Colton Groome Financial Advisors LLC Buys 1,217 Shares of Visa Inc. (NYSE:V)

Colton Groome Financial Advisors LLC increased its position in Visa Inc. (NYSE:V) by 17.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,217 shares of the credit-card processor’s stock after acquiring an additional 1,217 shares during the quarter. Visa comprises approximately 0.9% of Colton Groome Financial Advisors LLC’s holdings, making the stock its 28th biggest position. Colton Groome Financial Advisors LLC’s holdings in Visa were worth $2,139,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of V. Investment Advisory Services Inc. TX ADV grew its holdings in Visa by 2.0% during the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after buying an additional 78 shares in the last quarter. Towerpoint Wealth LLC bought a new stake in Visa in the 4th quarter valued at $216,000. Wayfinding Financial LLC increased its holdings in Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after acquiring an additional 161 shares during the last quarter. Richelieu Gestion SA purchased a new stake in Visa in the 4th quarter worth $307,000. Finally, Cooper Financial Group boosted its holdings in shares of Visa by 6.4% during the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Visa news, 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 value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders sold 18,965 shares of company stock worth $5,256,352 in the last three months. 0.19% of the stock is owned by insiders.

Visa Stock Performance

V stock opened at $269.78 on Friday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The business has a 50-day moving average price of $279.58 and a 200 day moving average price of $263.12. The company has a market capitalization of $495.45 billion, a P/E ratio of 31.04, a PEG ratio of 1.86 and a beta of 0.96. 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:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. During the same quarter in the previous year, the business posted $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. KeyCorp lifted their target price on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Raymond James upped their price objective on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Finally, Citigroup increased their price target on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $298.43.

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.