Different from Common Stock?

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc (NYSE:V).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.