Visa Inc. (NYSE:V) Shares Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC raised its position in Visa Inc. (NYSE:V) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 14,279 shares of the credit-card processor’s stock after acquiring an additional 317 shares during the quarter. Magnus Financial Group LLC’s holdings in Visa were worth $3,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in V. Trifecta Capital Advisors LLC increased its position in Visa by 2.7% during the 3rd quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares in the last quarter. RDA Financial Network lifted its stake in shares of Visa by 3.8% during the third quarter. RDA Financial Network now owns 13,716 shares of the credit-card processor’s stock valued at $3,155,000 after buying an additional 508 shares during the period. Builder Investment Group Inc. ADV boosted its position in Visa by 0.7% during the third quarter. Builder Investment Group Inc. ADV now owns 28,753 shares of the credit-card processor’s stock worth $6,613,000 after acquiring an additional 207 shares during the last quarter. Culbertson A N & Co. Inc. grew its stake in Visa by 0.4% in the 3rd quarter. Culbertson A N & Co. Inc. now owns 21,627 shares of the credit-card processor’s stock worth $4,974,000 after acquiring an additional 93 shares during the period. Finally, Spectrum Asset Management Inc. NB CA raised its holdings in Visa by 172.4% in the 3rd quarter. Spectrum Asset Management Inc. NB CA now owns 4,999 shares of the credit-card processor’s stock valued at $1,150,000 after acquiring an additional 3,164 shares during the last quarter. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Visa Stock Down 0.2 %

Shares of Visa stock traded down $0.64 on Friday, hitting $274.52. 6,840,615 shares of the company’s stock traded hands, compared to its average volume of 6,528,673. The stock has a market cap of $504.16 billion, a P/E ratio of 30.67, a PEG ratio of 1.89 and a beta of 0.96. The firm’s 50-day moving average is $279.24 and its 200 day moving average is $264.52. The company has a quick ratio of 1.45, a current ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96.

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

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 3rd. Shareholders of record on Friday, May 17th will be issued a dividend of $0.52 per share. 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%.

Wall Street Analyst Weigh In

V has been the subject of a number of recent analyst reports. Raymond James lifted their price objective on Visa from $287.00 to $311.00 and gave the company an “outperform” rating in a research report on Friday, January 26th. Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. William Blair restated an “outperform” rating on shares of Visa in a report on Wednesday. Oppenheimer increased their price target on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada upped their price objective on Visa from $309.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $302.58.

Insider Activity

In other Visa news, Director Lloyd Carney sold 909 shares of the stock in a transaction on Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now directly owns 2,591 shares of the company’s stock, valued at $713,950.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares in the company, valued at approximately $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is currently owned by insiders.

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.