Montag A & Associates Inc. Purchases 5,787 Shares of Visa Inc. (NYSE:V)

Montag A & Associates Inc. increased its stake in Visa Inc. (NYSE:VFree Report) by 8.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,723 shares of the credit-card processor’s stock after purchasing an additional 5,787 shares during the quarter. Visa comprises about 1.1% of Montag A & Associates Inc.’s holdings, making the stock its 19th largest position. Montag A & Associates Inc.’s holdings in Visa were worth $16,957,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Hibernia Wealth Partners LLC bought a new stake in Visa during the 3rd quarter valued at approximately $25,000. West Tower Group LLC bought a new position in shares of Visa in the second quarter worth about $30,000. Nalls Sherbakoff Group LLC grew its stake in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Financial Freedom LLC purchased a new position in shares of Visa during the fourth quarter valued at $32,000. Finally, FNY Investment Advisers LLC boosted its stake in shares of Visa by 227.7% during the third quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after purchasing an additional 107 shares in the last quarter. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

V has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. KeyCorp upped their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Susquehanna boosted their price objective on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. BMO Capital Markets assumed coverage on Visa in a research report on Tuesday, December 5th. They set an “outperform” rating and a $280.00 price target for the company. Finally, Jefferies Financial Group raised their price objective on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research note on Tuesday, December 12th. Four analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus price target of $290.55.

Get Our Latest Stock Report on Visa

Visa Trading Down 0.6 %

NYSE V traded down $1.65 during trading on Monday, reaching $274.78. 2,324,440 shares of the stock traded hands, compared to its average volume of 5,484,055. Visa Inc. has a fifty-two week low of $208.76 and a fifty-two week high of $279.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market cap of $504.64 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.91 and a beta of 0.97. The stock’s 50-day moving average price is $264.58 and its 200 day moving average price is $249.42.

Visa (NYSE:VGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 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 the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.18 EPS. Analysts predict that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 9th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is 23.94%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $255.79, for a total transaction of $2,084,688.50. Following the sale, the chief executive officer now owns 29,152 shares in the company, valued at approximately $7,456,790.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now 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 8,150 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $255.79, for a total value of $2,084,688.50. Following the completion of the transaction, the chief executive officer now owns 29,152 shares of the company’s stock, valued at $7,456,790.08. The disclosure for this sale can be found here. In the last three months, insiders sold 97,472 shares of company stock valued at $25,695,420. 0.19% of the stock is owned by insiders.

Visa Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Visa (NYSE:V)

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