Cetera Investment Advisers Has $233.28 Million Position in Visa Inc. (NYSE:V)

Cetera Investment Advisers boosted its stake in Visa Inc. (NYSE:V - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 665,644 shares of the credit-card processor's stock after buying an additional 18,696 shares during the quarter. Cetera Investment Advisers' holdings in Visa were worth $233,282,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of V. von Borstel & Associates Inc. acquired a new stake in Visa during the 1st quarter valued at approximately $27,000. Measured Risk Portfolios Inc. bought a new stake in shares of Visa in the 4th quarter worth about $47,000. O Brien Wealth Partners LLC acquired a new stake in shares of Visa in the 1st quarter valued at about $54,000. Global X Japan Co. Ltd. acquired a new stake in shares of Visa in the 1st quarter valued at about $56,000. Finally, Cedar Mountain Advisors LLC lifted its position in shares of Visa by 28.5% during the first quarter. Cedar Mountain Advisors LLC now owns 167 shares of the credit-card processor's stock worth $59,000 after purchasing an additional 37 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Price Performance

Shares of V traded up $2.96 during mid-day trading on Friday, hitting $356.93. 3,915,274 shares of the company traded hands, compared to its average volume of 5,404,370. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $658.60 billion, a price-to-earnings ratio of 35.87, a PEG ratio of 2.39 and a beta of 0.92. The business has a 50-day moving average of $356.30 and a 200 day moving average of $345.00. Visa Inc. has a one year low of $254.51 and a one year high of $375.51.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.68 by $0.08. The firm had revenue of $9.59 billion during the quarter, compared to analysts' expectations of $9.57 billion. Visa had a return on equity of 56.28% and a net margin of 52.86%. The company's quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.51 EPS. As a group, equities analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Tuesday, May 13th were given a $0.59 dividend. The ex-dividend date was Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.66%. Visa's dividend payout ratio is 23.72%.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 46,214 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $370.00, for a total value of $17,099,180.00. Following the completion of the transaction, the insider directly owned 26,413 shares of the company's stock, valued at approximately $9,772,810. This represents a 63.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,575 shares of Visa stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $345.58, for a total transaction of $889,868.50. Following the completion of the sale, the general counsel owned 11,925 shares in the company, valued at $4,121,041.50. The trade was a 17.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,108 shares of company stock valued at $36,771,200 in the last 90 days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on V. Macquarie decreased their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. UBS Group increased their price target on Visa from $395.00 to $405.00 and gave the stock a "buy" rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded shares of Visa from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Oppenheimer increased their target price on shares of Visa from $390.00 to $391.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Barclays reaffirmed an "overweight" rating on shares of Visa in a research note on Friday, June 13th. Five investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has an average rating of "Moderate Buy" and a consensus price target of $375.52.

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.