Ballentine Partners LLC Has $7.93 Million Stake in Visa Inc. (NYSE:V)

Ballentine Partners LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 15.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,447 shares of the credit-card processor's stock after buying an additional 4,012 shares during the quarter. Ballentine Partners LLC's holdings in Visa were worth $7,927,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Hibernia Wealth Partners LLC acquired a new stake in Visa during the 3rd quarter valued at approximately $25,000. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter valued at approximately $25,000. West Tower Group LLC acquired a new stake in Visa during the 2nd quarter valued at approximately $30,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor's stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in Visa during the 4th quarter valued at approximately $37,000. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Performance

NYSE V traded up $3.16 during trading on Friday, reaching $277.16. 4,388,113 shares of the company's stock were exchanged, compared to its average volume of 5,600,535. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96. The stock has a market capitalization of $509.01 billion, a P/E ratio of 31.89, a PEG ratio of 1.91 and a beta of 0.96. The business has a 50 day moving average price of $280.08 and a 200-day moving average price of $260.15. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts' expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The business's revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.18 earnings per share. Sell-side analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, February 8th. Visa's payout ratio is presently 23.94%.

Insiders Place Their Bets

In other Visa news, 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 directly owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction on Monday, April 1st. The shares were 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 disclosure for this sale can be found here. Insiders sold 55,511 shares of company stock worth $15,131,081 over the last three months. Insiders own 0.19% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on V shares. Monness Crespi & Hardt started coverage on Visa in a research report on Wednesday, December 20th. They issued a "neutral" rating for the company. UBS Group lifted their target price on Visa from $305.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, January 26th. Wedbush lifted their target price on Visa from $270.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Keefe, Bruyette & Woods lifted their target price on Visa from $305.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, January 26th. Finally, Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the stock a "positive" rating in a research report on Friday, January 26th. Five analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and an average price target of $295.82.

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.