Visa Inc. (NYSE:V) Shares Acquired by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC boosted its position in Visa Inc. (NYSE:V) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,421 shares of the credit-card processor’s stock after purchasing an additional 795 shares during the period. Visa accounts for about 1.3% of Knights of Columbus Asset Advisors LLC’s portfolio, making the stock its 7th biggest holding. Knights of Columbus Asset Advisors LLC’s holdings in Visa were worth $19,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter valued at about $32,000. Nalls Sherbakoff Group LLC grew its position in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter valued at about $37,000. Finally, Financial Freedom LLC bought a new stake in shares of Visa in the 4th quarter valued at about $32,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Down 0.6 %

Shares of NYSE:V opened at $269.78 on Friday. The business’s 50 day simple moving average is $279.58 and its two-hundred day simple moving average is $263.12. The firm has a market cap 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 quick ratio of 1.45 and a current ratio of 1.45. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

Visa (NYSE:V) last issued 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. The firm had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.18 earnings per share. As a group, research analysts forecast that Visa Inc. will post 9.88 EPS 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. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Analyst Upgrades and Downgrades

V has been the topic of a number of analyst reports. Mizuho reiterated a “neutral” rating and issued a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Keefe, Bruyette & Woods upped their target price on Visa from $305.00 to $315.00 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. Evercore ISI upped their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research report on Tuesday, March 26th. Finally, Robert W. Baird upped their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.43.

Insider Transactions at Visa

In other news, 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 completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, 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 transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction that occurred on 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. Insiders sold a total of 18,965 shares of company stock valued at $5,256,352 over the last ninety days. 0.19% of the stock is currently owned by insiders.

Visa Company 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.