Advantage Trust Co Acquires New Position in Visa Inc. (NYSE:V)

Advantage Trust Co acquired a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, HoldingsChannel reports. The firm acquired 200 shares of the credit-card processor’s stock, valued at approximately $52,000.

Other large investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd bought a new stake in Visa in the 3rd quarter valued at about $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa during the fourth quarter valued at approximately $32,000. Valued Wealth Advisors LLC acquired a new position in shares of Visa during the fourth quarter worth approximately $37,000. Delos Wealth Advisors LLC grew its holdings in Visa by 2,500.0% in the 4th quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor’s stock worth $41,000 after buying an additional 150 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. increased its position in Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock valued at $61,000 after acquiring an additional 94 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Macquarie boosted their price target on Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price objective on shares of Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Wedbush raised their target price on shares of Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. William Blair reaffirmed an “outperform” rating on shares of Visa in a research note on Wednesday, April 24th. Finally, Citigroup increased 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, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $303.00.

Insider Transactions at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction 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 directly owns 538 shares in the company, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the company’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 sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The disclosure for this sale can be found here. 0.19% of the stock is owned by insiders.

Visa Trading Up 0.5 %

Visa stock traded up $1.52 during midday trading on Thursday, reaching $278.71. The stock had a trading volume of 8,948,291 shares, compared to its average volume of 5,955,996. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $509.74 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 1.84 and a beta of 0.95. The firm’s fifty day simple moving average is $277.64 and its two-hundred day simple moving average is $266.44.

Visa (NYSE:V) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping the consensus estimate of $2.43 by $0.08. The business had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. Visa’s revenue was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.09 earnings per share. Equities analysts anticipate that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued a $0.52 dividend. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.75%. Visa’s dividend payout ratio is 23.24%.

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.