Rhumbline Advisers Acquires 25,348 Shares of Visa Inc. (NYSE:V)

Rhumbline Advisers increased its position in Visa Inc. (NYSE:V) by 0.8% during the 4th quarter, Holdings Channel reports. The firm owned 3,308,967 shares of the credit-card processor’s stock after acquiring an additional 25,348 shares during the quarter. Visa comprises approximately 0.9% of Rhumbline Advisers’ investment portfolio, making the stock its 13th largest holding. Rhumbline Advisers’ holdings in Visa were worth $1,045,766,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Decker Retirement Planning Inc. purchased a new stake in shares of Visa during the 4th quarter valued at $26,000. Peterson Financial Group Inc. acquired a new stake in Visa during the 3rd quarter worth about $26,000. POM Investment Strategies LLC grew its position in Visa by 48.5% during the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor’s stock worth $31,000 after purchasing an additional 32 shares during the period. Modus Advisors LLC acquired a new stake in Visa during the 4th quarter worth about $32,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Visa during the 3rd quarter valued at about $31,000. Institutional investors own 82.15% of the company’s stock.

Insider Activity

In other Visa news, insider Paul D. Fabara sold 2,171 shares of Visa stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of Visa stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the completion of the sale, the general counsel now owns 11,925 shares in the company, valued at $4,054,500. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 58,056 shares of company stock valued at $19,830,050. 0.13% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

V has been the topic of a number of analyst reports. UBS Group raised their target price on Visa from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Friday, January 31st. William Blair restated an “outperform” rating on shares of Visa in a research report on Friday, January 31st. Citigroup upped their price objective on Visa from $354.00 to $393.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Visa from $360.00 to $400.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Four equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $354.73.

Visa Price Performance

Shares of Visa stock opened at $353.73 on Tuesday. The firm has a fifty day moving average price of $325.14 and a two-hundred day moving average price of $299.42. The company has a market cap of $657.15 billion, a PE ratio of 35.66, a price-to-earnings-growth ratio of 2.32 and a beta of 0.97. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $356.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.28.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Analysts expect that Visa Inc. will post 11.27 EPS for the current year.

Visa Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa’s dividend payout ratio (DPR) is presently 23.79%.

Visa Company Profile

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.