Valeo Financial Advisors LLC Purchases 403 Shares of Visa Inc. (NYSE:V)

Valeo Financial Advisors LLC grew its position in Visa Inc. (NYSE:V) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 59,716 shares of the credit-card processor’s stock after acquiring an additional 403 shares during the quarter. Visa comprises about 0.6% of Valeo Financial Advisors LLC’s portfolio, making the stock its 27th largest position. Valeo Financial Advisors LLC’s holdings in Visa were worth $15,547,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sapient Capital LLC purchased a new stake in shares of Visa in the fourth quarter worth approximately $24,122,000. Janiczek Wealth Management LLC grew its position in Visa by 6.3% in the 4th quarter. Janiczek Wealth Management LLC now owns 3,995 shares of the credit-card processor’s stock valued at $1,040,000 after acquiring an additional 236 shares during the last quarter. Cerity Partners LLC increased its stake in Visa by 135.1% in the 4th quarter. Cerity Partners LLC now owns 1,125,318 shares of the credit-card processor’s stock worth $292,977,000 after buying an additional 646,587 shares during the period. Cedrus LLC increased its position in shares of Visa by 10.1% during the fourth quarter. Cedrus LLC now owns 2,010 shares of the credit-card processor’s stock worth $523,000 after acquiring an additional 184 shares during the period. Finally, Financial Counselors Inc. increased its holdings in Visa by 1.5% during the 4th quarter. Financial Counselors Inc. now owns 230,296 shares of the credit-card processor’s stock worth $59,957,000 after purchasing an additional 3,395 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the stock in a transaction dated Friday, January 19th. The shares were 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 of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 232,112 shares in the company, valued at $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was 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 quarter, insiders sold 55,511 shares of company stock valued at $15,131,081. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $275.96 on Friday. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $506.80 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The business has a 50-day simple moving average of $280.13 and a 200-day simple moving average of $261.69.

Visa (NYSE:V) last announced its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the company posted $2.18 earnings per share. Visa’s revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities analysts expect that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s dividend payout ratio is presently 23.94%.

Analyst Ratings Changes

A number of research analysts have commented on V shares. Redburn Atlantic restated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Monness Crespi & Hardt began coverage on Visa in a report on Wednesday, December 20th. They issued a “neutral” rating on the stock. Evercore ISI upped their price objective on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Wells Fargo & Company lifted their target price on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, March 6th. Finally, Raymond James raised their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus target price of $296.87.

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.