FLC Capital Advisors Purchases 474 Shares of Visa Inc. (NYSE:V)

FLC Capital Advisors grew its stake in Visa Inc. (NYSE:V) by 20.3% during the 4th quarter, HoldingsChannel reports. 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 SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of V. State Street Corp boosted its stake in shares of Visa by 1.7% during the 2nd quarter. State Street Corp now owns 74,133,003 shares of the credit-card processor’s stock worth $17,605,106,000 after acquiring an additional 1,235,891 shares during the last quarter. Morgan Stanley raised its stake in shares of Visa by 13.0% in the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock worth $10,621,287,000 after buying an additional 5,864,340 shares during the period. FMR LLC grew its stake in shares of Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after acquiring an additional 2,257,605 shares during the period. Moneta Group Investment Advisors LLC raised its stake in Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock worth $5,090,978,000 after acquiring an additional 24,483,134 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Visa by 5.7% during the second quarter. Royal Bank of Canada now owns 18,879,347 shares of the credit-card processor’s stock valued at $4,483,466,000 after purchasing an additional 1,015,104 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Mizuho reissued a “neutral” rating and set a $265.00 price target on shares of Visa in a report on Wednesday. Monness Crespi & Hardt started coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Citigroup raised their price objective on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. UBS Group raised their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, January 26th. Finally, Jefferies Financial Group raised their price target on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Insiders Place Their Bets

In related news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock worth $12,832,129 in the last ninety days. Insiders own 0.19% of the company’s stock.

Visa Stock Up 0.0 %

NYSE V traded up $0.06 during trading hours on Thursday, hitting $279.08. The company had a trading volume of 5,771,881 shares, compared to its average volume of 5,649,565. The firm’s 50 day moving average is $279.11 and its 200 day moving average is $258.66. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market capitalization of $512.53 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last posted its 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 firm had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same period in the previous year, the business posted $2.18 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. Sell-side analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is 23.94%.

About Visa

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.