LFA Lugano Financial Advisors SA Raises Holdings in Visa Inc. (NYSE:V)

LFA Lugano Financial Advisors SA boosted its stake in shares of Visa Inc. (NYSE:VFree Report) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 691 shares of the credit-card processor’s stock after purchasing an additional 46 shares during the quarter. LFA Lugano Financial Advisors SA’s holdings in Visa were worth $180,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of V. Hibernia Wealth Partners LLC acquired a new position in shares of Visa during the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new position in shares of Visa during the 3rd quarter worth about $25,000. West Tower Group LLC acquired a new position in shares of Visa during the 2nd quarter worth about $30,000. Financial Freedom LLC acquired a new position in shares of Visa during the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted 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 worth $33,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on V shares. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Monness Crespi & Hardt began coverage on Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Wedbush upped their target price on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. KeyCorp upped their target price on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Finally, UBS Group upped their target price on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and a consensus price target of $295.82.

Get Our Latest Stock Report on V

Visa Stock Down 0.3 %

Visa stock opened at $278.22 on Tuesday. The firm has a market capitalization of $510.95 billion, a PE ratio of 32.02, a P/E/G ratio of 1.93 and a beta of 0.96. The company’s 50-day moving average is $279.49 and its 200-day moving average is $259.18. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:VGet Free Report) last announced its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) 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 firm had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the prior year, the business posted $2.18 EPS. The business’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Dividend Announcement

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 was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on 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 SEC, which is available at this link. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on 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 in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s 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 directly owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

About Visa

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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