Bison Wealth LLC Raises Stock Position in Visa Inc. (NYSE:V)

Bison Wealth LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 4.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 10,737 shares of the credit-card processor’s stock after acquiring an additional 423 shares during the quarter. Bison Wealth LLC’s holdings in Visa were worth $2,796,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Hoxton Planning & Management LLC increased its holdings in shares of Visa by 4.6% in the 4th quarter. Hoxton Planning & Management LLC now owns 1,601 shares of the credit-card processor’s stock valued at $417,000 after acquiring an additional 71 shares during the period. Ballast Advisors LLC increased its holdings in shares of Visa by 2.3% in the 4th quarter. Ballast Advisors LLC now owns 7,862 shares of the credit-card processor’s stock valued at $2,047,000 after acquiring an additional 177 shares during the period. Dakota Wealth Management increased its holdings in shares of Visa by 1.0% in the 4th quarter. Dakota Wealth Management now owns 126,621 shares of the credit-card processor’s stock valued at $32,966,000 after acquiring an additional 1,233 shares during the period. Drake & Associates LLC increased its holdings in shares of Visa by 2.2% in the 4th quarter. Drake & Associates LLC now owns 2,265 shares of the credit-card processor’s stock valued at $590,000 after acquiring an additional 49 shares during the period. Finally, Cullen Investment Group LTD. acquired a new position in shares of Visa in the 4th quarter valued at $9,754,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Visa Trading Up 0.0 %

NYSE V opened at $271.34 on Wednesday. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a 50-day moving average of $279.93 and a 200-day moving average of $262.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.45 and a quick ratio of 1.45. The company has a market cap of $498.32 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.87 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 EPS for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. Visa had a net margin of 53.92% and a return on equity of 50.02%. The company had revenue of $8.63 billion during the quarter, compared to the consensus estimate of $8.55 billion. During the same quarter in the prior year, the company posted $2.18 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities analysts predict that Visa Inc. will post 9.89 earnings per share for the current 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 given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Buying and Selling

In related news, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at approximately $150,833.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Visa news, CAO Peter M. Andreski sold 2,615 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Mcinerney sold 8,200 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at approximately $150,833.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,511 shares of company stock valued at $15,131,081. 0.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on V shares. KeyCorp boosted their price objective on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday, January 8th. Royal Bank of Canada upped their price target on shares of Visa from $290.00 to $309.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price target on shares of Visa in a research note on Wednesday, March 27th. Keefe, Bruyette & Woods upped their price target on shares of Visa from $305.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, January 26th. Finally, TD Cowen began coverage on shares of Visa in a research report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.87.

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.