LFA Lugano Financial Advisors SA Raises Stake in Visa Inc. (NYSE:V)

LFA Lugano Financial Advisors SA grew its stake in shares of Visa Inc. (NYSE:VFree Report) by 7.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 691 shares of the credit-card processor’s stock after buying an additional 46 shares during the period. LFA Lugano Financial Advisors SA’s holdings in Visa were worth $180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new stake in Visa in the third quarter worth $25,000. Altshuler Shaham Ltd bought a new position in Visa during the third quarter valued at $25,000. West Tower Group LLC purchased a new stake in shares of Visa during the second quarter valued at $30,000. Nalls Sherbakoff Group LLC boosted its stake in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Visa during the fourth quarter valued at $37,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction 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 transaction, the insider now owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated 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. Insiders have sold 55,511 shares of company stock worth $15,131,081 in the last quarter. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on V shares. BMO Capital Markets began coverage on shares of Visa in a research note on Tuesday, December 5th. They set an “outperform” rating and a $280.00 target price for the company. KeyCorp upped their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, January 8th. Wedbush upped their price objective on shares of Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a report on Wednesday, March 27th. Five analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $295.82.

Check Out Our Latest Research Report on Visa

Visa Price Performance

Shares of NYSE:V opened at $278.22 on Tuesday. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company’s 50 day moving average is $279.49 and its 200 day moving average is $259.18. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $510.95 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 1.93 and a beta of 0.96.

Visa (NYSE:VGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping 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 company had revenue of $8.63 billion for the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company earned $2.18 EPS. Visa’s quarterly revenue was up 9.3% on a year-over-year basis. On average, sell-side analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a $0.52 dividend. 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%.

Visa Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding V? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Visa Inc. (NYSE:VFree Report).

Institutional Ownership by Quarter for Visa (NYSE:V)

Receive News & Ratings for Visa Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Visa and related companies with MarketBeat.com's FREE daily email newsletter.