Fiduciary Alliance LLC Increases Stake in Visa Inc. (NYSE:V)

Fiduciary Alliance LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 180.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,863 shares of the credit-card processor’s stock after buying an additional 8,281 shares during the period. Fiduciary Alliance LLC’s holdings in Visa were worth $4,065,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Advisors LLC purchased a new stake in Visa in the second quarter worth approximately $218,000. Lyell Wealth Management LP boosted its holdings in Visa by 5.0% in the second quarter. Lyell Wealth Management LP now owns 45,882 shares of the credit-card processor’s stock worth $12,043,000 after purchasing an additional 2,204 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in Visa in the second quarter worth approximately $3,560,000. Hanson & Doremus Investment Management boosted its holdings in Visa by 3.3% in the second quarter. Hanson & Doremus Investment Management now owns 20,459 shares of the credit-card processor’s stock worth $5,370,000 after purchasing an additional 646 shares during the last quarter. Finally, Pinion Investment Advisors LLC boosted its holdings in Visa by 2.3% in the second quarter. Pinion Investment Advisors LLC now owns 5,674 shares of the credit-card processor’s stock worth $1,489,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Oppenheimer lifted their price target on shares of Visa from $321.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Susquehanna lifted their price target on shares of Visa from $339.00 to $375.00 and gave the stock a “positive” rating in a research note on Wednesday, December 11th. Citigroup raised their price objective on shares of Visa from $319.00 to $326.00 and gave the company a “buy” rating in a research report on Wednesday, October 30th. Morgan Stanley lifted their price target on shares of Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, Bank of America boosted their target price on shares of Visa from $279.00 to $308.00 and gave the stock a “neutral” rating in a report on Tuesday, September 17th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $330.85.

Insider Buying and Selling

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Visa Price Performance

Shares of NYSE V traded down $2.55 during mid-day trading on Monday, reaching $305.16. The company’s stock had a trading volume of 824,374 shares, compared to its average volume of 4,783,598. The stock has a 50-day moving average of $312.14 and a two-hundred day moving average of $287.04. The stock has a market capitalization of $568.47 billion, a P/E ratio of 31.36, a P/E/G ratio of 2.11 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. Visa Inc. has a 1-year low of $252.70 and a 1-year high of $321.61.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. Visa had a net margin of 54.96% and a return on equity of 53.16%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the prior year, the business earned $2.33 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts anticipate that Visa Inc. will post 11.23 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a boost from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio (DPR) is presently 24.25%.

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.