Coastal Bridge Advisors LLC Has $1.20 Million Position in Visa Inc. (NYSE:V)

Coastal Bridge Advisors LLC lessened its stake in Visa Inc. (NYSE:V) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,783 shares of the credit-card processor’s stock after selling 35 shares during the quarter. Coastal Bridge Advisors LLC’s holdings in Visa were worth $1,195,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of V. Hirtle Callaghan & Co LLC boosted its holdings in shares of Visa by 1.3% during the 4th quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor’s stock valued at $724,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC raised its position in Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor’s stock worth $297,000 after purchasing an additional 30 shares during the period. Warther Private Wealth LLC boosted its position in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor’s stock valued at $928,000 after buying an additional 30 shares during the period. Valmark Advisers Inc. raised its holdings in shares of Visa by 0.4% in the fourth quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor’s stock worth $2,292,000 after buying an additional 30 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its holdings in Visa by 0.4% during the 4th quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor’s stock valued at $2,302,000 after acquiring an additional 30 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on V shares. Evercore ISI began coverage on shares of Visa in a report on Wednesday, April 9th. They issued an “in-line” rating and a $330.00 price target on the stock. UBS Group decreased their target price on Visa from $400.00 to $395.00 and set a “buy” rating for the company in a research report on Wednesday, April 30th. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Wells Fargo & Company increased their target price on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Finally, Susquehanna reissued a “positive” rating on shares of Visa in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $362.38.

Visa Trading Up 0.6 %

NYSE:V opened at $349.83 on Thursday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The firm has a market capitalization of $649.91 billion, a P/E ratio of 35.27, a P/E/G ratio of 2.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $337.15 and a 200 day simple moving average of $325.80.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 29th. The credit-card processor reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.68 by $0.08. The company had revenue of $9.59 billion during the quarter, compared to analyst estimates of $9.57 billion. Visa had a net margin of 54.27% and a return on equity of 54.79%. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.51 EPS. Equities research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 2nd. Stockholders of record on Tuesday, May 13th will be issued a dividend of $0.59 per share. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.67%. Visa’s dividend payout ratio is currently 23.72%.

Insider Activity at Visa

In other Visa news, General Counsel Julie B. Rottenberg sold 2,575 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $345.58, for a total transaction of $889,868.50. Following the transaction, the general counsel now owns 11,925 shares in the company, valued at $4,121,041.50. This trade represents a 17.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of Visa stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 143,208 shares of company stock worth $48,905,978. 0.13% of the stock is 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.