Allegiance Financial Group Advisory Services LLC Increases Holdings in Visa Inc. (NYSE:V)

Allegiance Financial Group Advisory Services LLC increased its stake in Visa Inc. (NYSE:V) by 5.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,116 shares of the credit-card processor’s stock after purchasing an additional 153 shares during the quarter. Allegiance Financial Group Advisory Services LLC’s holdings in Visa were worth $985,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Convergence Financial LLC boosted its stake in Visa by 2.5% during the fourth quarter. Convergence Financial LLC now owns 3,908 shares of the credit-card processor’s stock valued at $1,235,000 after buying an additional 97 shares during the period. Nwam LLC boosted its stake in Visa by 3.9% during the fourth quarter. Nwam LLC now owns 11,178 shares of the credit-card processor’s stock valued at $3,533,000 after buying an additional 416 shares during the period. Stegent Equity Advisors Inc. boosted its stake in Visa by 18.3% during the fourth quarter. Stegent Equity Advisors Inc. now owns 1,317 shares of the credit-card processor’s stock valued at $416,000 after buying an additional 204 shares during the period. GenTrust LLC boosted its stake in Visa by 10.4% during the fourth quarter. GenTrust LLC now owns 3,096 shares of the credit-card processor’s stock valued at $978,000 after buying an additional 292 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in Visa by 8.4% during the fourth quarter. Cable Hill Partners LLC now owns 3,492 shares of the credit-card processor’s stock valued at $1,103,000 after buying an additional 272 shares during the period. 82.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now owns 4,488 shares of the company’s stock, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now directly owns 36,566 shares of the company’s stock, valued at $12,789,689.82. This represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock valued at $19,161,447 in the last 90 days. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on V shares. William Blair reissued an “outperform” rating on shares of Visa in a research note on Friday, January 31st. JPMorgan Chase & Co. lifted their price objective on Visa from $340.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. Barclays lifted their price objective on Visa from $361.00 to $396.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Citigroup reiterated a “neutral” rating on shares of Visa in a report on Thursday, February 13th. Finally, Wells Fargo & Company upped their price objective on Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Six research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $353.96.

Visa Trading Up 2.1 %

V opened at $363.33 on Friday. The business has a 50 day simple moving average of $333.03 and a two-hundred day simple moving average of $305.34. The firm has a market capitalization of $674.99 billion, a price-to-earnings ratio of 36.63, a PEG ratio of 2.33 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $364.00.

Visa (NYSE:V) last released its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating 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%. Analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The firm 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 dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s payout ratio is 23.79%.

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.