Cetera Trust Company N.A Buys Shares of 12,186 Visa Inc. (NYSE:V)

Cetera Trust Company N.A acquired a new position in Visa Inc. (NYSE:V) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 12,186 shares of the credit-card processor’s stock, valued at approximately $3,173,000. Visa makes up 2.0% of Cetera Trust Company N.A’s holdings, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently modified their holdings of V. Altshuler Shaham Ltd bought a new stake in shares of Visa in the 3rd quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC raised its stake in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares in the last quarter. Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth $37,000. Finally, Macroview Investment Management LLC raised its position in shares of Visa by 1,019.2% during the third quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock worth $67,000 after purchasing an additional 265 shares during the period. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,965 shares of company stock worth $5,256,352. 0.19% of the stock is owned by corporate insiders.

Visa Stock Performance

Shares of NYSE V opened at $272.31 on Tuesday. The business’s 50-day moving average price is $279.52 and its two-hundred day moving average price is $263.62. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $290.96. The company has a market capitalization of $500.10 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96.

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

Visa Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 6th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research report on Friday, January 26th. Susquehanna boosted their target price on Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Finally, Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 target price on shares of Visa in a research report on Wednesday, March 27th. Five equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Visa Company 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.