First Heartland Consultants Inc. Has $1.96 Million Position in Visa Inc. (NYSE:V)

First Heartland Consultants Inc. lifted its stake in Visa Inc. (NYSE:VFree Report) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,525 shares of the credit-card processor’s stock after buying an additional 86 shares during the period. First Heartland Consultants Inc.’s holdings in Visa were worth $1,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the 3rd quarter valued at approximately $25,000. West Tower Group LLC purchased a new position in Visa during the second quarter worth approximately $30,000. Financial Freedom LLC acquired a new stake in shares of Visa in the fourth quarter valued at $32,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its holdings in shares of Visa by 227.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after purchasing an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 81.35% of the company’s stock.

Visa Stock Down 0.6 %

Shares of NYSE:V traded down $1.65 during midday trading on Monday, hitting $274.78. 2,324,440 shares of the company’s stock were exchanged, compared to its average volume of 5,484,055. Visa Inc. has a 12 month low of $208.76 and a 12 month high of $279.99. The stock has a 50 day moving average price of $264.58 and a 200-day moving average price of $249.42. The company has a market cap of $504.64 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. During the same period last year, the company posted $2.18 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts anticipate that Visa Inc. will post 9.91 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Wedbush boosted their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Citigroup raised their price objective on shares of Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. UBS Group upped their price target on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Barclays increased their target price on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Monness Crespi & Hardt assumed coverage on shares of Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

View Our Latest Research Report on V

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the sale, the chief executive officer now directly owns 29,152 shares in the company, valued at approximately $7,456,790.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the completion of the sale, the chief executive officer now directly owns 29,152 shares of the company’s stock, valued at approximately $7,456,790.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rajat Taneja sold 9,200 shares of Visa stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $250.01, for a total value of $2,300,092.00. Following the completion of the sale, the insider now directly owns 232,112 shares in the company, valued at approximately $58,030,321.12. The disclosure for this sale can be found here. Insiders sold 97,472 shares of company stock worth $25,695,420 over the last 90 days. 0.19% of the stock is currently owned by insiders.

Visa Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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