PFG Investments LLC Acquires 867 Shares of Visa Inc. (NYSE:V)

PFG Investments LLC grew its position in shares of Visa Inc. (NYSE:V) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,362 shares of the credit-card processor’s stock after buying an additional 867 shares during the quarter. Visa accounts for approximately 0.6% of PFG Investments LLC’s investment portfolio, making the stock its 29th biggest holding. PFG Investments LLC’s holdings in Visa were worth $3,218,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. BCK Partners Inc. purchased a new stake in shares of Visa during the 1st quarter worth approximately $2,717,000. Markel Corp increased its stake in shares of Visa by 0.3% during the 1st quarter. Markel Corp now owns 961,105 shares of the credit-card processor’s stock worth $213,144,000 after purchasing an additional 3,065 shares during the last quarter. AMI Investment Management Inc. purchased a new stake in shares of Visa during the 1st quarter worth approximately $2,323,000. Ergoteles LLC purchased a new stake in shares of Visa during the 1st quarter worth approximately $538,000. Finally, XTX Topco Ltd purchased a new stake in shares of Visa during the 1st quarter worth approximately $1,496,000. Institutional investors own 82.15% of the company’s stock.

Insider Transactions at Visa

In other news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,311 shares of company stock valued at $12,832,129. Insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

V has been the subject of several research analyst reports. Royal Bank of Canada raised their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Monness Crespi & Hardt started coverage on shares of Visa in a research note on Wednesday, December 20th. They issued a “neutral” rating for the company. Evercore ISI lifted their price objective on shares of Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group lifted their price objective on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $295.29.

Visa Price Performance

Shares of NYSE V traded up $0.05 during mid-day trading on Tuesday, reaching $281.26. 8,748,794 shares of the company were exchanged, compared to its average volume of 5,655,137. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96. 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 stock has a market capitalization of $516.54 billion, a PE ratio of 32.37, a PEG ratio of 1.95 and a beta of 0.96. The company’s 50 day moving average price is $278.54 and its 200 day moving average price is $258.27.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same period in the previous year, the firm posted $2.18 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts forecast that Visa Inc. will post 9.9 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

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.