FLC Capital Advisors Acquires 474 Shares of Visa Inc. (NYSE:V)

FLC Capital Advisors grew its position in Visa Inc. (NYSE:V) by 20.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,811 shares of the credit-card processor’s stock after purchasing an additional 474 shares during the quarter. FLC Capital Advisors’ holdings in Visa were worth $732,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BCK Partners Inc. bought a new stake in shares of Visa in the 1st quarter worth approximately $2,717,000. Markel Corp boosted its stake in shares of Visa by 0.3% in the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock valued at $213,144,000 after purchasing an additional 3,065 shares in the last quarter. AMI Investment Management Inc. purchased a new position in Visa in the 1st quarter worth approximately $2,323,000. Ergoteles LLC purchased a new position in Visa during the 1st quarter valued at about $538,000. Finally, XTX Topco Ltd bought a new position in Visa in the 1st quarter worth $1,496,000. 82.15% of the stock is currently owned by institutional investors.

Visa Trading Up 0.0 %

Visa stock traded up $0.06 during midday trading on Thursday, reaching $279.08. 5,771,881 shares of the stock traded hands, compared to its average volume of 5,649,565. The company has a 50-day simple moving average of $279.11 and a two-hundred day simple moving average of $258.66. 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 Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a market cap of $512.53 billion, a PE ratio of 32.16, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results 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 net margin of 53.92% and a return on equity of 50.02%. The firm had revenue of $8.63 billion for the quarter, compared to analysts’ expectations of $8.55 billion. During the same quarter last year, the company earned $2.18 earnings per share. The firm’s revenue was up 9.3% compared to the same quarter last year. Research analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is currently 23.94%.

Analysts Set New Price Targets

A number of brokerages have weighed in on V. BMO Capital Markets began coverage on Visa in a research report on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 target price for the company. Royal Bank of Canada boosted their price target on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. Mizuho restated a “neutral” rating and issued a $265.00 price objective on shares of Visa in a research note on Wednesday. Finally, William Blair reaffirmed an “outperform” rating on shares of Visa in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $295.82.

Insider Transactions at Visa

In related news, insider Rajat Taneja sold 36,546 shares of the company’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 sale, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Rajat Taneja sold 36,546 shares of the firm’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 transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock worth $12,832,129 over the last ninety days. 0.19% of the stock is currently owned by company 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.