Visa Inc. (NYSE:V) Shares Acquired by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. increased its holdings in Visa Inc. (NYSE:V) by 0.4% during the 4th quarter, HoldingsChannel reports. The fund owned 10,988 shares of the credit-card processor’s stock after acquiring an additional 49 shares during the quarter. Visa comprises approximately 0.5% of Cornercap Investment Counsel Inc.’s investment portfolio, making the stock its 21st largest holding. Cornercap Investment Counsel Inc.’s holdings in Visa were worth $2,861,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new stake in Visa in the third quarter worth approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter valued at $32,000. Financial Freedom LLC acquired a new position in shares of Visa in the fourth quarter worth $32,000. Finally, Nalls Sherbakoff Group LLC increased its stake in shares of Visa by 545.5% in the third 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 last quarter. 82.15% of the stock is owned by institutional investors.

Visa Trading Down 1.7 %

Shares of NYSE V opened at $271.28 on Tuesday. The stock has a market cap of $498.21 billion, a price-to-earnings ratio of 31.22, a P/E/G ratio of 1.91 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company’s fifty day moving average is $280.04 and its 200-day moving average is $262.19. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.34 by $0.07. The firm had revenue of $8.63 billion for 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 revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.18 EPS. Equities research analysts predict that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Evercore ISI increased their target price on shares of Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 26th. Susquehanna upped their price target on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Citigroup increased their target price on shares of Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Five research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Insider Buying and Selling at Visa

In other news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares in the company, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock valued at $15,131,081 in the last quarter. Company insiders own 0.19% of the company’s stock.

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.