Good Life Advisors LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

Good Life Advisors LLC raised its position in shares of Visa Inc. (NYSE:V – Get Rating) by 15.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,501 shares of the credit-card processor’s stock after purchasing an additional 1,403 shares during the period. Good Life Advisors LLC’s holdings in Visa were worth $2,182,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in shares of Visa by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 799,904 shares of the credit-card processor’s stock worth $166,188,000 after buying an additional 9,534 shares during the last quarter. Occidental Asset Management LLC boosted its stake in Visa by 4.3% during the 4th quarter. Occidental Asset Management LLC now owns 11,195 shares of the credit-card processor’s stock valued at $2,326,000 after purchasing an additional 465 shares during the last quarter. Private Trust Co. NA boosted its stake in Visa by 1.7% during the 4th quarter. Private Trust Co. NA now owns 8,208 shares of the credit-card processor’s stock valued at $1,705,000 after purchasing an additional 140 shares during the last quarter. Foster Group Inc. purchased a new stake in Visa during the 4th quarter valued at $210,000. Finally, Forsta AP Fonden boosted its stake in Visa by 25.8% during the 4th quarter. Forsta AP Fonden now owns 476,286 shares of the credit-card processor’s stock valued at $98,953,000 after purchasing an additional 97,600 shares during the last quarter. Hedge funds and other institutional investors own 81.87% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Citigroup raised their target price on Visa from $270.00 to $273.00 in a report on Wednesday, April 26th. Mizuho raised their price objective on shares of Visa from $220.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, January 30th. Barclays raised their price objective on shares of Visa from $270.00 to $272.00 in a research note on Monday, May 1st. Morgan Stanley raised their price objective on shares of Visa from $284.00 to $288.00 and gave the stock an “overweight” rating in a research note on Friday, January 27th. Finally, Truist Financial boosted their price objective on shares of Visa from $260.00 to $270.00 in a research note on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $260.08.

Visa Trading Up 1.0 %

Visa stock traded up $2.31 during trading on Friday, reaching $225.69. The company had a trading volume of 2,422,148 shares, compared to its average volume of 6,015,375. Visa Inc. has a 12-month low of $174.60 and a 12-month high of $235.57. The stock’s 50 day moving average price is $228.15 and its two-hundred day moving average price is $220.65. The firm has a market capitalization of $422.79 billion, a price-to-earnings ratio of 30.12, a PEG ratio of 1.70 and a beta of 0.97. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.50 and a current ratio of 1.50.

Visa (NYSE:V – Get Rating) last posted its earnings results on Tuesday, April 25th. The credit-card processor reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.97 by $0.12. Visa had a net margin of 50.95% and a return on equity of 50.21%. The business had revenue of $7.99 billion for the quarter, compared to analysts’ expectations of $7.79 billion. During the same period in the previous year, the company posted $1.79 earnings per share. The business’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, equities analysts expect that Visa Inc. will post 8.58 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Friday, May 12th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.80%. Visa’s dividend payout ratio (DPR) is 24.06%.

Insider Transactions at Visa

In other Visa news, CFO Vasant M. Prabhu sold 13,343 shares of the firm’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $234.26, for a total value of $3,125,731.18. Following the completion of the transaction, the chief financial officer now directly owns 73,638 shares in the company, valued at $17,250,437.88. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Visa news, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of Visa stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $223.99, for a total value of $12,991,420.00. Following the completion of the sale, the chairman now directly owns 162,354 shares in the company, valued at $36,365,672.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vasant M. Prabhu sold 13,343 shares of Visa stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $234.26, for a total transaction of $3,125,731.18. Following the completion of the sale, the chief financial officer now owns 73,638 shares of the company’s stock, valued at $17,250,437.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 174,277 shares of company stock worth $40,009,794. Insiders own 0.22% of the company’s stock.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).