Duff & Phelps Investment Management Co. Has $27 Million Stake in Visa Inc (V)

Duff & Phelps Investment Management Co. decreased its position in Visa Inc (NYSE:V) by 3.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,580 shares of the credit-card processor’s stock after selling 710 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Visa were worth $2,007,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of V. Norges Bank bought a new stake in shares of Visa during the fourth quarter valued at approximately $1,335,803,000. Viking Global Investors LP raised its stake in shares of Visa by 739.1% in the fourth quarter. Viking Global Investors LP now owns 4,846,485 shares of the credit-card processor’s stock valued at $378,123,000 after buying an additional 4,268,933 shares during the period. Lone Pine Capital LLC raised its stake in shares of Visa by 180.3% in the fourth quarter. Lone Pine Capital LLC now owns 6,551,477 shares of the credit-card processor’s stock valued at $511,146,000 after buying an additional 4,213,802 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Visa during the fourth quarter valued at approximately $312,745,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Visa by 719.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,445,162 shares of the credit-card processor’s stock valued at $268,897,000 after buying an additional 3,024,860 shares during the period. Institutional investors own 80.14% of the company’s stock.

Institutional Ownership by Quarter for Visa (NYSE:V)

Visa Inc (NYSE:V) opened at 94.67 on Friday. Visa Inc has a 1-year low of $73.25 and a 1-year high of $95.38. The company’s 50 day moving average is $91.72 and its 200-day moving average is $85.70. The stock has a market cap of $218.35 billion, a PE ratio of 47.24 and a beta of 1.00.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, April 20th. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.07. Visa had a net margin of 38.30% and a return on equity of 26.48%. The firm had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.29 billion. During the same period in the prior year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was up 23.5% compared to the same quarter last year. Equities research analysts forecast that Visa Inc will post $3.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Friday, May 19th will be issued a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Wednesday, May 17th. Visa’s dividend payout ratio (DPR) is presently 26.09%.

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A number of equities analysts have weighed in on V shares. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $85.82 target price for the company in a research note on Thursday, February 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $93.00 target price on shares of Visa in a research note on Friday, February 3rd. Stifel Nicolaus decreased their target price on shares of Visa from $105.00 to $93.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. Zacks Investment Research raised shares of Visa from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Tuesday, February 7th. Finally, Loop Capital started coverage on shares of Visa in a research note on Tuesday, February 14th. They set a “buy” rating and a $98.00 target price for the company. Four analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $95.38.

In related news, Vice Chairman Ellen Richey sold 31,260 shares of the stock in a transaction on Tuesday, April 25th. The shares were sold at an average price of $91.94, for a total transaction of $2,874,044.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.

12 Month Chart for NYSE:V

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