Tectonic Advisors LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Tectonic Advisors LLC boosted its position in Visa Inc. (NYSE:VGet Rating) by 18.9% in the 1st quarter, Holdings Channel reports. The fund owned 4,781 shares of the credit-card processor’s stock after purchasing an additional 760 shares during the period. Tectonic Advisors LLC’s holdings in Visa were worth $1,061,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Outfitter Financial LLC acquired a new position in shares of Visa in the 4th quarter valued at $27,000. Landmark Wealth Management LLC acquired a new position in shares of Visa during the 1st quarter valued at $32,000. Rise Advisors LLC acquired a new position in shares of Visa during the 4th quarter valued at $35,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Visa by 50.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 168 shares of the credit-card processor’s stock valued at $36,000 after acquiring an additional 56 shares in the last quarter. Finally, James Investment Research Inc. lifted its holdings in shares of Visa by 1,400.0% during the 1st quarter. James Investment Research Inc. now owns 180 shares of the credit-card processor’s stock valued at $40,000 after acquiring an additional 168 shares in the last quarter. 80.77% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Up 1.1 %

V stock opened at $215.87 on Friday. The firm has a market capitalization of $410.43 billion, a P/E ratio of 31.84, a P/E/G ratio of 1.70 and a beta of 0.89. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.43 and a quick ratio of 1.43. The company’s 50 day simple moving average is $205.31 and its 200-day simple moving average is $210.48. Visa Inc. has a 52-week low of $185.91 and a 52-week high of $242.60.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Friday, August 12th will be paid a $0.375 dividend. The ex-dividend date is Thursday, August 11th. This represents a $1.50 annualized dividend and a yield of 0.69%. Visa’s dividend payout ratio is presently 22.12%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of Visa from $284.00 to $291.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 27th. StockNews.com raised shares of Visa from a “hold” rating to a “buy” rating in a research note on Thursday, April 28th. Cowen dropped their target price on shares of Visa from $276.00 to $254.00 in a research report on Wednesday, April 27th. Robert W. Baird dropped their target price on shares of Visa from $290.00 to $265.00 in a research report on Wednesday, July 20th. Finally, Evercore ISI boosted their target price on shares of Visa from $304.00 to $310.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 27th. Four research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $258.64.

Insider Buying and Selling at Visa

In other Visa news, CEO Alfred F. Kelly, Jr. sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $195.37, for a total value of $1,758,330.00. Following the transaction, the chief executive officer now owns 159,887 shares in the company, valued at approximately $31,237,123.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 27,000 shares of company stock worth $5,560,740. 0.21% of the stock is currently owned by company insiders.

Visa Profile

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Visa Inc operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

See Also

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VGet Rating).

Institutional Ownership by Quarter for Visa (NYSE:V)

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