Signature Estate & Investment Advisors LLC Has $1.42 Million Stock Holdings in Visa Inc. (NYSE:V)

Signature Estate & Investment Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,507 shares of the credit-card processor’s stock after acquiring an additional 191 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Visa were worth $1,424,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. First American Trust FSB boosted its stake in Visa by 35.9% during the 4th quarter. First American Trust FSB now owns 45,004 shares of the credit-card processor’s stock worth $14,224,000 after acquiring an additional 11,886 shares during the last quarter. Heritage Wealth Management Inc. CA acquired a new stake in Visa in the fourth quarter worth $248,000. Zions Bancorporation N.A. grew its holdings in shares of Visa by 17.0% in the 4th quarter. Zions Bancorporation N.A. now owns 49,416 shares of the credit-card processor’s stock valued at $15,617,000 after buying an additional 7,163 shares during the period. TIAA Trust National Association grew its holdings in shares of Visa by 4.1% in the 4th quarter. TIAA Trust National Association now owns 199,570 shares of the credit-card processor’s stock valued at $63,072,000 after buying an additional 7,866 shares during the period. Finally, TD Asset Management Inc. increased its position in shares of Visa by 1.6% in the 4th quarter. TD Asset Management Inc. now owns 3,788,279 shares of the credit-card processor’s stock valued at $1,197,248,000 after buying an additional 58,393 shares in the last quarter. Institutional investors and hedge funds own 82.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Morgan Stanley boosted their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Oppenheimer restated an “outperform” rating on shares of Visa in a report on Thursday, February 13th. The Goldman Sachs Group upped their price target on shares of Visa from $346.00 to $384.00 and gave the company a “buy” rating in a report on Friday, January 31st. Seaport Res Ptn upgraded shares of Visa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $393.00 target price (up from $374.00) on shares of Visa in a research note on Friday, January 31st. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $353.96.

Visa Trading Up 0.3 %

V stock opened at $344.95 on Wednesday. The stock has a market cap of $640.84 billion, a price-to-earnings ratio of 34.77, a price-to-earnings-growth ratio of 2.33 and a beta of 0.95. The company has a fifty day moving average price of $341.94 and a two-hundred day moving average price of $314.21. Visa Inc. has a one year low of $252.70 and a one year high of $366.54. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.

Visa (NYSE:V) last announced its earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. Equities analysts anticipate that Visa Inc. will post 11.3 EPS for the current year.

Visa Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 0.68%. Visa’s payout ratio is presently 23.79%.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $340.41, for a total value of $13,395,133.50. Following the completion of the transaction, the insider now directly owns 26,413 shares of the company’s stock, valued at approximately $8,991,249.33. This trade represents a 59.84 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 143,205 shares of company stock worth $48,560,961. Corporate insiders own 0.13% of the company’s stock.

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.