Allen Capital Group LLC Increases Position in Visa Inc. (NYSE:V)

Allen Capital Group LLC lifted its position in shares of Visa Inc. (NYSE:V) by 7.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,223 shares of the credit-card processor’s stock after buying an additional 675 shares during the period. Allen Capital Group LLC’s holdings in Visa were worth $2,662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of V. Investment Advisory Services Inc. TX ADV boosted its holdings in shares of Visa by 2.0% in the 3rd quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock valued at $904,000 after purchasing an additional 78 shares during the last quarter. Towerpoint Wealth LLC acquired a new position in shares of Visa in the 4th quarter valued at $216,000. Wayfinding Financial LLC boosted its holdings in shares of Visa by 10.1% in the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares during the last quarter. Richelieu Gestion SA acquired a new position in shares of Visa in the 4th quarter valued at $307,000. Finally, Cooper Financial Group boosted its holdings in shares of Visa by 6.4% in the 4th quarter. Cooper Financial Group now owns 7,926 shares of the credit-card processor’s stock valued at $2,064,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. TD Cowen started coverage on shares of Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 target price on the stock. Wedbush lifted their target price on shares of Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Raymond James lifted their target price on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company lifted their target price on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Five analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $298.43.

Insider Activity at Visa

In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the business’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 directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’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 completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’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 transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last quarter. Insiders own 0.19% of the company’s stock.

Visa Price Performance

V opened at $272.69 on Thursday. The company has a 50-day moving average of $279.80 and a 200-day moving average of $262.56. The company has a market capitalization of $500.80 billion, a P/E ratio of 31.38, a PEG ratio of 1.87 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-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:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $8.55 billion. During the same quarter in the prior year, the firm earned $2.18 EPS. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities analysts expect that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is presently 23.94%.

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.