Avidian Wealth Solutions LLC Raises Stock Holdings in Visa Inc. (NYSE:V)

Avidian Wealth Solutions LLC boosted its stake in Visa Inc. (NYSE:V) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 6,511 shares of the credit-card processor’s stock after buying an additional 282 shares during the period. Avidian Wealth Solutions LLC’s holdings in Visa were worth $1,695,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Nadler Financial Group Inc. lifted its position in Visa by 2.4% in the 4th quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares during the last quarter. Towerpoint Wealth LLC bought a new stake in shares of Visa in the 4th quarter worth approximately $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Visa in the 4th quarter valued at $3,427,000. Wayfinding Financial LLC grew its holdings in shares of Visa by 10.1% during the 3rd quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock valued at $406,000 after purchasing an additional 161 shares during the last quarter. Finally, Richelieu Gestion SA purchased a new position in Visa in the 4th quarter worth $307,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the 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 transaction, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total value of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,724 shares of company stock worth $3,278,698. Company insiders own 0.19% of the company’s stock.

Visa Stock Up 0.3 %

V traded up $0.88 during midday trading 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. Visa Inc. has a 1 year low of $216.14 and a 1 year high of $290.96. The stock’s 50-day moving average is $278.17 and its 200-day moving average is $265.79. The firm has a market capitalization of $493.08 billion, a price-to-earnings ratio of 30.00, a PEG ratio of 1.84 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $8.62 billion. During the same period last year, the business earned $2.09 EPS. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, research analysts expect that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on V shares. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Susquehanna increased their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Raymond James raised their target price on shares of Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $303.00.

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.