Wolf Group Capital Advisors Increases Stake in Visa Inc. (NYSE:V)

Wolf Group Capital Advisors increased its holdings in Visa Inc. (NYSE:VFree Report) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,350 shares of the credit-card processor’s stock after purchasing an additional 659 shares during the period. Visa makes up about 2.0% of Wolf Group Capital Advisors’ investment portfolio, making the stock its 10th largest position. Wolf Group Capital Advisors’ holdings in Visa were worth $4,120,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of V. 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 bought a new position in Visa during the second quarter valued at $30,000. Financial Freedom LLC bought a new position in Visa during the fourth quarter valued at $32,000. Finally, Nalls Sherbakoff Group LLC increased its position in 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 acquiring an additional 120 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the 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 document filed with the Securities & Exchange Commission, which can be accessed 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 SEC, which is accessible through the SEC website. Also, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by insiders.

Visa Stock Performance

V stock opened at $278.55 on Wednesday. The firm has a market cap of $511.56 billion, a price-to-earnings ratio of 32.05, a PEG ratio of 1.92 and a beta of 0.96. The firm has a 50-day simple moving average of $279.62 and a two-hundred day simple moving average of $259.44. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. 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 (NYSE:VGet Free Report) last released 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. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.18 earnings per share. On average, equities analysts forecast that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Announces Dividend

The company also recently declared 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. This represents a $2.08 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s payout ratio is 23.94%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Royal Bank of Canada boosted their price objective on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Citigroup boosted their price objective on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Jefferies Financial Group upped their price target on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Five research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa presently has an average rating of “Moderate Buy” and an average target price of $295.82.

Read Our Latest Stock Analysis on V

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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