Visa Inc. (NYSE:V) Shares Bought by Founders Financial Alliance LLC

Founders Financial Alliance LLC raised its stake in Visa Inc. (NYSE:V) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,715 shares of the credit-card processor’s stock after acquiring an additional 268 shares during the period. Founders Financial Alliance LLC’s holdings in Visa were worth $1,488,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in shares of Visa during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the fourth quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in Visa in the fourth quarter worth approximately $37,000. Delos Wealth Advisors LLC lifted its position in Visa by 2,500.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after purchasing an additional 150 shares during the period. Finally, Tidemark LLC acquired a new stake in Visa in the fourth quarter worth approximately $51,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Up 0.1 %

Visa stock traded up $0.26 during mid-day trading on Friday, hitting $274.49. 4,316,397 shares of the company’s stock were exchanged, compared to its average volume of 6,322,635. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market cap of $502.03 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.89 and a beta of 0.95. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The stock has a 50 day moving average of $276.88 and a two-hundred day moving average of $269.49.

Visa (NYSE:V) last posted its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.09 earnings per share. As a group, analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Insider Buying and Selling at Visa

In other Visa 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 transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the sale, the insider now owns 17,894 shares in the company, valued at $4,959,322.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 34,402 shares of company stock worth $9,559,382 over the last ninety days. Company insiders own 0.19% of the company’s stock.

Analysts Set New Price Targets

V has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods upped their target price on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Wells Fargo & Company increased their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. UBS Group increased their price objective on Visa from $315.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.76.

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.