RiverFront Investment Group LLC Purchases 1,124 Shares of Visa Inc. (NYSE:V)

RiverFront Investment Group LLC raised its stake in shares of Visa Inc. (NYSE:V) by 6.0% during the 4th quarter, Holdings Channel.com reports. The fund owned 19,829 shares of the credit-card processor’s stock after acquiring an additional 1,124 shares during the period. RiverFront Investment Group LLC’s holdings in Visa were worth $5,162,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of V. Altshuler Shaham Ltd bought a new position in Visa during the 3rd quarter valued at $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the 4th quarter worth $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa during the 4th quarter worth $37,000. Stuart Chaussee & Associates Inc. raised its stake in shares of Visa by 66.2% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after purchasing an additional 94 shares during the period. Finally, Macroview Investment Management LLC raised its stake in shares of Visa by 1,019.2% during the 3rd 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. 82.15% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at $713,950.05. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was 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 directly owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by corporate insiders.

Visa Trading Down 0.2 %

V stock traded down $0.64 on Friday, reaching $274.52. The company’s stock had a trading volume of 6,840,615 shares, compared to its average volume of 6,528,673. The business has a fifty day simple moving average of $279.24 and a two-hundred day simple moving average of $264.52. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The firm has a market cap of $504.16 billion, a PE ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company had revenue of $8.78 billion during the quarter, compared to analyst estimates of $8.62 billion. During the same quarter last year, the firm posted $2.09 earnings per share. The firm’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts forecast that Visa Inc. will post 9.89 EPS for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on V. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 target price on shares of Visa in a research note on Wednesday, March 27th. Macquarie upped their price objective on shares of Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a report on Wednesday. Citigroup upped their price objective on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday. Mizuho reaffirmed a “neutral” rating and set a $265.00 price objective on shares of Visa in a report on Wednesday, March 27th. Finally, Wells Fargo & Company upped their price objective 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 research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average target price of $302.58.

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.