Visa Inc. (NYSE:V) Stock Holdings Lifted by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC raised its position in Visa Inc. (NYSE:V) by 2.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,746 shares of the credit-card processor’s stock after purchasing an additional 570 shares during the quarter. Visa makes up approximately 1.5% of Trifecta Capital Advisors LLC’s holdings, making the stock its 18th biggest position. Trifecta Capital Advisors LLC’s holdings in Visa were worth $5,401,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new stake in shares of Visa in the third quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in shares of Visa in the third quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the fourth quarter worth about $32,000. Nalls Sherbakoff Group LLC lifted its position in shares of Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods boosted their price target on Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Mizuho reissued a “neutral” rating and set a $265.00 price objective on shares of Visa in a research report on Wednesday, March 27th. KeyCorp boosted their price objective on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Finally, Barclays boosted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Insider Activity

In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 55,511 shares of company stock worth $15,131,081. Company insiders own 0.19% of the company’s stock.

Visa Trading Down 0.8 %

V stock opened at $274.40 on Thursday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The firm has a market cap of $503.94 billion, a P/E ratio of 31.58, a P/E/G ratio of 1.92 and a beta of 0.96. The business’s 50 day moving average is $280.18 and its 200-day moving average is $261.07. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54.

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, beating 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 for the quarter, compared to analyst estimates of $8.55 billion. During the same period in the prior year, the company posted $2.18 EPS. The company’s revenue was up 9.3% compared to the same quarter last year. Equities analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders 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 dividend yield of 0.76%. Visa’s dividend payout ratio is currently 23.94%.

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.