LGT Financial Advisors LLC Buys New Shares in Visa Inc. (NYSE:V)

LGT Financial Advisors LLC purchased a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 800 shares of the credit-card processor's stock, valued at approximately $253,000.

A number of other large investors have also recently added to or reduced their stakes in V. Eagle Strategies LLC raised its stake in shares of Visa by 2.5% in the 4th quarter. Eagle Strategies LLC now owns 2,568 shares of the credit-card processor's stock valued at $811,000 after acquiring an additional 63 shares during the period. Sulzberger Capital Advisors Inc. purchased a new stake in Visa in the fourth quarter valued at approximately $244,000. Westbourne Investments Inc. acquired a new position in Visa during the fourth quarter worth $3,389,000. Freestone Grove Partners LP purchased a new position in shares of Visa during the fourth quarter worth $926,000. Finally, Wise Wealth Partners acquired a new stake in shares of Visa in the fourth quarter valued at $273,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Visa

In other Visa news, CAO Peter M. Andreski sold 2,332 shares of the company's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $349.62, for a total value of $815,313.84. Following the transaction, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total transaction of $3,129,060.00. Following the sale, the chief executive officer now directly owns 537 shares in the company, valued at $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 154,400 shares of company stock worth $52,711,258. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on V shares. BMO Capital Markets raised their target price on Visa from $370.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday. William Blair reissued an "outperform" rating on shares of Visa in a research note on Wednesday. Raymond James reiterated an "outperform" rating and set a $393.00 target price (up from $374.00) on shares of Visa in a report on Friday, January 31st. StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Macquarie reduced their price objective on Visa from $400.00 to $380.00 and set an "outperform" rating on the stock in a research note on Wednesday. Seven equities research analysts have rated the stock with a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $362.38.

Visa Stock Performance

V stock traded up $5.21 during trading on Friday, hitting $347.66. The company had a trading volume of 6,112,726 shares, compared to its average volume of 7,238,581. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $366.54. The firm has a 50-day moving average price of $337.61 and a 200-day moving average price of $324.83. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The firm has a market cap of $645.87 billion, a PE ratio of 35.05, a price-to-earnings-growth ratio of 2.33 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The credit-card processor reported $2.76 EPS for the quarter, topping analysts' consensus estimates of $2.68 by $0.08. The firm had revenue of $9.59 billion for the quarter, compared to the consensus estimate of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The firm's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.51 earnings per share. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 2nd. Investors of record on Tuesday, May 13th will be paid a $0.59 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa's payout ratio is 23.72%.

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.