Alps Advisors Inc. Grows Stock Position in Visa Inc. $V

Alps Advisors Inc. grew its stake in Visa Inc. (NYSE:V) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 126,996 shares of the credit-card processor’s stock after buying an additional 1,546 shares during the quarter. Alps Advisors Inc.’s holdings in Visa were worth $43,354,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Harbor Asset Planning Inc. acquired a new stake in shares of Visa during the 2nd quarter valued at about $29,000. Sagard Holdings Management Inc. acquired a new position in Visa in the 2nd quarter worth about $31,000. Bare Financial Services Inc boosted its position in Visa by 287.0% during the second quarter. Bare Financial Services Inc now owns 89 shares of the credit-card processor’s stock worth $32,000 after purchasing an additional 66 shares in the last quarter. Hoese & Co LLP acquired a new stake in Visa in the second quarter valued at approximately $36,000. Finally, Winnow Wealth LLC acquired a new stake in Visa in the second quarter valued at approximately $40,000. Hedge funds and other institutional investors own 82.15% of the company’s stock.

Insider Buying and Selling at Visa

In other news, CEO Ryan Mcinerney sold 10,485 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $349.18, for a total transaction of $3,661,152.30. Following the transaction, the chief executive officer owned 9,401 shares of the company’s stock, valued at approximately $3,282,641.18. The trade was a 52.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul D. Fabara sold 2,172 shares of the company’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $325.93, for a total transaction of $707,919.96. Following the completion of the sale, the insider directly owned 26,413 shares of the company’s stock, valued at $8,608,789.09. This represents a 7.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.12% of the stock is owned by insiders.

Visa Trading Up 0.8%

Shares of Visa stock opened at $331.82 on Friday. The stock has a market cap of $604.49 billion, a P/E ratio of 31.13, a P/E/G ratio of 1.90 and a beta of 0.79. The stock’s 50 day simple moving average is $338.50 and its 200-day simple moving average is $340.87. Visa Inc. has a 1-year low of $299.00 and a 1-year high of $375.51. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.11 and a quick ratio of 1.08.

Visa (NYSE:V) last posted its quarterly earnings results on Thursday, January 29th. The credit-card processor reported $3.17 EPS for the quarter, beating the consensus estimate of $3.14 by $0.03. The firm had revenue of $10.90 billion during the quarter, compared to analysts’ expectations of $10.69 billion. Visa had a return on equity of 61.74% and a net margin of 50.23%.The business’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.75 earnings per share. Analysts predict that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Tuesday, February 10th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, February 10th. Visa’s payout ratio is currently 25.14%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial set a $374.00 target price on Visa in a research note on Tuesday, January 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $411.00 price objective (up from $398.00) on shares of Visa in a report on Friday, January 30th. TD Cowen reiterated a “buy” rating on shares of Visa in a research report on Friday, January 30th. Bank of America upgraded shares of Visa from a “neutral” rating to a “buy” rating and set a $382.00 price target for the company in a research report on Thursday, December 11th. Finally, Citigroup raised shares of Visa to a “strong-buy” rating in a research note on Thursday, October 23rd. Six analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $392.29.

About Visa

Visa Inc is a global payments technology company that facilitates electronic funds transfers and digital commerce by connecting consumers, merchants, financial institutions and governments. The firm operates one of the world’s largest payment networks, providing processing, authorization, clearing and settlement services for credit, debit and prepaid card transactions. Visa’s network-based model enables partner banks and other issuers to offer branded payment products while Visa focuses on the infrastructure, standards and technologies that move money securely and efficiently around the world.

Visa’s product and service portfolio includes card-based payment products for consumers and businesses, real-time push-payment capabilities, tokenization and authentication services, fraud and risk-management tools, data analytics and APIs for fintech and merchant integration.