Visa Inc. (NYSE:V) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 646,948 shares of the credit-card processor's stock after purchasing an additional 13,450 shares during the quarter. Cetera Investment Advisers' holdings in Visa were worth $204,462,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Riverstone Advisors LLC purchased a new stake in Visa in the 4th quarter valued at $217,000. Blue Rock Wealth Management LLC purchased a new stake in shares of Visa in the fourth quarter valued at about $306,000. Aptus Capital Advisors LLC raised its holdings in shares of Visa by 19.8% in the fourth quarter. Aptus Capital Advisors LLC now owns 182,658 shares of the credit-card processor's stock valued at $57,727,000 after buying an additional 30,185 shares during the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after buying an additional 1,361 shares during the period. Finally, King Wealth Management Group grew its holdings in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after buying an additional 6,172 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company's stock.

Insider Transactions at Visa

In related news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred 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 now owns 11,925 shares of the company's stock, valued at approximately $4,121,041.50. This represents a 17.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 143,208 shares of company stock worth $48,905,978 in the last three months. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Citigroup restated a "neutral" rating on shares of Visa in a research note on Thursday, February 13th. BMO Capital Markets increased their price target on Visa from $370.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, April 30th. StockNews.com cut shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research note on Friday, March 21st. Seven research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Visa has a consensus rating of "Moderate Buy" and a consensus target price of $362.38.

Visa Stock Performance

Shares of V opened at $348.67 on Tuesday. The company has a market capitalization of $647.75 billion, a price-to-earnings ratio of 35.15, a PEG ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company's 50 day simple moving average is $337.57 and its 200 day simple moving average is $325.48.

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

Visa Dividend Announcement

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

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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