Oddo BHF Asset Management Sas Takes Position in Visa Inc. (NYSE:V)

Oddo BHF Asset Management Sas acquired a new stake in shares of Visa Inc. (NYSE:V) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 241,916 shares of the credit-card processor’s stock, valued at approximately $66,515,000. Visa comprises 3.3% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 3rd biggest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Verde Capital Management grew its stake in shares of Visa by 44.5% during the second quarter. Verde Capital Management now owns 1,947 shares of the credit-card processor’s stock valued at $511,000 after buying an additional 600 shares during the last quarter. Cordatus Wealth Management LLC raised its stake in shares of Visa by 0.9% during the second quarter. Cordatus Wealth Management LLC now owns 10,885 shares of the credit-card processor’s stock valued at $2,857,000 after acquiring an additional 92 shares in the last quarter. Winthrop Advisory Group LLC increased its stake in shares of Visa by 2.8% during the second quarter. Winthrop Advisory Group LLC now owns 9,180 shares of the credit-card processor’s stock valued at $2,409,000 after buying an additional 247 shares during the period. JLB & Associates Inc. raised its holdings in shares of Visa by 2.0% in the second quarter. JLB & Associates Inc. now owns 10,495 shares of the credit-card processor’s stock valued at $2,755,000 after acquiring an additional 205 shares in the last quarter. Finally, Hayek Kallen Investment Management lifted its stake in Visa by 0.9% in the second quarter. Hayek Kallen Investment Management now owns 21,763 shares of the credit-card processor’s stock worth $5,712,000 after acquiring an additional 192 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Oppenheimer restated an “outperform” rating and issued a $321.00 price target (up previously from $318.00) on shares of Visa in a report on Wednesday, October 30th. Citigroup lifted their price target on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday. BNP Paribas raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target for the company in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets boosted their price objective on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $324.74.

Visa Trading Up 0.1 %

NYSE V opened at $314.23 on Friday. The company has a fifty day moving average of $298.56 and a 200 day moving average of $280.71. The company has a market capitalization of $585.37 billion, a PE ratio of 32.29, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $317.42.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.33 earnings per share. Research analysts forecast that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.19% of the stock is owned by corporate insiders.

About Visa

Visa Inc operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a solution that facilitates the delivery of funds to eligible cards, deposit accounts, and digital wallets; Visa B2B Connect, a multilateral business-to-business cross-border payments network; Visa Cross-Border Solution, a cross-border consumer payments solution; and Visa DPS that provides a range of value-added services, including fraud mitigation, dispute management, data analytics, campaign management, a suite of digital solutions, and contact center services.