Terril Brothers Inc. Acquires Shares of 870 Visa Inc. (NYSE:V)

Terril Brothers Inc. purchased a new stake in Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 870 shares of the credit-card processor’s stock, valued at approximately $275,000.

A number of other institutional investors have also made changes to their positions in the business. Swedbank AB increased its position in Visa by 10.7% in the third quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after purchasing an additional 199,440 shares during the period. Howard Capital Management Group LLC increased its position in Visa by 0.6% in the third quarter. Howard Capital Management Group LLC now owns 106,355 shares of the credit-card processor’s stock worth $29,242,000 after purchasing an additional 610 shares during the period. Pettinga Financial Advisors LLC acquired a new stake in Visa in the third quarter worth about $228,000. Whelan Financial acquired a new stake in Visa in the third quarter worth about $226,000. Finally, United Asset Strategies Inc. increased its position in Visa by 3.4% in the third quarter. United Asset Strategies Inc. now owns 14,847 shares of the credit-card processor’s stock worth $4,082,000 after purchasing an additional 485 shares during the period. 82.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on V shares. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group lifted their price objective on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company boosted their target price on Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Finally, Raymond James restated an “outperform” rating and issued a $393.00 target price (up previously from $374.00) on shares of Visa in a research note on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Price Performance

Visa stock opened at $363.33 on Friday. The company has a market capitalization of $674.99 billion, a PE ratio of 36.63, a P/E/G ratio of 2.33 and a beta of 0.97. The stock has a 50-day moving average price of $333.03 and a two-hundred day moving average price of $305.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $364.00.

Visa (NYSE:V) last released its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Analysts expect that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.65%. Visa’s dividend payout ratio (DPR) is currently 23.79%.

Insider Buying and Selling

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the transaction, the general counsel now owns 11,925 shares of the company’s stock, valued at $4,054,500. This represents a 17.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,885 shares of company stock worth $19,161,447. 0.13% of the stock is owned by corporate 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.