2,001 Shares in Visa Inc. (NYSE:V) Purchased by Client 1ST Advisory Group LLC

Client 1ST Advisory Group LLC bought a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,001 shares of the credit-card processor’s stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Certified Advisory Corp grew its position in Visa by 5.3% in the 2nd quarter. Certified Advisory Corp now owns 14,048 shares of the credit-card processor’s stock worth $3,687,000 after purchasing an additional 705 shares in the last quarter. J. Stern & Co. LLP grew its position in Visa by 39.5% in the 2nd quarter. J. Stern & Co. LLP now owns 10,847 shares of the credit-card processor’s stock worth $2,847,000 after purchasing an additional 3,070 shares in the last quarter. Public Sector Pension Investment Board grew its position in Visa by 23.1% in the 2nd quarter. Public Sector Pension Investment Board now owns 519,939 shares of the credit-card processor’s stock worth $136,468,000 after purchasing an additional 97,655 shares in the last quarter. Magnetar Financial LLC grew its position in Visa by 37.1% in the 2nd quarter. Magnetar Financial LLC now owns 17,736 shares of the credit-card processor’s stock worth $4,655,000 after purchasing an additional 4,803 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Visa by 2.8% in the 2nd quarter. Evergreen Capital Management LLC now owns 21,714 shares of the credit-card processor’s stock worth $5,699,000 after purchasing an additional 582 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. TD Cowen upped their price objective on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Citigroup increased their target price on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods increased their target price on shares of Visa from $335.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. Royal Bank of Canada increased their target price on shares of Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Seaport Res Ptn raised shares of Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $331.92.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares in the company, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Stock Performance

Visa stock opened at $319.97 on Tuesday. The firm’s fifty day moving average price is $313.41 and its 200-day moving average price is $288.73. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $596.06 billion, a P/E ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61.

Visa (NYSE:V) last posted its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company posted $2.33 EPS. On average, equities research analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is a boost from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

Visa 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.