Visa Inc. (NYSE:V) Shares Acquired by Gradient Investments LLC

Gradient Investments LLC grew its holdings in Visa Inc. (NYSE:V) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 70,452 shares of the credit-card processor’s stock after buying an additional 2,093 shares during the period. Gradient Investments LLC’s holdings in Visa were worth $18,342,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. BCK Partners Inc. acquired a new stake in shares of Visa during the first quarter worth about $2,717,000. Markel Corp lifted its holdings in Visa by 0.3% in the first quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after acquiring an additional 3,065 shares during the period. AMI Investment Management Inc. acquired a new position in Visa in the first quarter valued at approximately $2,323,000. Ergoteles LLC acquired a new position in Visa in the first quarter valued at approximately $538,000. Finally, XTX Topco Ltd acquired a new position in Visa in the first quarter valued at approximately $1,496,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In related news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was 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 through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The stock was 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. In the last ninety days, insiders sold 47,311 shares of company stock valued at $12,832,129. 0.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Susquehanna boosted their price target on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Redburn Atlantic reissued a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday. Monness Crespi & Hardt began coverage on Visa in a report on Wednesday, December 20th. They issued a “neutral” rating for the company. Finally, Raymond James boosted their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $295.82.

Visa Trading Up 0.0 %

V traded up $0.06 during mid-day trading on Friday, hitting $279.08. 5,844,358 shares of the stock were exchanged, compared to its average volume of 6,182,342. The firm’s fifty day moving average is $279.11 and its two-hundred day moving average is $258.66. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $512.53 billion, a PE ratio of 32.12, a PEG ratio of 1.93 and a beta of 0.96.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the business earned $2.18 EPS. Visa’s revenue was up 9.3% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

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

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.