Acorn Financial Advisory Services Inc. ADV raised its stake in shares of Visa Inc. (NYSE:V) by 6.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,931 shares of the credit-card processor’s stock after purchasing an additional 504 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in Visa were worth $1,683,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in V. Trust Asset Management LLC raised its position in shares of Visa by 78.6% during the 3rd quarter. Trust Asset Management LLC now owns 8,647 shares of the credit-card processor’s stock valued at $1,729,000 after buying an additional 3,805 shares in the last quarter. United Bank raised its position in Visa by 6.0% in the 3rd quarter. United Bank now owns 8,632 shares of the credit-card processor’s stock worth $1,726,000 after purchasing an additional 485 shares during the period. OLD Mission Capital LLC purchased a new stake in Visa in the 3rd quarter worth about $373,000. Schonfeld Strategic Advisors LLC raised its position in Visa by 221.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 82,697 shares of the credit-card processor’s stock worth $16,537,000 after purchasing an additional 150,738 shares during the period. Finally, Westover Capital Advisors LLC raised its position in Visa by 12.1% in the 3rd quarter. Westover Capital Advisors LLC now owns 5,221 shares of the credit-card processor’s stock worth $1,044,000 after purchasing an additional 562 shares during the period. 80.50% of the stock is owned by institutional investors and hedge funds.
In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of Visa stock in a transaction on Wednesday, March 31st. The shares were sold at an average price of $212.55, for a total value of $1,912,950.00. Following the completion of the transaction, the chief executive officer now owns 163,112 shares of the company’s stock, valued at $34,669,455.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Ryan Mcinerney sold 11,193 shares of Visa stock in a transaction on Monday, February 8th. The shares were sold at an average price of $210.00, for a total transaction of $2,350,530.00. Following the completion of the transaction, the president now directly owns 11,193 shares of the company’s stock, valued at approximately $2,350,530. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,093 shares of company stock valued at $20,418,578. 0.19% of the stock is currently owned by corporate insiders.
Shares of NYSE:V traded down $1.63 on Monday, hitting $220.89. 130,220 shares of the company were exchanged, compared to its average volume of 9,869,519. Visa Inc. has a 1-year low of $159.15 and a 1-year high of $228.23. The stock’s 50 day moving average price is $215.01 and its 200 day moving average price is $207.42. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $431.25 billion, a P/E ratio of 45.34, a price-to-earnings-growth ratio of 3.80 and a beta of 0.96.
Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 28th. The credit-card processor reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.14. Visa had a net margin of 49.74% and a return on equity of 37.22%. The business had revenue of $5.69 billion during the quarter, compared to the consensus estimate of $5.52 billion. During the same period in the previous year, the firm posted $1.46 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. On average, equities analysts predict that Visa Inc. will post 5.45 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 1st. Investors of record on Friday, February 12th were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, February 11th. This represents a $1.28 annualized dividend and a dividend yield of 0.58%. Visa’s dividend payout ratio (DPR) is presently 25.40%.
A number of analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Visa from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, January 14th. Robert W. Baird reissued a “buy” rating and issued a $256.00 price objective on shares of Visa in a research report on Sunday. Barclays reaffirmed a “buy” rating and set a $230.00 target price on shares of Visa in a research report on Tuesday, December 22nd. KeyCorp raised their target price on shares of Visa from $210.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 13th. Finally, Morgan Stanley raised their target price on shares of Visa from $233.00 to $253.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Five research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $228.04.
Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
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