702 Shares in Visa Inc. (NYSE:V) Purchased by Lauterbach Financial Advisors LLC

Lauterbach Financial Advisors LLC purchased a new position in shares of Visa Inc. (NYSE:V) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 702 shares of the credit-card processor’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Main Street Research LLC raised its stake in shares of Visa by 2.6% during the 4th quarter. Main Street Research LLC now owns 168,028 shares of the credit-card processor’s stock valued at $53,104,000 after buying an additional 4,262 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Visa by 6.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,124,986 shares of the credit-card processor’s stock worth $355,541,000 after acquiring an additional 63,504 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC raised its position in Visa by 2.1% during the fourth quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 7,834 shares of the credit-card processor’s stock valued at $2,476,000 after acquiring an additional 163 shares in the last quarter. Taika Capital LP acquired a new position in Visa in the fourth quarter valued at approximately $387,000. Finally, Bell Investment Advisors Inc boosted its position in Visa by 9.0% in the 4th quarter. Bell Investment Advisors Inc now owns 1,156 shares of the credit-card processor’s stock worth $365,000 after purchasing an additional 95 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Trading Up 0.5 %

Shares of V stock opened at $345.79 on Monday. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. The stock has a market cap of $642.41 billion, a price-to-earnings ratio of 34.86, a PEG ratio of 2.33 and a beta of 0.95. The company’s 50-day moving average price is $336.18 and its 200-day moving average price is $308.92. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. As a group, equities analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. Visa’s dividend payout ratio is currently 23.79%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on V. UBS Group boosted their target price on shares of Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Wells Fargo & Company upped their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a research report on Thursday, February 13th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, Raymond James reiterated an “outperform” rating and set a $393.00 price target (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Insider Activity

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Insiders have sold a total of 64,505 shares of company stock valued at $22,290,507 in the last quarter. Insiders own 0.13% of the company’s stock.

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.