Golden Road Advisors LLC Acquires Shares of 675 Visa Inc. (NYSE:V)

Golden Road Advisors LLC bought a new position in Visa Inc. (NYSE:V) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 675 shares of the credit-card processor’s stock, valued at approximately $213,000.

Other large investors have also made changes to their positions in the company. Peterson Financial Group Inc. purchased a new position in Visa during the 3rd quarter worth approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the fourth quarter worth $26,000. Reston Wealth Management LLC purchased a new position in shares of Visa during the third quarter valued at $31,000. Modus Advisors LLC acquired a new position in Visa during the fourth quarter valued at $32,000. Finally, Sugar Maple Asset Management LLC purchased a new stake in Visa in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Transactions at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the sale, the insider now directly owns 17,894 shares of the company’s stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total value of $874,480.00. Following the completion of the transaction, the general counsel now directly owns 11,925 shares of the company’s stock, valued at approximately $4,054,500. This trade represents a 17.74 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,056 shares of company stock worth $19,830,050. 0.13% of the stock is currently owned by company insiders.

Visa Price Performance

NYSE V opened at $351.43 on Thursday. The stock has a 50-day simple moving average of $322.53 and a 200 day simple moving average of $297.52. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $352.12. The stock has a market capitalization of $652.88 billion, a PE ratio of 35.43, a P/E/G ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12.

Visa (NYSE:V) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Research analysts anticipate that Visa Inc. will post 11.27 EPS for the current year.

Visa Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be given a $0.59 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.67%. Visa’s dividend payout ratio is 23.79%.

Analysts Set New Price Targets

Several equities analysts have weighed in on V shares. UBS Group lifted their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of Visa in a research note on Friday, January 31st. Susquehanna increased their target price on shares of Visa from $375.00 to $395.00 and gave the stock a “positive” rating in a research report on Friday, January 31st. BMO Capital Markets boosted their price target on shares of Visa from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their price objective on Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $354.73.

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.