Bridge Advisory LLC Makes New $228,000 Investment in Visa Inc. (NYSE:V)

Bridge Advisory LLC acquired a new stake in shares of Visa Inc. (NYSE:V) in the first quarter, HoldingsChannel reports. The institutional investor acquired 818 shares of the credit-card processor’s stock, valued at approximately $228,000.

A number of other hedge funds also recently made changes to their positions in V. Livelsberger Financial Advisory bought a new position in shares of Visa during the 4th quarter valued at approximately $25,000. Westend Capital Management LLC purchased a new position in Visa in the 1st quarter worth approximately $25,000. O Brien Wealth Partners LLC purchased a new position in Visa in the 4th quarter worth approximately $32,000. Frank Rimerman Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $33,000. Finally, Valued Wealth Advisors LLC purchased a new position in Visa in the 4th quarter worth approximately $37,000. 82.15% of the stock is currently owned by institutional investors.

Visa Stock Performance

Shares of Visa stock opened at $262.47 on Friday. 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. The stock’s fifty day moving average is $273.88 and its two-hundred day moving average is $273.50. The company has a market capitalization of $480.04 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 1.80 and a beta of 0.97.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The business had revenue of $8.78 billion for the quarter, compared to the consensus estimate of $8.62 billion. During the same quarter in the prior year, the company earned $2.09 EPS. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, analysts expect that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Stockholders 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 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s payout ratio is 23.24%.

Insider Transactions at Visa

In other news, insider Paul D. Fabara sold 25,293 shares of the stock in a transaction on 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 transaction, the insider now owns 17,894 shares of the company’s stock, valued at approximately $4,959,322.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the sale, the chief executive officer now owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total value of $7,009,954.95. Following the sale, the insider now directly owns 17,894 shares in the company, valued at approximately $4,959,322.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,402 shares of company stock valued at $9,559,382. 0.19% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on V. UBS Group upped their price objective on Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. TD Cowen began coverage on Visa in a report on Thursday, April 11th. They set a “buy” rating and a $320.00 price objective on the stock. Oppenheimer upped their price objective on Visa from $297.00 to $299.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Citigroup upped their price objective on Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, Wedbush upped their price objective on Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Five equities research 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 a consensus rating of “Moderate Buy” and an average target price 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.