Albion Financial Group UT Increases Stock Holdings in Visa Inc. (NYSE:V)

Albion Financial Group UT increased its stake in Visa Inc. (NYSE:V) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 67,002 shares of the credit-card processor’s stock after acquiring an additional 1,200 shares during the quarter. Visa makes up about 1.4% of Albion Financial Group UT’s portfolio, making the stock its 22nd biggest holding. Albion Financial Group UT’s holdings in Visa were worth $21,175,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in V. MBB Public Markets I LLC increased its position in shares of Visa by 2,662.4% during the second quarter. MBB Public Markets I LLC now owns 112,514 shares of the credit-card processor’s stock worth $29,532,000 after purchasing an additional 108,441 shares in the last quarter. Maverick Capital Ltd. grew its holdings in shares of Visa by 28.3% during the second quarter. Maverick Capital Ltd. now owns 590,112 shares of the credit-card processor’s stock worth $154,887,000 after buying an additional 130,254 shares in the last quarter. Matrix Private Capital Group LLC raised its position in shares of Visa by 2.3% in the second quarter. Matrix Private Capital Group LLC now owns 2,244 shares of the credit-card processor’s stock valued at $589,000 after buying an additional 50 shares during the last quarter. Marshfield Associates lifted its stake in shares of Visa by 0.3% in the second quarter. Marshfield Associates now owns 925,954 shares of the credit-card processor’s stock worth $243,035,000 after buying an additional 2,825 shares in the last quarter. Finally, Makena Capital Management LLC boosted its position in Visa by 1.7% during the second quarter. Makena Capital Management LLC now owns 61,525 shares of the credit-card processor’s stock worth $16,148,000 after acquiring an additional 1,020 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Visa stock opened at $330.20 on Friday. The firm has a market cap of $615.11 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $331.09. The company’s 50 day moving average is $314.54 and its two-hundred day moving average is $289.98.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same period in the prior year, the firm earned $2.33 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, research analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is 24.25%.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,620 shares of Visa stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,171 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of research reports. Barclays raised their target price on shares of Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. BMO Capital Markets lifted their price objective on Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. TD Cowen upped their target price on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $334.58.

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.