Visa Inc. (NYSE:V) Shares Bought by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in Visa Inc. (NYSE:VFree Report) by 8.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,489 shares of the credit-card processor’s stock after purchasing an additional 1,478 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Visa were worth $5,074,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in V. Hibernia Wealth Partners LLC acquired a new stake in Visa during the 3rd quarter valued at $25,000. Altshuler Shaham Ltd purchased a new position in shares of Visa during the third quarter valued at $25,000. West Tower Group LLC acquired a new position in Visa during the second quarter valued at $30,000. Financial Freedom LLC purchased a new stake in Visa in the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted its position in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after acquiring an additional 120 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on V. Monness Crespi & Hardt initiated coverage on shares of Visa in a research report on Wednesday, December 20th. They issued a “neutral” rating for the company. Jefferies Financial Group lifted their target price on shares of Visa from $280.00 to $295.00 and gave the company a “buy” rating in a research note on Tuesday, December 12th. BMO Capital Markets started coverage on shares of Visa in a research note on Tuesday, December 5th. They issued an “outperform” rating and a $280.00 price target on the stock. Barclays upped their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Raymond James upped their price target on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Five investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $295.82.

View Our Latest Stock Analysis on Visa

Visa Stock Down 0.3 %

V stock opened at $278.22 on Tuesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a 50-day moving average of $279.49 and a two-hundred day moving average of $259.18. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a market capitalization of $510.95 billion, a price-to-earnings 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 released 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 business had revenue of $8.63 billion during 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% on a year-over-year basis. As a group, equities research analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

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

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock worth $15,131,081. Company insiders own 0.19% of the company’s stock.

Visa Company 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.

See Also

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Institutional Ownership by Quarter for Visa (NYSE:V)

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