TCI Wealth Advisors Inc. Grows Holdings in Visa Inc. (NYSE:V)

TCI Wealth Advisors Inc. grew its stake in shares of Visa Inc. (NYSE:V) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,107 shares of the credit-card processor’s stock after purchasing an additional 40 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Visa were worth $1,330,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Trifecta Capital Advisors LLC lifted its holdings in shares of Visa by 2.7% during the third 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 during the period. Ledge Wealth Management Inc. boosted its holdings in shares of Visa by 81.2% in the 3rd quarter. Ledge Wealth Management Inc. now owns 10,697 shares of the credit-card processor’s stock valued at $2,460,000 after acquiring an additional 4,793 shares during the last quarter. Sigma Investment Counselors Inc. increased its stake in shares of Visa by 18.9% in the third quarter. Sigma Investment Counselors Inc. now owns 1,606 shares of the credit-card processor’s stock worth $369,000 after acquiring an additional 255 shares during the period. Mission Wealth Management LP raised its holdings in shares of Visa by 3.1% during the third quarter. Mission Wealth Management LP now owns 21,620 shares of the credit-card processor’s stock worth $4,973,000 after purchasing an additional 654 shares during the last quarter. Finally, Maryland State Retirement & Pension System raised its holdings in shares of Visa by 0.7% during the third quarter. Maryland State Retirement & Pension System now owns 124,737 shares of the credit-card processor’s stock worth $28,691,000 after purchasing an additional 818 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.

Visa Price Performance

V traded up $0.88 on Friday, hitting $268.49. 3,862,018 shares of the company’s stock were exchanged, compared to its average volume of 6,930,902. The firm has a 50-day moving average price of $278.17 and a 200-day moving average price of $265.79. The stock has a market cap of $493.08 billion, a price-to-earnings ratio of 30.00, a P/E/G ratio of 1.84 and a beta of 0.95. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53. Visa Inc. has a fifty-two week low of $216.14 and a fifty-two week 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 (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company had revenue of $8.78 billion during the quarter, compared to analysts’ expectations of $8.62 billion. During the same quarter in the prior year, the company earned $2.09 EPS. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts anticipate that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

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 dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio (DPR) is presently 23.24%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on V. Citigroup lifted their price objective on Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Macquarie lifted their price target on Visa from $290.00 to $300.00 and gave the company an “outperform” rating in a research report on Wednesday, April 24th. Robert W. Baird upped their price objective on Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Susquehanna boosted their target price on shares of Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Finally, KeyCorp raised their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research report on Monday, January 8th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $303.00.

Insider Transactions at Visa

In other news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction of $250,474.95. Following the sale, the director now owns 2,591 shares of the company’s stock, valued at $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of Visa stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the completion of the transaction, the chief accounting officer now owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction that occurred on Friday, April 26th. The stock was sold at an average price of $275.55, for a total transaction 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. Over the last quarter, insiders have sold 11,724 shares of company stock valued at $3,278,698. 0.19% of the stock is currently owned by corporate 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.