Capital Advisors Inc. OK Grows Stock Position in Visa Inc. (NYSE:V)

Capital Advisors Inc. OK increased its holdings in shares of Visa Inc. (NYSE:V) by 3.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 142,128 shares of the credit-card processor’s stock after acquiring an additional 4,219 shares during the period. Capital Advisors Inc. OK’s holdings in Visa were worth $37,003,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Hibernia Wealth Partners LLC acquired a new stake in Visa in the 3rd quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Visa in the 3rd quarter worth about $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa in the 4th quarter worth about $32,000. Financial Freedom LLC acquired a new stake in Visa in the 4th quarter worth about $32,000. Finally, Nalls Sherbakoff Group LLC boosted its holdings in Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock worth $33,000 after buying an additional 120 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Visa news, insider Rajat Taneja sold 36,546 shares of the firm’s stock in a transaction dated Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction dated 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 owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. Insiders have sold 55,511 shares of company stock valued at $15,131,081 over the last quarter. 0.19% of the stock is owned by insiders.

Analyst Ratings Changes

V has been the topic of several recent research reports. William Blair restated an “outperform” rating on shares of Visa in a report on Friday, January 26th. Royal Bank of Canada boosted their target price on Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Wedbush boosted their target price on Visa from $270.00 to $280.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Citigroup boosted their target price on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, Mizuho reaffirmed a “neutral” rating and set a $265.00 price target on shares of Visa in a research report on Wednesday, March 27th. Five investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $296.87.

Visa Stock Performance

NYSE:V opened at $271.28 on Tuesday. The company has a fifty day simple moving average of $280.04 and a two-hundred day simple moving average of $262.19. The company has a market cap of $498.21 billion, a price-to-earnings ratio of 31.22, a price-to-earnings-growth ratio of 1.91 and a beta of 0.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. Visa Inc. has a 52 week low of $216.14 and a 52 week high of $290.96.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, topping the consensus estimate of $2.34 by $0.07. The business had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.18 earnings per share. As a group, equities analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current fiscal year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

About Visa

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.