Summit Trail Advisors LLC Has $8.53 Million Position in Visa Inc. (NYSE:V)

Summit Trail Advisors LLC lifted its position in Visa Inc. (NYSE:V) by 30.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 26,977 shares of the credit-card processor’s stock after purchasing an additional 6,350 shares during the period. Summit Trail Advisors LLC’s holdings in Visa were worth $8,526,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wesbanco Bank Inc. lifted its holdings in shares of Visa by 1.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 8,367 shares of the credit-card processor’s stock valued at $2,301,000 after purchasing an additional 114 shares in the last quarter. Creative Planning increased its stake in Visa by 2.4% during the 3rd quarter. Creative Planning now owns 566,729 shares of the credit-card processor’s stock worth $155,822,000 after purchasing an additional 13,318 shares in the last quarter. Swedbank AB raised its holdings in Visa by 10.7% during the 3rd quarter. Swedbank AB now owns 2,059,111 shares of the credit-card processor’s stock worth $566,153,000 after buying an additional 199,440 shares during the period. Prospect Financial Services LLC bought a new position in Visa in the third quarter valued at approximately $357,000. Finally, Petredis Investment Advisors LLC boosted its holdings in shares of Visa by 0.3% in the third quarter. Petredis Investment Advisors LLC now owns 22,219 shares of the credit-card processor’s stock valued at $6,109,000 after buying an additional 75 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

V has been the topic of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Visa from $360.00 to $395.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Bank of America lifted their price target on Visa from $331.00 to $363.00 and gave the company a “neutral” rating in a research note on Friday, January 31st. Robert W. Baird increased their price objective on Visa from $330.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on Visa from $360.00 to $400.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Macquarie raised their price target on shares of Visa from $300.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Visa presently has a consensus rating of “Moderate Buy” and a consensus target price of $354.73.

Visa Stock Performance

Shares of V stock opened at $351.43 on Thursday. The company has a market capitalization of $652.88 billion, a price-to-earnings ratio of 35.43, a PEG ratio of 2.32 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.28 and a current ratio of 1.12. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $352.12. The company has a 50-day simple moving average of $322.53 and a 200 day simple moving average of $297.52.

Visa (NYSE:V) last posted its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 EPS for the quarter, beating the consensus estimate 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 11.27 earnings per share for the current year.

Visa Dividend Announcement

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

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at $5,510,815.18. The trade was a 10.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is owned by company 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.