Arbor Trust Wealth Advisors LLC Boosts Stock Position in Visa Inc. (NYSE:V)

Arbor Trust Wealth Advisors LLC boosted its holdings in shares of Visa Inc. (NYSE:V) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,688 shares of the credit-card processor’s stock after acquiring an additional 288 shares during the quarter. Visa accounts for 1.6% of Arbor Trust Wealth Advisors LLC’s portfolio, making the stock its 22nd biggest holding. Arbor Trust Wealth Advisors LLC’s holdings in Visa were worth $3,378,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of V. Decker Retirement Planning Inc. purchased a new stake in shares of Visa in the 4th quarter worth $26,000. Peterson Financial Group Inc. purchased a new stake in shares of Visa in the 3rd quarter worth $26,000. Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter worth $32,000. Reston Wealth Management LLC purchased a new stake in shares of Visa in the 3rd quarter worth $31,000. Finally, West Financial Advisors LLC lifted its holdings in shares of Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after buying an additional 73 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on V shares. Wells Fargo & Company boosted their price target on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a research report on Friday, January 3rd. Mizuho boosted their price target on Visa from $279.00 to $292.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on Visa from $311.00 to $322.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Susquehanna boosted their price target on Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird boosted their price target on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $331.92.

Visa Stock Up 0.9 %

Shares of V opened at $319.97 on Tuesday. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96. The stock’s 50-day moving average price is $313.41 and its 200-day moving average price is $288.73.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same quarter in the prior year, the business earned $2.33 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. On average, sell-side analysts predict that Visa Inc. will post 11.22 EPS for the current year.

Visa Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio is currently 24.25%.

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.