Force Capital Management LLC Sells 35,938 Shares of Visa Inc (NYSE:V)
Force Capital Management LLC lessened its holdings in shares of Visa Inc (NYSE:V) by 60.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,061 shares of the credit-card processor’s stock after selling 35,938 shares during the period. Visa makes up about 8.6% of Force Capital Management LLC’s portfolio, making the stock its 2nd largest holding. Force Capital Management LLC’s holdings in Visa were worth $3,043,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in V. Highwater Wealth Management LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Essex Investment Management Co. LLC acquired a new stake in shares of Visa during the fourth quarter worth $33,000. Ironwood Financial llc raised its position in shares of Visa by 67.5% during the fourth quarter. Ironwood Financial llc now owns 335 shares of the credit-card processor’s stock worth $44,000 after purchasing an additional 135 shares during the period. Contravisory Investment Management Inc. raised its position in shares of Visa by 180.9% during the fourth quarter. Contravisory Investment Management Inc. now owns 396 shares of the credit-card processor’s stock worth $52,000 after purchasing an additional 255 shares during the period. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Visa during the fourth quarter worth $57,000. Institutional investors own 81.04% of the company’s stock.
V has been the topic of a number of recent analyst reports. Robert W. Baird set a $182.00 price target on Visa and gave the company an “outperform” rating in a research report on Wednesday, May 8th. Zacks Investment Research lowered Visa from a “buy” rating to a “hold” rating in a research report on Monday, May 20th. Jefferies Financial Group upped their price target on Visa from $170.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Wedbush upped their price target on Visa from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, March 14th. Finally, Oppenheimer upped their price target on Visa from $162.00 to $176.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. One equities research analyst has rated the stock with a hold rating and twenty-five have issued a buy rating to the company. Visa currently has an average rating of “Buy” and an average price target of $177.08.
Shares of NYSE V opened at $171.59 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.58. Visa Inc has a one year low of $121.60 and a one year high of $172.18. The stock has a market capitalization of $339.43 billion, a price-to-earnings ratio of 37.22, a PEG ratio of 1.92 and a beta of 0.95.
Visa (NYSE:V) last issued its earnings results on Wednesday, April 24th. The credit-card processor reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Visa had a return on equity of 40.56% and a net margin of 51.34%. The firm had revenue of $5.49 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc will post 5.38 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 4th. Shareholders of record on Friday, May 17th were paid a $0.25 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 0.58%. Visa’s dividend payout ratio (DPR) is currently 21.69%.
COPYRIGHT VIOLATION NOTICE: This report was originally published by Marea Informative and is the sole property of of Marea Informative. If you are reading this report on another website, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright legislation. The legal version of this report can be read at https://www.mareainformativa.com/news/2019/06/13/force-capital-management-llc-sells-35938-shares-of-visa-inc-nysev.html.
Visa Company Profile
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
Further Reading: The Role of a Fiduciary and Individual Investors
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).
Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.