Trinity Financial Advisors LLC Takes $259,000 Position in Visa Inc. (NYSE:V)

Trinity Financial Advisors LLC acquired a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 824 shares of the credit-card processor’s stock, valued at approximately $259,000.

Several other hedge funds have also recently bought and sold shares of V. Atlas Brown Inc. raised its stake in Visa by 0.8% during the 4th quarter. Atlas Brown Inc. now owns 5,288 shares of the credit-card processor’s stock valued at $1,671,000 after acquiring an additional 42 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in shares of Visa by 8.9% during the fourth quarter. LVM Capital Management Ltd. MI now owns 2,143 shares of the credit-card processor’s stock valued at $677,000 after purchasing an additional 176 shares during the period. ORG Wealth Partners LLC raised its stake in shares of Visa by 9.8% during the fourth quarter. ORG Wealth Partners LLC now owns 2,644 shares of the credit-card processor’s stock valued at $836,000 after purchasing an additional 236 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in Visa by 0.4% in the fourth quarter. ST Germain D J Co. Inc. now owns 28,734 shares of the credit-card processor’s stock worth $9,081,000 after purchasing an additional 114 shares during the period. Finally, ORG Partners LLC grew its position in Visa by 28.6% in the 4th quarter. ORG Partners LLC now owns 5,307 shares of the credit-card processor’s stock valued at $1,680,000 after buying an additional 1,179 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

NYSE V traded down $4.89 during midday trading on Friday, hitting $307.71. The company had a trading volume of 6,580,342 shares, compared to its average volume of 5,172,625. The firm has a fifty day simple moving average of $311.80 and a two-hundred day simple moving average of $286.63. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $573.23 billion, a price-to-earnings ratio of 31.62, a P/E/G ratio of 2.11 and a beta of 0.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to analyst estimates of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.33 EPS. Equities analysts forecast that Visa Inc. will post 11.23 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.77%. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. Visa’s dividend payout ratio (DPR) is 24.25%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the company’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 approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on V shares. Robert W. Baird upped their price objective on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Mizuho upped their price target on shares of Visa from $279.00 to $292.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. Jefferies Financial Group increased their target price on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets lifted their price target on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $330.85.

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.