Golden Road Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Golden Road Advisors LLC acquired a new stake in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 675 shares of the credit-card processor’s stock, valued at approximately $213,000.

A number of other hedge funds have also modified their holdings of V. Peterson Financial Group Inc. acquired a new position in Visa in the third quarter valued at about $26,000. Decker Retirement Planning Inc. bought a new position in shares of Visa in the fourth quarter valued at approximately $26,000. Reston Wealth Management LLC acquired a new position in shares of Visa in the 3rd quarter worth approximately $31,000. Modus Advisors LLC bought a new stake in Visa during the 4th quarter worth approximately $32,000. Finally, Sugar Maple Asset Management LLC acquired a new stake in Visa during the 4th quarter valued at $44,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Visa from $326.00 to $371.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Raymond James reissued an “outperform” rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a report on Friday, January 31st. Bank of America raised their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research report on Friday, January 31st. UBS Group upped their target price on shares of Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Finally, Jefferies Financial Group raised their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $354.73.

Insider Transactions at Visa

In related news, 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 value of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the sale, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 58,056 shares of company stock valued at $19,830,050 over the last quarter. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Shares of Visa stock opened at $351.43 on Thursday. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $352.12. The company has a current ratio of 1.12, a quick ratio of 1.28 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $652.88 billion, a PE ratio of 35.43, a PEG ratio of 2.32 and a beta of 0.97. The stock’s fifty day simple moving average is $322.53 and its 200 day simple moving average is $297.52.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts predict that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

About Visa

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.