Royal Fund Management LLC Raises Stock Position in Visa Inc. (NYSE:V)

Royal Fund Management LLC grew its holdings in Visa Inc. (NYSE:V) by 65.5% in the 4th quarter, HoldingsChannel reports. The firm owned 1,956 shares of the credit-card processor’s stock after purchasing an additional 774 shares during the quarter. Royal Fund Management LLC’s holdings in Visa were worth $618,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Sfmg LLC boosted its stake in shares of Visa by 0.6% in the 2nd quarter. Sfmg LLC now owns 21,642 shares of the credit-card processor’s stock valued at $5,680,000 after buying an additional 122 shares during the period. Insigneo Advisory Services LLC raised its holdings in Visa by 8.5% in the second quarter. Insigneo Advisory Services LLC now owns 24,253 shares of the credit-card processor’s stock valued at $6,219,000 after acquiring an additional 1,899 shares in the last quarter. Point72 Hong Kong Ltd lifted its stake in Visa by 64.1% in the second quarter. Point72 Hong Kong Ltd now owns 67,327 shares of the credit-card processor’s stock worth $17,671,000 after acquiring an additional 26,295 shares during the last quarter. Kingfisher Capital LLC grew its holdings in Visa by 0.7% during the 2nd quarter. Kingfisher Capital LLC now owns 14,913 shares of the credit-card processor’s stock worth $3,914,000 after acquiring an additional 99 shares in the last quarter. Finally, Unisphere Establishment increased its position in shares of Visa by 4.1% in the 2nd quarter. Unisphere Establishment now owns 1,520,000 shares of the credit-card processor’s stock valued at $398,954,000 after purchasing an additional 60,000 shares during the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Stock Performance

Shares of V stock opened at $323.55 on Thursday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a 50 day simple moving average of $313.86 and a 200-day simple moving average of $289.47. The company has a market cap of $602.73 billion, a price-to-earnings ratio of 33.25, a price-to-earnings-growth ratio of 2.15 and a beta of 0.96. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $325.74.

Visa (NYSE:V) last released its quarterly earnings data on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.58 by $0.13. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm 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 business posted $2.33 earnings per share. Visa’s revenue was up 11.7% compared to the same quarter last year. On average, equities analysts forecast that Visa Inc. will post 11.2 EPS for the current year.

Visa Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were given a dividend of $0.59 per share. This is a positive change from Visa’s previous quarterly dividend of $0.52. This represents a $2.36 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. Visa’s dividend payout ratio is presently 24.25%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. TD Cowen boosted their target price on shares of Visa from $318.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Jefferies Financial Group increased their price objective on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on Visa from $300.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Citigroup increased their price target on shares of Visa from $326.00 to $354.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $332.81.

Insider Buying and Selling at Visa

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

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.