815 Shares in Visa Inc. (NYSE:V) Acquired by Alternative Investment Advisors LLC.

Alternative Investment Advisors LLC. bought a new position in Visa Inc. (NYSE:V) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 815 shares of the credit-card processor’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verde Capital Management boosted its stake in Visa by 44.5% in the 2nd quarter. Verde Capital Management now owns 1,947 shares of the credit-card processor’s stock worth $511,000 after purchasing an additional 600 shares during the period. Cordatus Wealth Management LLC grew its holdings in shares of Visa by 0.9% during the second quarter. Cordatus Wealth Management LLC now owns 10,885 shares of the credit-card processor’s stock worth $2,857,000 after buying an additional 92 shares in the last quarter. Winthrop Advisory Group LLC raised its position in Visa by 2.8% in the 2nd quarter. Winthrop Advisory Group LLC now owns 9,180 shares of the credit-card processor’s stock valued at $2,409,000 after buying an additional 247 shares during the last quarter. JLB & Associates Inc. boosted its position in Visa by 2.0% during the 2nd quarter. JLB & Associates Inc. now owns 10,495 shares of the credit-card processor’s stock worth $2,755,000 after acquiring an additional 205 shares during the last quarter. Finally, Hayek Kallen Investment Management grew its stake in shares of Visa by 0.9% during the 2nd quarter. Hayek Kallen Investment Management now owns 21,763 shares of the credit-card processor’s stock worth $5,712,000 after acquiring an additional 192 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on V. Oppenheimer restated an “outperform” rating and set a $321.00 target price (up previously from $318.00) on shares of Visa in a report on Wednesday, October 30th. TD Cowen raised their price target on Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Visa from $320.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, October 30th. BNP Paribas raised Visa from a “neutral” rating to an “outperform” rating and set a $325.00 price objective for the company in a research report on Tuesday, September 3rd. Finally, Morgan Stanley lifted their price target on shares of Visa from $322.00 to $326.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $324.74.

Insider Activity at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.19% of the stock is currently owned by company insiders.

Visa Trading Up 0.3 %

Shares of V stock traded up $1.01 on Friday, hitting $315.24. 859,215 shares of the company’s stock traded hands, compared to its average volume of 6,868,554. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $587.25 billion, a price-to-earnings ratio of 32.29, a P/E/G ratio of 2.11 and a beta of 0.96. The company’s fifty day simple moving average is $298.56 and its 200 day simple moving average is $280.71. Visa Inc. has a one year low of $252.70 and a one year high of $317.42.

Visa (NYSE:V) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The company had revenue of $9.62 billion during the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the company posted $2.33 EPS. Visa’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts forecast that Visa Inc. will post 11.19 EPS for the current year.

Visa Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. This is an increase from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Visa 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.