Visa Inc. (NYSE:V) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 174,422 shares of the credit-card processor’s stock after purchasing an additional 4,663 shares during the quarter. Private Advisor Group LLC’s holdings in Visa were worth $55,124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Financial Perspectives Inc raised its position in shares of Visa by 11.4% during the 4th quarter. Financial Perspectives Inc now owns 1,353 shares of the credit-card processor’s stock worth $428,000 after purchasing an additional 138 shares during the period. Alberta Investment Management Corp raised its position in shares of Visa by 54.1% during the 4th quarter. Alberta Investment Management Corp now owns 237,070 shares of the credit-card processor’s stock worth $74,924,000 after purchasing an additional 83,215 shares during the period. Summit Place Financial Advisors LLC raised its position in shares of Visa by 0.4% during the 4th quarter. Summit Place Financial Advisors LLC now owns 10,503 shares of the credit-card processor’s stock worth $3,319,000 after purchasing an additional 40 shares during the period. Vista Capital Partners Inc. acquired a new stake in Visa in the 4th quarter valued at approximately $314,000. Finally, Legacy Solutions LLC acquired a new stake in Visa in the 4th quarter valued at approximately $356,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.77, for a total value of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock valued at $19,161,447. Insiders own 0.13% of the company’s stock.

Visa Stock Performance

V opened at $348.27 on Friday. The firm has a market cap of $647.01 billion, a PE ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The business has a fifty day simple moving average of $329.14 and a 200-day simple moving average of $302.03. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15.

Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. As a group, equities analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be given a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s payout ratio is 23.79%.

Wall Street Analyst Weigh In

Several analysts recently commented on V shares. Royal Bank of Canada raised their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Wells Fargo & Company raised their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. TD Cowen raised their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets raised their target price on Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $355.31.

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.