KFA Private Wealth Group LLC Increases Stake in Visa Inc. (NYSE:V)

KFA Private Wealth Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 35.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,852 shares of the credit-card processor’s stock after buying an additional 480 shares during the period. KFA Private Wealth Group LLC’s holdings in Visa were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of V. Trifecta Capital Advisors LLC raised its stake in Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the period. Fifth Third Wealth Advisors LLC raised its position in shares of Visa by 54.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 5,621 shares of the credit-card processor’s stock valued at $1,293,000 after buying an additional 1,970 shares during the period. Bellecapital International Ltd. lifted its holdings in Visa by 74.1% in the third quarter. Bellecapital International Ltd. now owns 2,917 shares of the credit-card processor’s stock valued at $671,000 after acquiring an additional 1,242 shares during the last quarter. Founders Financial Securities LLC grew its position in Visa by 5.7% in the third quarter. Founders Financial Securities LLC now owns 11,948 shares of the credit-card processor’s stock worth $2,748,000 after acquiring an additional 649 shares during the period. Finally, Leonard Rickey Investment Advisors P.L.L.C. increased its stake in Visa by 9.2% during the third quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 2,568 shares of the credit-card processor’s stock worth $591,000 after acquiring an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,200 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was 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 directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the company’s 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 in the company, valued at approximately $150,833.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction 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 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 19,874 shares of company stock valued at $5,506,827 in the last ninety days. Insiders own 0.19% of the company’s stock.

Visa Stock Down 0.2 %

Visa stock traded down $0.58 during midday trading on Friday, reaching $274.58. The company’s stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a market cap of $504.27 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. The business has a 50-day simple moving average of $279.24 and a 200-day simple moving average of $264.33. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week high of $290.96.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The business 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 business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.09 EPS. On average, research analysts expect that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, May 16th. Visa’s dividend payout ratio (DPR) is 23.24%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Evercore ISI upped their price target on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Robert W. Baird increased their target price on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Raymond James boosted their price target on shares of Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. KeyCorp increased their price objective on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, January 8th. Finally, Oppenheimer boosted their target price on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and an average price target of $302.58.

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.