Bank Hapoalim BM Has $1,555,000 Position in Visa Inc. (V)

Bank Hapoalim BM Has $1,555,000 Position in Visa Inc. (V)

Bank Hapoalim BM decreased its position in Visa Inc. (NYSE:V) by 11.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,798 shares of the credit-card processor’s stock after selling 2,385 shares during the period. Bank Hapoalim BM’s holdings in Visa were worth $1,555,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Ngam Advisors L.P. raised its position in Visa by 7.4% in the second quarter. Ngam Advisors L.P. now owns 1,131,493 shares of the credit-card processor’s stock valued at $83,923,000 after buying an additional 78,447 shares during the last quarter. JPMorgan Chase & Co. raised its position in Visa by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 29,495,466 shares of the credit-card processor’s stock valued at $2,441,561,000 after buying an additional 1,061,427 shares during the last quarter. Reilly Herbert Faulkner III raised its position in Visa by 3.5% in the third quarter. Reilly Herbert Faulkner III now owns 51,135 shares of the credit-card processor’s stock valued at $4,229,000 after buying an additional 1,736 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in Visa by 2.3% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 570,519 shares of the credit-card processor’s stock valued at $47,182,000 after buying an additional 13,014 shares during the last quarter. Finally, State Treasurer State of Michigan raised its position in Visa by 16.9% in the third quarter. State Treasurer State of Michigan now owns 2,025,080 shares of the credit-card processor’s stock valued at $167,474,000 after buying an additional 293,400 shares during the last quarter. Hedge funds and other institutional investors own 80.86% of the company’s stock.

Visa Inc. (NYSE:V) opened at 86.08 on Monday. Visa Inc. has a 12-month low of $66.12 and a 12-month high of $86.82. The firm’s 50-day moving average is $80.98 and its 200 day moving average is $80.85. The stock has a market capitalization of $201.43 billion, a P/E ratio of 34.01 and a beta of 1.00.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, February 2nd. The credit-card processor reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.08. Visa had a net margin of 38.30% and a return on equity of 26.05%. The company earned $4.46 billion during the quarter, compared to the consensus estimate of $4.29 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. The company’s revenue for the quarter was up 25.1% compared to the same quarter last year. Equities research analysts anticipate that Visa Inc. will post $3.29 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 7th. Stockholders of record on Friday, February 17th will be issued a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, February 15th. Visa’s dividend payout ratio (DPR) is 26.09%.

A number of equities research analysts have recently issued reports on the stock. Bank of America Corporation raised shares of Visa from a “neutral” rating to a “buy” rating and set a $92.00 price target on the stock in a research note on Thursday, December 15th. Wedbush raised shares of Visa from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $77.00 to $96.00 in a research note on Friday, January 20th. Vetr raised shares of Visa from a “hold” rating to a “buy” rating and set a $87.75 price target on the stock in a research note on Thursday, October 20th. Stifel Nicolaus reduced their price target on shares of Visa from $94.00 to $93.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. Finally, Jefferies Group LLC reissued a “buy” rating on shares of Visa in a research note on Tuesday, November 15th. Three analysts have rated the stock with a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $93.25.

In other news, President Ryan Mcinerney sold 18,500 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $82.92, for a total transaction of $1,534,020.00. Following the completion of the transaction, the president now owns 12,548 shares of the company’s stock, valued at $1,040,480.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.

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).

Related posts

Leave a Comment