Channing Global Advisors LLC Increases Stock Holdings in Visa Inc. (NYSE:V)

Channing Global Advisors LLC grew its stake in shares of Visa Inc. (NYSE:V) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,364 shares of the credit-card processor’s stock after buying an additional 165 shares during the period. Visa comprises 2.5% of Channing Global Advisors LLC’s holdings, making the stock its 11th biggest position. Channing Global Advisors LLC’s holdings in Visa were worth $3,219,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Altshuler Shaham Ltd bought a new stake in Visa during the 3rd quarter valued at approximately $25,000. O Brien Wealth Partners LLC bought a new stake in Visa during the 4th quarter valued at approximately $32,000. Nalls Sherbakoff Group LLC raised its stake in Visa by 545.5% during the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Valued Wealth Advisors LLC bought a new stake in Visa during the 4th quarter valued at approximately $37,000. Finally, Macroview Investment Management LLC raised its stake in Visa by 1,019.2% during the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the period. 82.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on V shares. Barclays lifted their price objective on Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. William Blair reissued an “outperform” rating on shares of Visa in a research report on Wednesday. Citigroup boosted their target price on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday. Wedbush boosted their target price on Visa from $280.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Royal Bank of Canada boosted their target price on Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Visa currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.58.

Visa Stock Performance

Shares of V stock traded up $0.40 during mid-day trading on Thursday, reaching $275.42. The stock had a trading volume of 3,980,400 shares, compared to its average volume of 5,884,953. The business’s fifty day moving average is $279.44 and its 200-day moving average is $263.97. 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 cap of $505.81 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.89 and a beta of 0.96. Visa Inc. has a 1-year low of $216.14 and a 1-year high of $290.96.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share 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 analyst estimates of $8.62 billion. Visa had a return on equity of 51.72% and a net margin of 53.87%. The company’s revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 earnings per share. On average, research analysts forecast that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Friday, May 17th will be issued 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 is presently 23.24%.

Insider Activity

In other news, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was 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 in the company, valued at $1,365,954.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Ryan Mcinerney sold 8,200 shares of the company’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 sale, the chief executive officer now owns 538 shares in the company, valued at $150,833.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,965 shares of company stock valued at $5,256,352. Company insiders own 0.19% of the company’s stock.

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.