Accel Wealth Management Acquires Shares of 801 Visa Inc. (NYSE:V)

Accel Wealth Management acquired a new stake in shares of Visa Inc. (NYSE:V) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 801 shares of the credit-card processor’s stock, valued at approximately $209,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa in the 3rd quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new position in shares of Visa in the 3rd quarter worth approximately $25,000. West Tower Group LLC acquired a new position in shares of Visa in the 2nd quarter worth approximately $30,000. Financial Freedom LLC acquired a new position in shares of Visa in the 4th quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC boosted its holdings in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Visa Stock Performance

Shares of V traded down $0.24 during mid-day trading on Thursday, hitting $278.78. 5,844,191 shares of the company’s stock were exchanged, compared to its average volume of 5,650,746. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. The stock’s 50-day simple moving average is $279.11 and its 200-day simple moving average is $258.66. The firm has a market cap of $511.98 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last posted its quarterly 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 business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter last year, the business posted $2.18 EPS. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on V. UBS Group boosted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods upped their target price on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Susquehanna upped their target price on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research report on Friday, January 26th. Mizuho reiterated a “neutral” rating and set a $265.00 target price on shares of Visa in a research report on Wednesday. Finally, Wells Fargo & Company upped their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Five research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Insider Activity

In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The shares were 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 in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,311 shares of company stock valued at $12,832,129. Insiders own 0.19% of the company’s stock.

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.