Visa Inc. (NYSE:V) Shares Bought by Allen Capital Group LLC

Allen Capital Group LLC lifted its holdings in Visa Inc. (NYSE:V) by 3.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,531 shares of the credit-card processor’s stock after acquiring an additional 394 shares during the quarter. Allen Capital Group LLC’s holdings in Visa were worth $3,960,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Peterson Financial Group Inc. purchased a new position in Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new position in shares of Visa in the fourth quarter worth approximately $26,000. Reston Wealth Management LLC acquired a new stake in shares of Visa during the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new stake in shares of Visa in the 4th quarter valued at approximately $32,000. Finally, West Financial Advisors LLC boosted its stake in Visa by 101.4% in the 3rd quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor’s stock worth $40,000 after purchasing an additional 73 shares during the period. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Visa news, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the sale, the insider now directly owns 17,894 shares in the company, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total transaction of $2,739,263.60. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

V has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on Visa from $300.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Barclays raised their price objective on Visa from $319.00 to $347.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Susquehanna upped their target price on Visa from $375.00 to $395.00 and gave the company a “positive” rating in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets increased their target price on shares of Visa from $310.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Four investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $352.27.

Visa Stock Down 0.3 %

V stock opened at $342.05 on Friday. The stock has a market capitalization of $637.19 billion, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. The company has a 50-day moving average of $317.09 and a two-hundred day moving average of $292.45. Visa Inc. has a 52-week low of $252.70 and a 52-week high of $351.25. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28.

Visa (NYSE:V) last announced 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 return on equity of 53.16% and a net margin of 54.96%. As a group, equities research analysts anticipate that Visa Inc. will post 11.18 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.69%. Visa’s payout ratio is 24.25%.

About Visa

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.