Northeast Financial Consultants Inc Has $7.39 Million Stock Holdings in Visa Inc. (NYSE:V)

Northeast Financial Consultants Inc boosted its position in shares of Visa Inc. (NYSE:V) by 1.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 23,367 shares of the credit-card processor’s stock after purchasing an additional 274 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Visa were worth $7,385,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in shares of Visa during the 4th quarter valued at $26,000. Bradley & Co. Private Wealth Management LLC bought a new stake in shares of Visa during the 4th quarter valued at $27,000. POM Investment Strategies LLC raised its position in shares of Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock valued at $31,000 after acquiring an additional 32 shares during the last quarter. Compass Planning Associates Inc bought a new stake in shares of Visa during the 4th quarter valued at $32,000. Finally, NewSquare Capital LLC bought a new stake in shares of Visa during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the completion of the transaction, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 14,813 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $355.04, for a total transaction of $5,259,207.52. Following the transaction, the insider now owns 26,413 shares of the company’s stock, valued at approximately $9,377,671.52. This represents a 35.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 121,948 shares of company stock worth $41,548,282. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

V stock opened at $356.13 on Wednesday. The stock has a 50-day moving average price of $337.30 and a two-hundred day moving average price of $328.04. The stock has a market cap of $661.61 billion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54.

Visa (NYSE:V) last released its earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts’ expectations of $9.57 billion. Visa had a return on equity of 54.79% and a net margin of 54.27%. The company’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.51 EPS. Equities analysts forecast that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date is Tuesday, May 13th. Visa’s dividend payout ratio (DPR) is presently 23.72%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James reiterated an “outperform” rating and set a $393.00 target price (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Wells Fargo & Company upped their target price on shares of Visa from $360.00 to $395.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. JPMorgan Chase & Co. upped their target price on shares of Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Finally, UBS Group dropped their target price on shares of Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. Six equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $362.38.

About Visa

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.