Golden Road Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Golden Road Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 723 shares of the credit-card processor’s stock, valued at approximately $202,000.

Several other large investors also recently modified their holdings of the stock. Diversified Trust Co raised its position in shares of Visa by 11.3% in the first quarter. Diversified Trust Co now owns 69,754 shares of the credit-card processor’s stock valued at $19,467,000 after purchasing an additional 7,106 shares during the period. Skyline Advisors Inc. increased its position in Visa by 22.4% during the first quarter. Skyline Advisors Inc. now owns 1,357 shares of the credit-card processor’s stock worth $379,000 after acquiring an additional 248 shares during the period. Aviance Capital Partners LLC increased its position in Visa by 28.1% during the first quarter. Aviance Capital Partners LLC now owns 21,474 shares of the credit-card processor’s stock worth $5,993,000 after acquiring an additional 4,715 shares during the period. Omega Financial Group LLC increased its position in Visa by 4.7% during the first quarter. Omega Financial Group LLC now owns 3,220 shares of the credit-card processor’s stock worth $899,000 after acquiring an additional 145 shares during the period. Finally, LVW Advisors LLC grew its stake in Visa by 0.5% during the first quarter. LVW Advisors LLC now owns 18,997 shares of the credit-card processor’s stock worth $5,302,000 after buying an additional 97 shares in the last quarter. 82.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Lloyd Carney sold 909 shares of the firm’s stock in a transaction dated Friday, April 26th. The stock was 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 $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the company’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 value of $250,474.95. Following the completion of the transaction, the director now directly owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total value of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of Visa stock traded up $0.27 during trading on Monday, hitting $262.74. 3,955,439 shares of the company’s stock traded hands, compared to its average volume of 6,786,635. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. Visa Inc. has a 1 year low of $227.68 and a 1 year high of $290.96. The stock has a market capitalization of $480.54 billion, a P/E ratio of 29.23, a PEG ratio of 1.80 and a beta of 0.95. The business has a 50-day simple moving average of $273.88 and a 200-day simple moving average of $273.58.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, April 23rd. The credit-card processor reported $2.51 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 company 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 posted $2.09 earnings per share. Visa’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts forecast that Visa Inc. will post 9.94 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Friday, May 17th were given a $0.52 dividend. The ex-dividend date was Thursday, May 16th. This represents a $2.08 annualized dividend and a yield of 0.79%. Visa’s payout ratio is 23.24%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on V. Wells Fargo & Company increased their price objective on shares of Visa from $300.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. Oppenheimer increased their price objective on shares of Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Mizuho raised their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research note on Thursday, May 2nd. Finally, TD Cowen started coverage on shares of Visa in a research note on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Five analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.56.

Visa Company 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.