Wealth Alliance Buys 269 Shares of Visa Inc. (NYSE:V)

Wealth Alliance raised its stake in Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,221 shares of the credit-card processor’s stock after acquiring an additional 269 shares during the quarter. Wealth Alliance’s holdings in Visa were worth $3,182,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Hibernia Wealth Partners LLC bought a new position in shares of Visa during the third quarter worth approximately $25,000. Altshuler Shaham Ltd bought a new position in shares of Visa during the third quarter worth approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the fourth quarter worth approximately $32,000. Financial Freedom LLC bought a new position in shares of Visa during the fourth quarter worth approximately $32,000. Finally, Nalls Sherbakoff Group LLC increased its holdings in shares of Visa by 545.5% during the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares during the period. 82.15% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total transaction of $729,271.20. Following the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,511 shares of company stock worth $15,131,081. 0.19% of the stock is owned by insiders.

Visa Trading Up 0.5 %

V opened at $272.69 on Thursday. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market cap of $500.80 billion, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 1.87 and a beta of 0.96. The company has a fifty day moving average price of $279.80 and a two-hundred day moving average price of $262.56.

Visa (NYSE:V) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.18 earnings per share. Analysts predict that Visa Inc. will post 9.88 EPS for the current fiscal year.

Visa Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on V. Barclays increased their price target on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Royal Bank of Canada raised their target price on shares of Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Redburn Atlantic restated a “neutral” rating and issued a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 target price on the stock. Finally, Robert W. Baird lifted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Visa presently has an average rating of “Moderate Buy” and an average target price of $298.43.

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.