Fiera Capital Corp Acquires 25,054 Shares of Visa Inc. (NYSE:V)

Fiera Capital Corp lifted its holdings in Visa Inc. (NYSE:V - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 596,199 shares of the credit-card processor's stock after acquiring an additional 25,054 shares during the period. Fiera Capital Corp's holdings in Visa were worth $155,220,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new position in Visa during the third quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new position in shares of Visa during the 4th quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new position in shares of Visa in the fourth quarter valued at $37,000. Delos Wealth Advisors LLC increased its position in Visa by 2,500.0% in the fourth quarter. Delos Wealth Advisors LLC now owns 156 shares of the credit-card processor's stock worth $41,000 after purchasing an additional 150 shares during the last quarter. Finally, Advantage Trust Co purchased a new stake in Visa during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 82.15% of the company's stock.

Visa Stock Performance

Shares of NYSE:V traded up $0.38 during trading on Friday, hitting $280.22. The stock had a trading volume of 6,177,728 shares, compared to its average volume of 6,373,845. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The stock has a 50-day simple moving average of $277.51 and a two-hundred day simple moving average of $268.49. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $512.51 billion, a price-to-earnings ratio of 31.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.95.

Visa (NYSE:V - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, topping analysts' consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company's revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.09 earnings per share. On average, equities research analysts expect that Visa Inc. will post 9.94 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.74%. Visa's dividend payout ratio is currently 23.24%.

Insider Activity

In related news, Director Lloyd Carney sold 909 shares of the firm's stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company's stock, valued at approximately $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the business's stock in a transaction dated 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 $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the firm's stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at $713,950.05. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock worth $9,559,382 in the last quarter. Corporate insiders own 0.19% of the company's stock.

Analysts Set New Price Targets

V has been the topic of several recent research reports. Keefe, Bruyette & Woods increased their price target on Visa from $305.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, January 26th. Susquehanna increased their target price on shares of Visa from $300.00 to $326.00 and gave the company a "positive" rating in a research note on Friday, January 26th. William Blair reaffirmed an "outperform" rating on shares of Visa in a research note on Wednesday, April 24th. Redburn Atlantic reissued a "neutral" rating and issued a $307.00 price objective on shares of Visa in a research report on Wednesday, March 27th. Finally, Raymond James boosted their target price on Visa from $287.00 to $311.00 and gave the company an "outperform" rating in a research report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Based on data from MarketBeat, Visa presently has an average rating of "Moderate Buy" and an average price target of $303.76.

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.

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