BNP Paribas Has $42.61 Million Stock Holdings in Visa Inc. (NYSE:V)

BNP Paribas lowered its stake in shares of Visa Inc. (NYSE:V) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 154,681 shares of the credit-card processor’s stock after selling 12,241 shares during the period. Visa makes up 1.8% of BNP Paribas’ investment portfolio, making the stock its 11th biggest holding. BNP Paribas’ holdings in Visa were worth $42,610,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in V. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Visa by 110.5% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 27,957 shares of the credit-card processor’s stock valued at $7,687,000 after purchasing an additional 14,675 shares in the last quarter. Soros Capital Management LLC acquired a new position in shares of Visa during the third quarter valued at about $2,229,000. Freedom Investment Management Inc. increased its position in shares of Visa by 7.4% during the third quarter. Freedom Investment Management Inc. now owns 8,115 shares of the credit-card processor’s stock worth $2,231,000 after acquiring an additional 562 shares in the last quarter. Capital Counsel LLC NY raised its holdings in shares of Visa by 0.7% in the 3rd quarter. Capital Counsel LLC NY now owns 813,630 shares of the credit-card processor’s stock worth $223,707,000 after acquiring an additional 5,607 shares during the last quarter. Finally, Hardy Reed LLC lifted its position in Visa by 4.0% in the 3rd quarter. Hardy Reed LLC now owns 13,936 shares of the credit-card processor’s stock valued at $3,832,000 after acquiring an additional 536 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Visa Stock Down 0.4 %

Shares of NYSE:V opened at $311.82 on Wednesday. The firm has a market capitalization of $580.88 billion, a PE ratio of 32.05, a price-to-earnings-growth ratio of 2.10 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 52-week low of $251.61 and a 52-week high of $314.50. The firm has a fifty day moving average of $290.37 and a 200 day moving average of $277.80.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 earnings per share. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Tuesday, November 12th will be given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.76%. This is a positive change from Visa’s previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $276.37, for a total transaction of $2,382,309.40. Following the completion of the transaction, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $148,687.06. This represents a 94.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

V has been the topic of several recent analyst reports. Citigroup raised their price objective on Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. BNP Paribas upgraded shares of Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price target on the stock in a report on Tuesday, September 3rd. Jefferies Financial Group increased their price objective on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their target price on Visa from $322.00 to $326.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Finally, StockNews.com raised Visa from a “hold” rating to a “buy” rating in a report on Friday, August 9th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $321.74.

Visa Profile

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.