Visa Inc. (NYSE:V) Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC raised its position in shares of Visa Inc. (NYSE:V) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,571 shares of the credit-card processor’s stock after acquiring an additional 348 shares during the quarter. Royal Fund Management LLC’s holdings in Visa were worth $1,711,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC increased its holdings in shares of Visa by 4.7% in the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the last quarter. Northern Trust Corp increased its stake in Visa by 4.7% during the third quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after acquiring an additional 763,505 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Visa by 2.7% during the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock worth $3,272,846,000 after acquiring an additional 374,489 shares during the last quarter. Jennison Associates LLC increased its stake in Visa by 0.7% during the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock worth $3,078,408,000 after acquiring an additional 85,123 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Visa by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 8,923,176 shares of the credit-card processor’s stock worth $2,323,149,000 after acquiring an additional 189,764 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, 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 transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 value of $250,474.95. Following the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,724 shares of company stock worth $3,278,698. Corporate insiders own 0.19% of the company’s stock.

Visa Stock Up 0.3 %

V traded up $0.88 on Friday, reaching $268.49. The company’s stock had a trading volume of 3,862,018 shares, compared to its average volume of 6,930,902. The company has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.83 and a beta of 0.95. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a 50 day moving average of $278.17 and a two-hundred day moving average of $265.42.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the business posted $2.09 EPS. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal 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 dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Wall Street Analysts Forecast Growth

V has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Mizuho boosted their price objective on Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Thursday. Evercore ISI increased their target price on Visa from $325.00 to $335.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Oppenheimer lifted their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Finally, Wedbush boosted their price target on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $303.00.

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.