Allen Capital Group LLC Has $2.66 Million Stake in Visa Inc. (NYSE:V)

Allen Capital Group LLC increased its position in shares of Visa Inc. (NYSE:V) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,223 shares of the credit-card processor’s stock after buying an additional 675 shares during the period. Allen Capital Group LLC’s holdings in Visa were worth $2,662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. GoalVest Advisory LLC increased its position in shares of Visa by 3.4% during the 4th quarter. GoalVest Advisory LLC now owns 1,217 shares of the credit-card processor’s stock valued at $317,000 after purchasing an additional 40 shares during the last quarter. Destiny Wealth Partners LLC lifted its holdings in shares of Visa by 2.5% in the fourth quarter. Destiny Wealth Partners LLC now owns 1,668 shares of the credit-card processor’s stock worth $433,000 after buying an additional 40 shares in the last quarter. Sunflower Bank N.A. lifted its holdings in shares of Visa by 1.3% in the fourth quarter. Sunflower Bank N.A. now owns 3,143 shares of the credit-card processor’s stock worth $818,000 after buying an additional 41 shares in the last quarter. HWG Holdings LP lifted its holdings in shares of Visa by 18.4% in the second quarter. HWG Holdings LP now owns 270 shares of the credit-card processor’s stock worth $64,000 after buying an additional 42 shares in the last quarter. Finally, Parker Financial LLC lifted its holdings in shares of Visa by 4.8% in the fourth quarter. Parker Financial LLC now owns 925 shares of the credit-card processor’s stock worth $241,000 after buying an additional 42 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. 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 increased their price target on shares of Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Wells Fargo & Company increased their price target on shares of Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. Redburn Atlantic reiterated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Finally, Robert W. Baird increased their price objective on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $298.43.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Visa news, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction dated Friday, January 19th. The stock was 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 in the company, valued at approximately $62,716,662.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by company insiders.

Visa Stock Performance

Shares of Visa stock opened at $272.69 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $500.80 billion, a P/E ratio of 31.38, a P/E/G ratio of 1.87 and a beta of 0.96. The business has a fifty day simple moving average of $279.80 and a two-hundred day simple moving average of $262.56. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to analyst estimates of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.18 earnings per share. On average, equities analysts forecast that Visa Inc. will post 9.88 earnings per share for the current fiscal year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Thursday, February 8th. Visa’s dividend payout ratio is currently 23.94%.

Visa Profile

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.