Herold Advisors Inc. Has $6.79 Million Stock Position in Visa Inc. (NYSE:V)

Herold Advisors Inc. raised its stake in Visa Inc. (NYSE:VFree Report) by 0.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,499 shares of the credit-card processor’s stock after acquiring an additional 142 shares during the quarter. Visa comprises 2.1% of Herold Advisors Inc.’s holdings, making the stock its 5th largest position. Herold Advisors Inc.’s holdings in Visa were worth $6,785,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Hibernia Wealth Partners LLC acquired a new position in shares of Visa during the third quarter worth $25,000. West Tower Group LLC acquired a new position in Visa in the second quarter valued at $30,000. Financial Freedom LLC acquired a new position in Visa in the fourth quarter valued at $32,000. Nalls Sherbakoff Group LLC lifted its holdings in Visa by 545.5% in the third quarter. Nalls Sherbakoff Group LLC now owns 142 shares of the credit-card processor’s stock valued at $33,000 after buying an additional 120 shares during the period. Finally, FNY Investment Advisers LLC lifted its holdings in Visa by 227.7% in the third quarter. FNY Investment Advisers LLC now owns 154 shares of the credit-card processor’s stock valued at $35,000 after buying an additional 107 shares during the period. 81.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. HSBC assumed coverage on shares of Visa in a research note on Friday, October 13th. They issued a “hold” rating and a $266.00 price target for the company. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. UBS Group lifted their price target on shares of Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Jefferies Financial Group boosted their target price on shares of Visa from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Susquehanna boosted their target price on shares of Visa from $300.00 to $326.00 and gave the stock a “positive” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $290.55.

Read Our Latest Stock Report on V

Insider Buying and Selling

In other news, CEO Ryan Mcinerney sold 8,150 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $273.39, for a total value of $2,228,128.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Rajat Taneja sold 7,811 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $253.17, for a total value of $1,977,510.87. Following the transaction, the insider now owns 232,112 shares of the company’s stock, valued at approximately $58,763,795.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ryan Mcinerney sold 8,150 shares of Visa stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total transaction of $2,228,128.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,857 shares of company stock valued at $24,966,149. Company insiders own 0.19% of the company’s stock.

Visa Stock Performance

Shares of V stock traded down $2.77 during trading on Thursday, reaching $276.10. 2,347,367 shares of the company’s stock traded hands, compared to its average volume of 5,503,600. The firm’s 50-day moving average is $263.79 and its 200 day moving average is $248.83. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $507.06 billion, a P/E ratio of 31.74, a PEG ratio of 1.91 and a beta of 0.97. Visa Inc. has a 1 year low of $208.76 and a 1 year high of $279.99.

Visa (NYSE:VGet Free Report) last posted its earnings results on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share for the quarter, topping analysts’ consensus estimates of $2.34 by $0.07. The business had revenue of $8.63 billion for the quarter, compared to analyst estimates of $8.55 billion. Visa had a net margin of 53.92% and a return on equity of 50.02%. Visa’s revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.18 EPS. Equities research analysts expect that Visa Inc. will post 9.91 EPS for the current year.

Visa Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 9th will be issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Visa Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Visa (NYSE:V)

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