ARS Wealth Advisors Group LLC Purchases 122 Shares of Visa Inc. (NYSE:V)

ARS Wealth Advisors Group LLC raised its position in Visa Inc. (NYSE:V) by 5.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 2,251 shares of the credit-card processor’s stock after acquiring an additional 122 shares during the period. ARS Wealth Advisors Group LLC’s holdings in Visa were worth $711,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Edgestream Partners L.P. increased its position in shares of Visa by 27.0% in the second quarter. Edgestream Partners L.P. now owns 9,860 shares of the credit-card processor’s stock valued at $2,588,000 after acquiring an additional 2,096 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Visa by 0.5% during the 2nd quarter. Mutual of America Capital Management LLC now owns 217,597 shares of the credit-card processor’s stock worth $57,113,000 after purchasing an additional 1,078 shares during the last quarter. Charles Lim Capital Ltd raised its stake in shares of Visa by 225.0% during the 2nd quarter. Charles Lim Capital Ltd now owns 325,000 shares of the credit-card processor’s stock worth $85,303,000 after purchasing an additional 225,000 shares in the last quarter. Meridian Wealth Partners LLC boosted its holdings in shares of Visa by 8.1% in the 2nd quarter. Meridian Wealth Partners LLC now owns 1,593 shares of the credit-card processor’s stock valued at $418,000 after buying an additional 119 shares during the last quarter. Finally, Lingotto Investment Management LLP grew its stake in shares of Visa by 11.2% in the second quarter. Lingotto Investment Management LLP now owns 32,348 shares of the credit-card processor’s stock valued at $8,490,000 after buying an additional 3,253 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on V shares. Jefferies Financial Group increased their price target on shares of Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday. Royal Bank of Canada upped their price objective on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company boosted their target price on Visa from $325.00 to $360.00 and gave the stock an “overweight” rating in a report on Friday, January 3rd. Finally, Citigroup lifted their price objective on shares of Visa from $326.00 to $354.00 and gave the stock a “buy” rating in a research report on Tuesday. Four investment analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $331.92.

Visa Price Performance

Shares of V stock opened at $316.45 on Thursday. The business has a fifty day simple moving average of $312.76 and a 200 day simple moving average of $287.65. The company has a market cap of $589.51 billion, a P/E ratio of 32.52, a P/E/G ratio of 2.06 and a beta of 0.96. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $321.61.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating analysts’ consensus estimates of $2.58 by $0.13. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the company posted $2.33 EPS. On average, sell-side analysts forecast that Visa Inc. will post 11.22 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were issued a dividend of $0.59 per share. The ex-dividend date was Tuesday, November 12th. This is an increase from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a dividend yield of 0.75%. Visa’s dividend payout ratio is 24.25%.

Insider Activity

In related news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% 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.