AM Investment Strategies LLC Boosts Stock Position in Visa Inc. (NYSE:V)

AM Investment Strategies LLC raised its position in shares of Visa Inc. (NYSE:V) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,112 shares of the credit-card processor’s stock after purchasing an additional 178 shares during the quarter. AM Investment Strategies LLC’s holdings in Visa were worth $1,070,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Investment Advisory Services Inc. TX ADV boosted its stake in shares of Visa by 2.0% in the third quarter. Investment Advisory Services Inc. TX ADV now owns 3,930 shares of the credit-card processor’s stock worth $904,000 after buying an additional 78 shares during the last quarter. Nadler Financial Group Inc. boosted its stake in shares of Visa by 2.4% in the fourth quarter. Nadler Financial Group Inc. now owns 1,900 shares of the credit-card processor’s stock worth $495,000 after buying an additional 44 shares during the last quarter. Towerpoint Wealth LLC purchased a new stake in shares of Visa in the fourth quarter worth about $216,000. Andrew Hill Investment Advisors Inc. purchased a new stake in shares of Visa in the fourth quarter worth about $3,427,000. Finally, Wayfinding Financial LLC boosted its stake in shares of Visa by 10.1% in the third quarter. Wayfinding Financial LLC now owns 1,757 shares of the credit-card processor’s stock worth $406,000 after buying an additional 161 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’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 transaction, the chief accounting officer now directly owns 4,898 shares in the company, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 18,965 shares of company stock worth $5,256,352 over the last ninety days. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on V. Mizuho reaffirmed a “neutral” rating and issued a $265.00 price target on shares of Visa in a report on Wednesday, March 27th. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target for the company. KeyCorp upped their price target on Visa from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, January 8th. Raymond James upped their price target on Visa from $287.00 to $311.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Barclays increased their target price on Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $302.58.

Visa Trading Down 0.2 %

Shares of V traded down $0.58 during midday trading on Friday, hitting $274.58. 6,840,359 shares of the stock were exchanged, compared to its average volume of 5,951,953. The firm has a market cap of $504.27 billion, a P/E ratio of 30.68, a P/E/G ratio of 1.90 and a beta of 0.96. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.45 and a current ratio of 1.40. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The stock has a fifty day simple moving average of $279.24 and a 200 day simple moving average of $264.33.

Visa (NYSE:V) last announced its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the firm earned $2.09 earnings per share. The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, research analysts anticipate that Visa Inc. will post 9.89 EPS for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

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.