1,696 Shares in Visa Inc. (NYSE:V) Bought by Private Client Services LLC

Private Client Services LLC acquired a new stake in Visa Inc. (NYSE:V) during the 4th quarter, Holdings Channel reports. The fund acquired 1,696 shares of the credit-card processor’s stock, valued at approximately $442,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of Visa in the first quarter valued at approximately $2,717,000. Markel Corp grew its position in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. bought a new position in Visa in the first quarter valued at $2,323,000. Ergoteles LLC acquired a new stake in Visa in the 1st quarter valued at $538,000. Finally, XTX Topco Ltd bought a new stake in Visa during the 1st quarter worth about $1,496,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Price Performance

Visa stock opened at $271.34 on Wednesday. The company has a market capitalization of $498.32 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 1.87 and a beta of 0.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The stock’s 50 day moving average is $279.93 and its 200-day moving average is $262.49.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 EPS. Equities research analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

Analysts Set New Price Targets

V has been the topic of a number of recent research reports. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Wells Fargo & Company boosted their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Wedbush upped their price objective on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Keefe, Bruyette & Woods raised their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Susquehanna upped their price target on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Insiders Place Their Bets

In related news, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 in the last quarter. 0.19% of the stock is currently owned by corporate insiders.

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.