HF Advisory Group LLC Boosts Stake in Visa Inc. (NYSE:V)

HF Advisory Group LLC grew its stake in shares of Visa Inc. (NYSE:V) by 19.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,899 shares of the credit-card processor’s stock after buying an additional 1,280 shares during the quarter. Visa accounts for 1.3% of HF Advisory Group LLC’s investment portfolio, making the stock its 17th biggest position. HF Advisory Group LLC’s holdings in Visa were worth $2,057,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BCK Partners Inc. bought a new stake in Visa in the 1st quarter worth $2,717,000. Markel Corp grew its holdings in Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after acquiring an additional 3,065 shares during the last quarter. AMI Investment Management Inc. bought a new stake in Visa in the 1st quarter worth $2,323,000. Ergoteles LLC bought a new stake in Visa in the 1st quarter worth $538,000. Finally, XTX Topco Ltd bought a new stake in Visa in the 1st quarter worth $1,496,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Down 0.5 %

V stock opened at $271.37 on Friday. The company has a market capitalization of $498.37 billion, a PE ratio of 31.23, a P/E/G ratio of 1.88 and a beta of 0.96. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The firm’s 50-day moving average is $279.71 and its 200 day moving average is $262.62. 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:V) last issued its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $8.55 billion. During the same period in the prior year, the business earned $2.18 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. On average, research analysts anticipate that Visa Inc. will post 9.88 EPS for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

V has been the topic of a number of recent analyst reports. Royal Bank of Canada raised their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. TD Cowen began coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Mizuho reaffirmed a “neutral” rating and set a $265.00 target price on shares of Visa in a research note on Wednesday, March 27th. Evercore ISI lifted their target price on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,150 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’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 transaction of $2,228,128.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Visa 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.