Csenge Advisory Group grew its position in shares of Visa Inc (NYSE:V) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,484 shares of the credit-card processor’s stock after acquiring an additional 147 shares during the period. Csenge Advisory Group’s holdings in Visa were worth $279,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Lenox Wealth Advisors LLC grew its holdings in Visa by 2.3% in the fourth quarter. Lenox Wealth Advisors LLC now owns 5,701 shares of the credit-card processor’s stock worth $1,071,000 after purchasing an additional 128 shares during the period. Principle Wealth Partners LLC grew its holdings in Visa by 28.9% in the third quarter. Principle Wealth Partners LLC now owns 35,430 shares of the credit-card processor’s stock worth $6,094,000 after purchasing an additional 7,954 shares during the period. Pure Financial Advisors Inc. purchased a new stake in Visa in the fourth quarter worth about $200,000. Central Bank & Trust Co. grew its holdings in Visa by 0.5% in the third quarter. Central Bank & Trust Co. now owns 55,570 shares of the credit-card processor’s stock worth $9,559,000 after purchasing an additional 270 shares during the period. Finally, West Branch Capital LLC grew its holdings in Visa by 108.5% in the fourth quarter. West Branch Capital LLC now owns 17,838 shares of the credit-card processor’s stock worth $3,352,000 after purchasing an additional 9,282 shares during the period. 81.39% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have weighed in on the stock. Guggenheim restated a “buy” rating and issued a $222.00 price objective on shares of Visa in a report on Monday, February 3rd. Macquarie assumed coverage on shares of Visa in a report on Tuesday, January 21st. They issued an “outperform” rating and a $250.00 price objective on the stock. Raymond James upped their price objective on shares of Visa from $205.00 to $221.00 and gave the stock an “outperform” rating in a report on Tuesday, January 28th. Wells Fargo & Co upped their price objective on shares of Visa from $213.00 to $230.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Nomura restated a “buy” rating and issued a $233.00 price objective on shares of Visa in a report on Monday, January 20th. Four research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Visa currently has an average rating of “Buy” and a consensus target price of $217.62.
In related news, CEO Alfred F. Kelly, Jr. sold 7,000 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $183.72, for a total transaction of $1,286,040.00. Following the transaction, the chief executive officer now owns 84,788 shares in the company, valued at $15,577,251.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP William M. Sheedy sold 13,206 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $181.78, for a total transaction of $2,400,586.68. Following the transaction, the executive vice president now owns 254,060 shares in the company, valued at approximately $46,183,026.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 37,316 shares of company stock worth $7,007,434. Insiders own 0.19% of the company’s stock.
Shares of NYSE V opened at $207.44 on Thursday. The firm’s 50 day moving average price is $197.82 and its 200-day moving average price is $183.76. The company has a market cap of $404.26 billion, a PE ratio of 37.85, a P/E/G ratio of 2.17 and a beta of 0.91. Visa Inc has a 52-week low of $142.40 and a 52-week high of $210.13. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.27 and a current ratio of 1.27.
Visa (NYSE:V) last issued its earnings results on Thursday, January 30th. The credit-card processor reported $1.46 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.46. The firm had revenue of $6.05 billion for the quarter, compared to the consensus estimate of $6.08 billion. Visa had a net margin of 52.60% and a return on equity of 43.15%. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.30 earnings per share. On average, analysts forecast that Visa Inc will post 6.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 3rd. Stockholders of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.58%. The ex-dividend date is Thursday, February 13th. This is an increase from Visa’s previous quarterly dividend of $0.25. Visa’s dividend payout ratio is currently 22.06%.
Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.
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