Visa Inc. (NYSE:V) Shares Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its holdings in shares of Visa Inc. (NYSE:V) by 44,126.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,170 shares of the credit-card processor’s stock after acquiring an additional 33,095 shares during the period. New Age Alpha Advisors LLC’s holdings in Visa were worth $10,483,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Providence Capital Advisors LLC lifted its holdings in Visa by 34.1% during the 4th quarter. Providence Capital Advisors LLC now owns 866 shares of the credit-card processor’s stock worth $274,000 after buying an additional 220 shares during the last quarter. Norges Bank bought a new stake in shares of Visa during the fourth quarter valued at approximately $5,171,271,000. Caisse Des Depots ET Consignations bought a new stake in Visa during the 4th quarter valued at $62,421,000. Homestead Advisers Corp grew its stake in shares of Visa by 4.0% in the fourth quarter. Homestead Advisers Corp now owns 301,174 shares of the credit-card processor’s stock worth $95,183,000 after purchasing an additional 11,500 shares in the last quarter. Finally, Howe & Rusling Inc. increased its stake in Visa by 8.4% during the 4th quarter. Howe & Rusling Inc. now owns 31,278 shares of the credit-card processor’s stock valued at $9,885,000 after buying an additional 2,411 shares during the period. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of Visa 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total value of $13,395,133.50. Following the sale, the insider now owns 26,413 shares in the company, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock worth $48,560,961. 0.13% of the stock is owned by corporate insiders.

Visa Price Performance

NYSE V opened at $349.82 on Friday. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $366.54. The company has a fifty day simple moving average of $343.15 and a 200 day simple moving average of $314.66. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $649.89 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.33 and a beta of 0.95.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, topping 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%. On average, sell-side analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend was Tuesday, February 11th. Visa’s payout ratio is presently 23.79%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on V. UBS Group lifted their target price on Visa from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Keefe, Bruyette & Woods restated a “hold” rating on shares of Visa in a report on Thursday, February 13th. Susquehanna reiterated a “positive” rating on shares of Visa in a research report on Friday, March 21st. Bank of America upped their price objective on shares of Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Finally, Citigroup reissued a “neutral” rating on shares of Visa in a research report on Thursday, February 13th. Five investment 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $355.84.

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.