MCF Advisors LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

MCF Advisors LLC grew its holdings in Visa Inc. (NYSE:V) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,084 shares of the credit-card processor’s stock after purchasing an additional 720 shares during the quarter. MCF Advisors LLC’s holdings in Visa were worth $2,625,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Altshuler Shaham Ltd purchased a new stake in shares of Visa during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in shares of Visa during the 4th quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC raised its position in shares of Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the 4th quarter valued at approximately $37,000. Finally, Macroview Investment Management LLC raised its position in shares of Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after buying an additional 265 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Trading Up 0.9 %

V opened at $272.31 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market cap of $500.10 billion, a P/E ratio of 31.34, a PEG ratio of 1.86 and a beta of 0.96. The business’s 50-day simple moving average is $279.52 and its 200-day simple moving average is $263.62.

Visa (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping 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 company had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities research analysts expect that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.76%. Visa’s dividend payout ratio is presently 23.94%.

Insider Transactions at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value 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 have sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on V. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Robert W. Baird upped their price target on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Wells Fargo & Company upped their price target on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Finally, Royal Bank of Canada upped their price target on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $298.43.

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.