Triangle Securities Wealth Management Raises Holdings in Visa Inc. (NYSE:V)

Triangle Securities Wealth Management grew its position in shares of Visa Inc. (NYSE:V – Get Rating) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 13,182 shares of the credit-card processor’s stock after buying an additional 60 shares during the quarter. Visa accounts for approximately 1.0% of Triangle Securities Wealth Management’s investment portfolio, making the stock its 27th largest holding. Triangle Securities Wealth Management’s holdings in Visa were worth $2,739,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in V. JDM Financial Group LLC bought a new position in shares of Visa in the 4th quarter valued at about $29,000. McClarren Financial Advisors Inc. bought a new position in shares of Visa in the 3rd quarter valued at about $26,000. Cowa LLC bought a new position in shares of Visa in the 3rd quarter valued at about $29,000. TD Capital Management LLC bought a new position in shares of Visa in the 3rd quarter valued at about $36,000. Finally, Phocas Financial Corp. bought a new position in shares of Visa in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $217.39 on Friday. The firm has a market cap of $408.91 billion, a price-to-earnings ratio of 30.40, a PEG ratio of 1.70 and a beta of 0.97. The company’s 50 day moving average is $223.62 and its 200 day moving average is $208.33. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59. Visa Inc. has a 52-week low of $174.60 and a 52-week high of $234.30.

Visa (NYSE:V – Get Rating) last issued its quarterly earnings data on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.01 by $0.17. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. Visa’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.81 earnings per share. On average, sell-side analysts anticipate that Visa Inc. will post 8.43 EPS for the current fiscal year.

Visa Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Investors of record on Friday, February 10th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.83%. This is a positive change from Visa’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, February 9th. Visa’s dividend payout ratio (DPR) is presently 25.17%.

Insider Activity at Visa

In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of Visa stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the transaction, the chairman now directly owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of Visa stock in a transaction on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the transaction, the chairman now directly owns 162,354 shares of the company’s stock, valued at $36,365,672.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Ryan Mcinerney sold 58,197 shares of Visa stock in a transaction on Monday, January 9th. The stock was sold at an average price of $62.47, for a total transaction of $3,635,566.59. The disclosure for this sale can be found here. Insiders have sold a total of 191,312 shares of company stock valued at $33,751,165 over the last ninety days. 0.22% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. Robert W. Baird increased their price target on shares of Visa from $250.00 to $270.00 and gave the company an “outperform” rating in a report on Thursday, January 19th. Morgan Stanley raised their price objective on shares of Visa from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Raymond James raised their price objective on shares of Visa from $261.00 to $281.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. UBS Group decreased their price objective on shares of Visa from $290.00 to $287.00 and set a “buy” rating for the company in a research note on Thursday, December 15th. Finally, Credit Suisse Group raised their price objective on shares of Visa from $245.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, January 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nineteen have given a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.11.

Visa Company Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).