FLC Capital Advisors grew its position in Visa Inc. (NYSE:V – Free Report) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,811 shares of the credit-card processor’s stock after purchasing an additional 474 shares during the quarter. FLC Capital Advisors’ holdings in Visa were worth $732,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BCK Partners Inc. bought a new stake in shares of Visa in the 1st quarter worth approximately $2,717,000. Markel Corp boosted its stake in shares of Visa by 0.3% in the 1st 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. purchased a new position in Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC purchased a new position in Visa during the 1st quarter valued at about $538,000. Finally, XTX Topco Ltd bought a new position in Visa in the 1st quarter worth $1,496,000. 82.15% of the stock is currently owned by institutional investors.
Visa Trading Up 0.0 %
Visa stock traded up $0.06 during midday trading on Thursday, reaching $279.08. 5,771,881 shares of the stock traded hands, compared to its average volume of 5,649,565. The company has a 50-day simple moving average of $279.11 and a two-hundred day simple moving average of $258.66. 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 firm has a market cap of $512.53 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.
Visa Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.
Analysts Set New Price Targets
A number of brokerages have weighed in on V. BMO Capital Markets began coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. Royal Bank of Canada boosted their price target on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho restated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.
Check Out Our Latest Stock Analysis on Visa
Insider Transactions at Visa
In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock worth $12,832,129 over the last ninety days. 0.19% of the stock is currently owned by company insiders.
Visa Company 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.
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