Albion Financial Group UT Raises Holdings in Visa Inc. (NYSE:V)

Albion Financial Group UT lifted its holdings in shares of Visa Inc. (NYSE:V) by 0.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,799 shares of the credit-card processor’s stock after purchasing an additional 153 shares during the period. Visa comprises approximately 1.4% of Albion Financial Group UT’s holdings, making the stock its 19th biggest holding. Albion Financial Group UT’s holdings in Visa were worth $18,084,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Livelsberger Financial Advisory purchased a new stake in Visa in the 4th quarter worth approximately $25,000. Westend Capital Management LLC purchased a new stake in Visa in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new stake in Visa in the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new stake in Visa in the 4th quarter worth approximately $37,000. 82.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Visa

In related news, Director Lloyd Carney sold 909 shares of the business’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total transaction of $250,474.95. Following the completion of the sale, the director now owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $275.55, for a total value of $250,474.95. Following the completion of the transaction, the director now owns 2,591 shares in the company, valued at approximately $713,950.05. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the company’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. Insiders own 0.19% of the company’s stock.

Visa Stock Up 0.3 %

Shares of V traded up $0.76 during midday trading on Wednesday, hitting $268.99. The company had a trading volume of 5,017,710 shares, compared to its average volume of 6,819,253. The company’s 50 day moving average price is $273.58 and its 200 day moving average price is $273.69. The stock has a market cap of $491.97 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 1.80 and a beta of 0.95. Visa Inc. has a 52 week low of $227.68 and a 52 week high of $290.96. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last released its earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.43 by $0.08. The company had revenue of $8.78 billion during the quarter, compared to the consensus estimate of $8.62 billion. Visa had a net margin of 53.87% and a return on equity of 51.23%. The company’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, equities research analysts predict that Visa Inc. will post 9.94 EPS for the current year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is presently 23.24%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. TD Cowen assumed coverage on shares of Visa in a report on Thursday, April 11th. They issued a “buy” rating and a $320.00 price target on the stock. Citigroup lifted their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Redburn Atlantic reiterated a “neutral” rating and issued a $307.00 price target on shares of Visa in a report on Wednesday, March 27th. Royal Bank of Canada lifted their price target on shares of Visa from $309.00 to $315.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Finally, William Blair reiterated an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Five analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Visa currently has an average rating of “Moderate Buy” and an average price target of $303.56.

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.