Great Valley Advisor Group Inc. Raises Stake in Visa Inc. (NYSE:V)

Great Valley Advisor Group Inc. lifted its stake in shares of Visa Inc. (NYSE:V) by 8.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,403 shares of the credit-card processor’s stock after buying an additional 5,195 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Visa were worth $17,549,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Trifecta Capital Advisors LLC increased its holdings in shares of Visa by 2.7% in the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock valued at $4,641,000 after acquiring an additional 536 shares during the period. Zullo Investment Group Inc. increased its holdings in shares of Visa by 1.8% in the 3rd quarter. Zullo Investment Group Inc. now owns 6,997 shares of the credit-card processor’s stock valued at $1,609,000 after acquiring an additional 122 shares during the period. Walkner Condon Financial Advisors LLC increased its holdings in shares of Visa by 6.9% in the 3rd quarter. Walkner Condon Financial Advisors LLC now owns 1,024 shares of the credit-card processor’s stock valued at $236,000 after acquiring an additional 66 shares during the period. FOCUS Wealth Advisors LLC increased its holdings in shares of Visa by 2.9% in the 3rd quarter. FOCUS Wealth Advisors LLC now owns 6,852 shares of the credit-card processor’s stock valued at $1,576,000 after acquiring an additional 195 shares during the period. Finally, MCF Advisors LLC increased its holdings in shares of Visa by 3.4% in the 3rd quarter. MCF Advisors LLC now owns 9,364 shares of the credit-card processor’s stock valued at $2,154,000 after acquiring an additional 310 shares during the period. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Price Performance

NYSE V traded down $1.29 during trading hours on Wednesday, reaching $267.32. The company’s stock had a trading volume of 6,037,363 shares, compared to its average volume of 5,938,064. The stock has a market cap of $490.94 billion, a PE ratio of 29.86, a PEG ratio of 1.87 and a beta of 0.96. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company’s 50-day moving average is $278.98 and its two-hundred day moving average is $265.19. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.40 and a current ratio of 1.40.

Visa (NYSE:V) last issued its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The firm’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 EPS. Analysts forecast that Visa Inc. will post 9.9 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 annualized dividend and a dividend yield of 0.78%. Visa’s dividend payout ratio is currently 23.24%.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders have sold 19,874 shares of company stock valued at $5,506,827 in the last ninety days. Insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on V shares. Barclays boosted their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Redburn Atlantic restated a “neutral” rating and set a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Robert W. Baird upped their price objective on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Finally, UBS Group upped their price objective on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $302.58.

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.