Cetera Trust Company N.A Takes Position in Visa Inc. (NYSE:V)

Cetera Trust Company N.A acquired a new position in shares of Visa Inc. (NYSE:V) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,186 shares of the credit-card processor’s stock, valued at approximately $3,173,000. Visa accounts for 2.0% of Cetera Trust Company N.A’s holdings, making the stock its 9th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Altshuler Shaham Ltd acquired a new stake in Visa during the 3rd quarter worth $25,000. O Brien Wealth Partners LLC acquired a new stake in Visa during the 4th quarter worth $32,000. Nalls Sherbakoff Group LLC raised its stake in shares of Visa by 545.5% in the 3rd quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after purchasing an additional 120 shares during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $37,000. Finally, Macroview Investment Management LLC raised its stake in shares of Visa by 1,019.2% in the 3rd quarter. Macroview Investment Management LLC now owns 291 shares of the credit-card processor’s stock valued at $67,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity

In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $729,271.20. Following the completion of the sale, the chief accounting officer now owns 4,898 shares of the company’s stock, valued at $1,365,954.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,965 shares of company stock worth $5,256,352. Corporate insiders own 0.19% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on V. Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Royal Bank of Canada raised their price objective on Visa from $290.00 to $309.00 and gave the company an “outperform” rating in a report on Friday, January 26th. UBS Group raised their price objective on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a report on Friday, January 26th. Wedbush raised their price objective on Visa from $270.00 to $280.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Finally, Wells Fargo & Company raised their price objective on Visa from $300.00 to $325.00 and gave the company an “overweight” rating in a report on Wednesday, March 6th. Five equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $298.43.

Visa Trading Up 0.9 %

Shares of V stock opened at $272.31 on Tuesday. The firm has a 50 day moving average price of $279.52 and a two-hundred day moving average price of $263.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $500.10 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.96. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96.

Visa (NYSE:V) last issued its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.34 by $0.07. The firm 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 business’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same period last year, the business posted $2.18 earnings per share. As a group, analysts predict that Visa Inc. will post 9.88 earnings per share for the current year.

Visa Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Friday, February 9th were given a $0.52 dividend. The ex-dividend date was Thursday, February 8th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.76%. Visa’s payout ratio is 23.94%.

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.