LexAurum Advisors LLC Buys 431 Shares of Visa Inc. (NYSE:V)

LexAurum Advisors LLC raised its stake in Visa Inc. (NYSE:V) by 21.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,483 shares of the credit-card processor’s stock after acquiring an additional 431 shares during the quarter. LexAurum Advisors LLC’s holdings in Visa were worth $785,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of V. SkyView Investment Advisors LLC boosted its stake in Visa by 10.3% in the 2nd quarter. SkyView Investment Advisors LLC now owns 20,839 shares of the credit-card processor’s stock valued at $5,470,000 after purchasing an additional 1,954 shares during the period. Annandale Capital LLC boosted its stake in Visa by 48.6% in the 2nd quarter. Annandale Capital LLC now owns 4,584 shares of the credit-card processor’s stock valued at $1,203,000 after purchasing an additional 1,500 shares during the period. Full Sail Capital LLC boosted its stake in Visa by 1.3% in the 2nd quarter. Full Sail Capital LLC now owns 15,041 shares of the credit-card processor’s stock valued at $3,948,000 after purchasing an additional 187 shares during the period. Aviso Wealth Management boosted its stake in Visa by 1.9% in the 2nd quarter. Aviso Wealth Management now owns 5,121 shares of the credit-card processor’s stock valued at $1,344,000 after purchasing an additional 94 shares during the period. Finally, Buck Wealth Strategies LLC bought a new stake in Visa in the 2nd quarter valued at $6,812,000. 82.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Visa

In related news, insider Paul D. Fabara sold 2,171 shares of the company’s 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 owns 17,894 shares in the company, valued at $5,510,815.18. This represents a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 value of $2,739,263.60. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Visa Price Performance

Shares of V opened at $330.20 on Monday. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $331.09. The business has a 50-day simple moving average of $314.95 and a two-hundred day simple moving average of $290.59. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market cap of $615.11 billion, a PE ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96.

Visa (NYSE:V) last issued its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the firm earned $2.33 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. Analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current fiscal year.

Visa Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a positive change from Visa’s previous quarterly dividend of $0.52. Visa’s payout ratio is 24.25%.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company boosted their price target on Visa from $325.00 to $360.00 and gave the company an “overweight” rating in a research note on Friday, January 3rd. Barclays lifted their price objective on Visa from $319.00 to $347.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Bank of America lifted their price objective on Visa from $314.00 to $331.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Morgan Stanley lifted their price objective on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Finally, TD Cowen lifted their price objective on Visa from $318.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and an average target price of $335.52.

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.