Visa Inc. (NYSE:V) Shares Bought by True North Advisors LLC

True North Advisors LLC grew its stake in Visa Inc. (NYSE:V) by 261.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,576 shares of the credit-card processor’s stock after buying an additional 12,712 shares during the period. Visa accounts for about 1.3% of True North Advisors LLC’s holdings, making the stock its 8th biggest holding. True North Advisors LLC’s holdings in Visa were worth $5,555,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Traynor Capital Management Inc. grew its stake in Visa by 7.8% during the fourth quarter. Traynor Capital Management Inc. now owns 49,408 shares of the credit-card processor’s stock worth $15,615,000 after purchasing an additional 3,570 shares during the period. Rothschild & Co Wealth Management UK Ltd boosted its holdings in Visa by 0.4% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 55,655 shares of the credit-card processor’s stock worth $17,589,000 after acquiring an additional 210 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in Visa by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 830,497 shares of the credit-card processor’s stock worth $262,470,000 after acquiring an additional 3,649 shares in the last quarter. Evolution Wealth Advisors LLC boosted its holdings in Visa by 8.4% in the fourth quarter. Evolution Wealth Advisors LLC now owns 1,033 shares of the credit-card processor’s stock worth $326,000 after acquiring an additional 80 shares in the last quarter. Finally, Kelleher Financial Advisors boosted its holdings in Visa by 57.1% in the fourth quarter. Kelleher Financial Advisors now owns 2,057 shares of the credit-card processor’s stock worth $650,000 after acquiring an additional 748 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Insider Buying and Selling

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

Visa Price Performance

Shares of NYSE V opened at $330.20 on Friday. The stock has a market cap of $615.11 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $331.09. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $314.54 and a 200-day moving average of $289.98.

Visa (NYSE:V) last posted its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 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 business had revenue of $9.62 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same period in the previous year, the business earned $2.33 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. Equities research analysts anticipate that Visa Inc. will post 11.19 earnings per share for the current year.

Visa Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.71%. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa’s payout ratio is presently 24.25%.

Analyst Ratings Changes

Several research analysts have issued reports on V shares. Keefe, Bruyette & Woods increased their price target on Visa from $335.00 to $360.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Oppenheimer raised their target price on Visa from $321.00 to $375.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Royal Bank of Canada raised their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Macquarie raised their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Morgan Stanley raised their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $334.58.

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.