KFA Private Wealth Group LLC Has $482,000 Position in Visa Inc. (NYSE:V)

KFA Private Wealth Group LLC grew its holdings in Visa Inc. (NYSE:V) by 35.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,852 shares of the credit-card processor’s stock after purchasing an additional 480 shares during the quarter. KFA Private Wealth Group LLC’s holdings in Visa were worth $482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Visa by 4.7% during the third quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. Northern Trust Corp raised its stake in Visa by 4.7% during the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock worth $3,927,122,000 after buying an additional 763,505 shares during the period. Ameriprise Financial Inc. boosted its holdings in Visa by 2.7% in the third quarter. Ameriprise Financial Inc. now owns 14,229,004 shares of the credit-card processor’s stock worth $3,272,846,000 after acquiring an additional 374,489 shares in the last quarter. Jennison Associates LLC grew its stake in Visa by 0.7% in the fourth quarter. Jennison Associates LLC now owns 11,824,113 shares of the credit-card processor’s stock valued at $3,078,408,000 after acquiring an additional 85,123 shares during the period. Finally, Brown Advisory Inc. increased its holdings in shares of Visa by 1.5% during the third quarter. Brown Advisory Inc. now owns 7,542,434 shares of the credit-card processor’s stock valued at $1,734,835,000 after acquiring an additional 108,280 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Peter M. Andreski sold 2,615 shares of the business’s 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 sale, 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 19,874 shares of company stock worth $5,506,827 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

Visa Price Performance

NYSE:V traded down $0.58 during trading hours on Friday, hitting $274.58. The stock had a trading volume of 6,840,359 shares, compared to its average volume of 5,951,953. The company has a 50 day simple moving average of $279.24 and a two-hundred day simple moving average of $264.33. The firm has a market capitalization of $504.27 billion, a price-to-earnings 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 current ratio of 1.40 and a quick ratio of 1.45. Visa Inc. has a one year low of $216.14 and a one year high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. The firm had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a return on equity of 51.23% and a net margin of 53.87%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. Research analysts forecast that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors 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 of this dividend is Thursday, May 16th. Visa’s payout ratio is 23.24%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wedbush boosted their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a research report on Wednesday. Redburn Atlantic reissued a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Susquehanna raised their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a report on Friday, January 26th. Robert W. Baird lifted their target price on Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Finally, Oppenheimer increased their price target on Visa from $297.00 to $299.00 and gave the company an “outperform” rating in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

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.