Choreo LLC Has $27.26 Million Holdings in Visa Inc. $V

Choreo LLC trimmed its position in shares of Visa Inc. (NYSE:V) by 3.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 79,845 shares of the credit-card processor’s stock after selling 2,454 shares during the period. Choreo LLC’s holdings in Visa were worth $27,258,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in V. Chaney Capital Management Inc. acquired a new position in shares of Visa during the 3rd quarter worth about $409,000. Weaver Consulting Group increased its position in Visa by 8.4% during the third quarter. Weaver Consulting Group now owns 1,016 shares of the credit-card processor’s stock worth $347,000 after buying an additional 79 shares during the last quarter. West Family Investments Inc. boosted its stake in shares of Visa by 0.6% during the 3rd quarter. West Family Investments Inc. now owns 8,844 shares of the credit-card processor’s stock worth $3,019,000 after acquiring an additional 56 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of Visa by 146.6% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 82,919 shares of the credit-card processor’s stock worth $28,311,000 after acquiring an additional 49,290 shares during the last quarter. Finally, Interchange Capital Partners LLC increased its holdings in shares of Visa by 13.8% during the 3rd quarter. Interchange Capital Partners LLC now owns 7,295 shares of the credit-card processor’s stock worth $2,492,000 after acquiring an additional 882 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Daiwa Securities Group raised shares of Visa from a “neutral” rating to an “outperform” rating and set a $370.00 price objective for the company in a research report on Monday, February 2nd. Morgan Stanley reiterated an “overweight” rating and issued a $411.00 price target (up from $398.00) on shares of Visa in a research note on Friday, January 30th. Cantor Fitzgerald upgraded shares of Visa to a “strong-buy” rating in a research report on Tuesday, January 27th. Macquarie Infrastructure restated an “outperform” rating and set a $410.00 price objective on shares of Visa in a report on Friday, January 30th. Finally, UBS Group reaffirmed a “buy” rating on shares of Visa in a research report on Tuesday, January 13th. Seven analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $391.43.

Visa Stock Performance

NYSE V opened at $316.65 on Friday. The firm has a 50-day moving average price of $333.60 and a two-hundred day moving average price of $338.23. Visa Inc. has a 12-month low of $299.00 and a 12-month high of $375.51. The company has a market capitalization of $574.77 billion, a P/E ratio of 29.70, a P/E/G ratio of 1.79 and a beta of 0.79. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.51.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 earnings per share for the quarter, beating analysts’ consensus estimates of $3.14 by $0.03. The company had revenue of $10.90 billion during the quarter, compared to the consensus estimate of $10.69 billion. Visa had a net margin of 50.23% and a return on equity of 61.74%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 earnings per share. Analysts anticipate that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be given a dividend of $0.67 per share. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s dividend payout ratio is presently 25.14%.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the sale, the chief executive officer directly owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. This represents a 52.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Visa Profile

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.