Visa Inc. (NYSE:V) Shares Sold by Jacobs & Co. CA


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Jacobs & Co. CA reduced its stake in shares of Visa Inc. (NYSE:V) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 101,116 shares of the credit-card processor’s stock after selling 315 shares during the quarter. Visa comprises 2.6% of Jacobs & Co. CA’s portfolio, making the stock its 5th biggest position. Jacobs & Co. CA’s holdings in Visa were worth $21,409,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC grew its position in shares of Visa by 129.1% in the 4th quarter. FNY Investment Advisers LLC now owns 126 shares of the credit-card processor’s stock valued at $27,000 after purchasing an additional 71 shares during the period. Kinloch Capital LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $27,000. Horan Securities Inc. grew its position in shares of Visa by 432.0% in the 4th quarter. Horan Securities Inc. now owns 133 shares of the credit-card processor’s stock valued at $29,000 after purchasing an additional 108 shares during the period. Cowa LLC acquired a new position in shares of Visa in the 4th quarter valued at approximately $29,000. Finally, New Capital Management LP acquired a new position in Visa during the 4th quarter worth approximately $35,000. Institutional investors own 80.50% of the company’s stock.

V has been the subject of a number of recent research reports. Sanford C. Bernstein initiated coverage on Visa in a research report on Tuesday, January 26th. They set an “outperform” rating and a $232.00 price target for the company. Barclays reaffirmed a “buy” rating and set a $230.00 price target on shares of Visa in a research report on Tuesday, December 22nd. Credit Suisse Group upped their price target on Visa from $255.00 to $265.00 and gave the stock an “outperform” rating in a research report on Friday, January 29th. Morgan Stanley upped their price objective on Visa from $233.00 to $253.00 and gave the stock an “overweight” rating in a research note on Monday, March 22nd. Finally, Jefferies Financial Group upgraded Visa from a “hold” rating to a “buy” rating and upped their price objective for the stock from $195.00 to $250.00 in a research note on Wednesday, January 13th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $226.42.

In other news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the stock in a transaction on Wednesday, March 31st. The stock was sold at an average price of $212.55, for a total transaction of $1,912,950.00. Following the sale, the chief executive officer now directly owns 163,112 shares of the company’s stock, valued at approximately $34,669,455.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Ryan Mcinerney sold 11,193 shares of the stock in a transaction on Monday, February 8th. The stock was sold at an average price of $210.00, for a total value of $2,350,530.00. Following the sale, the president now directly owns 11,193 shares in the company, valued at $2,350,530. The disclosure for this sale can be found here. Insiders have sold a total of 93,093 shares of company stock worth $20,418,578 in the last quarter. Company insiders own 0.19% of the company’s stock.

V traded up $2.95 during trading hours on Thursday, reaching $222.22. The company’s stock had a trading volume of 121,927 shares, compared to its average volume of 10,067,009. Visa Inc. has a 52 week low of $159.15 and a 52 week high of $228.23. The company’s 50-day moving average is $214.52 and its 200-day moving average is $207.22. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market cap of $433.84 billion, a PE ratio of 44.93, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.14. The firm had revenue of $5.69 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Visa had a return on equity of 37.22% and a net margin of 49.74%. The company’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter last year, the business earned $1.46 EPS. Equities analysts anticipate that Visa Inc. will post 5.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 1st. Shareholders of record on Friday, February 12th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 0.58%. The ex-dividend date was Thursday, February 11th. Visa’s payout ratio is 25.40%.

About Visa

Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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