IFG Advisory LLC Buys 145 Shares of Visa Inc. (NYSE:V)

IFG Advisory LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,404 shares of the credit-card processor’s stock after purchasing an additional 145 shares during the quarter. IFG Advisory LLC’s holdings in Visa were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Moneta Group Investment Advisors LLC lifted its holdings in shares of Visa by 116,608.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares during the last quarter. Norges Bank acquired a new stake in Visa in the fourth quarter valued at approximately $3,067,232,000. Morgan Stanley grew its stake in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the last quarter. State Street Corp lifted its stake in shares of Visa by 3.7% in the 1st quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after acquiring an additional 2,572,159 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on V. Wedbush upped their price target on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Raymond James increased their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Citigroup boosted their price target on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. Evercore ISI increased their price objective on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt began coverage on shares of Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Visa Stock Performance

Shares of V opened at $279.02 on Thursday. The firm has a market cap of $512.42 billion, a PE ratio of 32.11, a PEG ratio of 1.94 and a beta of 0.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The stock’s fifty day moving average price is $278.86 and its two-hundred day moving average price is $258.51. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.18 EPS. On average, equities research analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Insider Transactions at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,311 shares of company stock worth $12,832,129. Insiders own 0.19% of the company’s stock.

Visa Company 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.