Strategic Blueprint LLC Acquires 59 Shares of Visa Inc. (NYSE:V)

Strategic Blueprint LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,882 shares of the credit-card processor’s stock after acquiring an additional 59 shares during the period. Strategic Blueprint LLC’s holdings in Visa were worth $6,738,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of V. Moneta Group Investment Advisors LLC boosted its stake in shares of Visa by 116,608.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares during the period. Norges Bank purchased a new stake in shares of Visa during the fourth quarter valued at approximately $3,067,232,000. Morgan Stanley boosted its stake in shares of Visa by 13.0% during the fourth quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Visa by 17,418.7% during the fourth quarter. International Assets Investment Management LLC now owns 4,737,229 shares of the credit-card processor’s stock valued at $1,233,338,000 after purchasing an additional 4,710,188 shares during the period. Finally, State Street Corp boosted its stake in shares of Visa by 3.7% during the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock valued at $16,435,339,000 after purchasing an additional 2,572,159 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now directly 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 SEC, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,511 shares of company stock valued at $15,131,081. Insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE V opened at $274.40 on Thursday. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The stock has a 50-day moving average of $280.18 and a 200 day moving average of $261.07. The company has a market capitalization of $503.94 billion, a price-to-earnings ratio of 31.58, a PEG ratio of 1.92 and a beta of 0.96. 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 (NYSE:V) last released its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period last year, the company earned $2.18 EPS. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given 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 payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on V. Monness Crespi & Hardt began coverage on Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a research note on Wednesday, March 27th. Citigroup raised their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. KeyCorp raised their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company increased their price objective on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $295.82.

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.