IFG Advisory LLC Grows Stock Holdings in Visa Inc. (NYSE:V)

IFG Advisory LLC grew its holdings in Visa Inc. (NYSE:V) by 3.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,404 shares of the credit-card processor’s stock after acquiring an additional 145 shares during the period. IFG Advisory LLC’s holdings in Visa were worth $1,147,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. RNC Capital Management LLC boosted its stake in shares of Visa by 1.7% in the fourth quarter. RNC Capital Management LLC now owns 31,419 shares of the credit-card processor’s stock valued at $8,180,000 after purchasing an additional 522 shares during the period. Columbia Trust Co 01012016 boosted its position in Visa by 14.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 8,991 shares of the credit-card processor’s stock valued at $2,341,000 after buying an additional 1,128 shares during the last quarter. San Luis Wealth Advisors LLC grew its stake in shares of Visa by 17.6% during the fourth quarter. San Luis Wealth Advisors LLC now owns 16,159 shares of the credit-card processor’s stock valued at $4,207,000 after acquiring an additional 2,422 shares in the last quarter. PFG Investments LLC lifted its stake in shares of Visa by 7.5% in the fourth quarter. PFG Investments LLC now owns 12,362 shares of the credit-card processor’s stock worth $3,218,000 after acquiring an additional 867 shares in the last quarter. Finally, Trust Co of the South purchased a new position in Visa in the fourth quarter valued at about $1,186,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Visa Stock Performance

V opened at $279.02 on Thursday. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $278.86 and its 200-day moving average is $258.51. The stock has a market cap of $512.42 billion, a PE ratio of 32.11, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Visa Inc. has a twelve month low of $216.14 and a twelve month high of $290.96.

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

Visa Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were paid a dividend of $0.52 per share. The ex-dividend date was Thursday, February 8th. This represents a $2.08 annualized dividend and a yield of 0.75%. Visa’s payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Royal Bank of Canada raised their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. Barclays upped their target price on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Citigroup lifted their price target on Visa from $296.00 to $306.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. KeyCorp upped their price objective on Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company boosted their price target 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 eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, Visa currently has an average rating of “Moderate Buy” and a consensus target price of $295.82.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Peter M. Andreski sold 2,615 shares of the firm’s 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 directly owns 4,898 shares in the company, valued at $1,365,954.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,311 shares of company stock worth $12,832,129. 0.19% of the stock is owned by corporate insiders.

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.