Horseman Capital Management Ltd Acquires New Position in Visa Inc. (V)

Horseman Capital Management Ltd bought a new position in Visa Inc. (NYSE:V) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,000 shares of the credit-card processor’s stock, valued at approximately $1,876,000.

Several other institutional investors have also recently added to or reduced their stakes in V. State Street Corp grew its position in Visa by 0.9% in the first quarter. State Street Corp now owns 83,471,859 shares of the credit-card processor’s stock worth $7,418,151,000 after acquiring an additional 722,878 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Visa by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 18,286,230 shares of the credit-card processor’s stock worth $1,625,097,000 after buying an additional 73,926 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of Visa by 3.0% in the second quarter. Fisher Asset Management LLC now owns 15,616,151 shares of the credit-card processor’s stock worth $1,464,483,000 after buying an additional 452,183 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Visa by 41.4% in the first quarter. Clearbridge Investments LLC now owns 9,145,672 shares of the credit-card processor’s stock worth $812,776,000 after buying an additional 2,677,533 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of Visa by 1.8% in the second quarter. Legal & General Group Plc now owns 8,894,180 shares of the credit-card processor’s stock worth $834,122,000 after buying an additional 156,427 shares during the last quarter. 81.91% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on V shares. Mizuho restated a “buy” rating and issued a $115.00 price objective on shares of Visa in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Visa from a “hold” rating to a “buy” rating and set a $117.00 target price for the company in a research note on Tuesday, September 19th. BidaskClub upgraded shares of Visa from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 10th. BMO Capital Markets upped their target price on shares of Visa from $116.00 to $134.00 and gave the company an “outperform” rating in a research note on Thursday, October 26th. Finally, UBS reissued an “overweight” rating on shares of Visa in a report on Thursday, August 24th. Two equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $117.08.

Visa Inc. (NYSE:V) traded up $1.66 during trading on Thursday, reaching $111.40. The company’s stock had a trading volume of 7,382,437 shares, compared to its average volume of 7,660,255. Visa Inc. has a 1 year low of $77.19 and a 1 year high of $113.62. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $252,180.00, a PE ratio of 31.20, a PEG ratio of 1.59 and a beta of 0.99.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 25th. The credit-card processor reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The company had revenue of $4.86 billion for the quarter, compared to analysts’ expectations of $4.63 billion. Visa had a return on equity of 31.80% and a net margin of 36.49%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.78 earnings per share. research analysts forecast that Visa Inc. will post 4.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Friday, November 17th were paid a $0.195 dividend. The ex-dividend date was Thursday, November 16th. This is a positive change from Visa’s previous quarterly dividend of $0.17. This represents a $0.78 annualized dividend and a yield of 0.70%. Visa’s payout ratio is 27.86%.

In other news, SVP James H. Hoffmeister sold 2,146 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $112.09, for a total transaction of $240,545.14. Following the transaction, the senior vice president now directly owns 687 shares of the company’s stock, valued at $77,005.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

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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.

Institutional Ownership by Quarter for Visa (NYSE:V)

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