824 Shares in Visa Inc. (NYSE:V) Acquired by Trinity Financial Advisors LLC

Trinity Financial Advisors LLC acquired a new stake in Visa Inc. (NYSE:V) during the fourth quarter, HoldingsChannel reports. The fund acquired 824 shares of the credit-card processor’s stock, valued at approximately $259,000.

A number of other institutional investors have also recently bought and sold shares of V. AdvisorShares Investments LLC grew its holdings in Visa by 4.3% during the second quarter. AdvisorShares Investments LLC now owns 1,695 shares of the credit-card processor’s stock valued at $446,000 after purchasing an additional 70 shares during the period. Qsemble Capital Management LP grew its holdings in shares of Visa by 187.7% in the 2nd quarter. Qsemble Capital Management LP now owns 15,550 shares of the credit-card processor’s stock valued at $4,081,000 after buying an additional 10,146 shares during the period. Cibc World Market Inc. increased its position in shares of Visa by 2.2% in the 2nd quarter. Cibc World Market Inc. now owns 882,371 shares of the credit-card processor’s stock valued at $231,596,000 after buying an additional 19,232 shares in the last quarter. Y.D. More Investments Ltd raised its stake in Visa by 9.4% during the 2nd quarter. Y.D. More Investments Ltd now owns 17,109 shares of the credit-card processor’s stock worth $4,490,000 after buying an additional 1,466 shares during the period. Finally, Achmea Investment Management B.V. lifted its holdings in Visa by 3.5% during the second quarter. Achmea Investment Management B.V. now owns 185,329 shares of the credit-card processor’s stock worth $48,644,000 after acquiring an additional 6,253 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on V shares. Royal Bank of Canada raised their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Robert W. Baird raised their target price on shares of Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on shares of Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Bank of America upped their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 17th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $330.85.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

NYSE:V traded down $4.89 on Friday, hitting $307.71. The company’s stock had a trading volume of 6,580,342 shares, compared to its average volume of 5,172,625. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a one year low of $252.70 and a one year high of $321.61. The stock has a fifty day moving average of $311.80 and a two-hundred day moving average of $286.63. The firm has a market capitalization of $573.23 billion, a P/E ratio of 31.62, a price-to-earnings-growth ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 earnings per share. Research analysts predict that Visa Inc. will post 11.23 earnings per share for the current year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is 24.25%.

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.