Bridge Advisory LLC Takes $228,000 Position in Visa Inc. (NYSE:V)

Bridge Advisory LLC acquired a new stake in Visa Inc. (NYSE:V) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 818 shares of the credit-card processor’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Holdings Inc. boosted its holdings in Visa by 101.7% during the 3rd quarter. Nomura Holdings Inc. now owns 1,993 shares of the credit-card processor’s stock worth $458,000 after acquiring an additional 116,934 shares during the last quarter. Sherbrooke Park Advisers LLC boosted its holdings in Visa by 2.9% during the 3rd quarter. Sherbrooke Park Advisers LLC now owns 4,837 shares of the credit-card processor’s stock worth $1,113,000 after acquiring an additional 137 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Visa by 1.4% during the 3rd quarter. Ancora Advisors LLC now owns 34,051 shares of the credit-card processor’s stock worth $7,832,000 after acquiring an additional 456 shares during the last quarter. Corton Capital Inc. boosted its holdings in Visa by 92.0% during the 3rd quarter. Corton Capital Inc. now owns 1,818 shares of the credit-card processor’s stock worth $418,000 after acquiring an additional 871 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in Visa by 156.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 72,096 shares of the credit-card processor’s stock worth $16,583,000 after acquiring an additional 44,013 shares during the last quarter. Institutional investors own 82.15% of the company’s stock.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $280.36, for a total value of $2,298,952.00. Following the sale, the chief executive officer now directly owns 538 shares of the company’s stock, valued at $150,833.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul D. Fabara sold 25,293 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $277.15, for a total transaction of $7,009,954.95. Following the completion of the sale, the insider now directly owns 17,894 shares in the company, valued at $4,959,322.10. The disclosure for this sale can be found here. Insiders have sold 34,402 shares of company stock valued at $9,559,382 over the last three months. 0.19% of the stock is owned by corporate insiders.

Visa Trading Down 1.5 %

Shares of V opened at $262.47 on Friday. The business’s 50-day moving average price is $273.88 and its 200-day moving average price is $273.50. Visa Inc. has a twelve month low of $227.68 and a twelve month high of $290.96. The stock has a market cap of $480.04 billion, a PE ratio of 29.33, a P/E/G ratio of 1.80 and a beta of 0.97. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last announced its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.08. Visa had a return on equity of 51.23% and a net margin of 53.87%. The firm had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period in the prior year, the business posted $2.09 earnings per share. The company’s revenue was up 9.9% on a year-over-year basis. On average, equities analysts forecast that Visa Inc. will post 9.94 EPS for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Friday, May 17th were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, May 16th. Visa’s dividend payout ratio is currently 23.24%.

Analyst Ratings Changes

V has been the topic of a number of analyst reports. Redburn Atlantic reaffirmed a “neutral” rating and set a $307.00 price objective on shares of Visa in a report on Wednesday, March 27th. Robert W. Baird boosted their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a report on Wednesday, April 17th. William Blair reissued an “outperform” rating on shares of Visa in a report on Wednesday, April 24th. Macquarie boosted their price target on shares of Visa from $290.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Citigroup boosted their price target on shares of Visa from $314.00 to $321.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Five equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $303.56.

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.