Brighton Jones LLC Has $3.42 Million Stock Position in Visa Inc. (NYSE:V)

Brighton Jones LLC boosted its position in shares of Visa Inc. (NYSE:V) by 7.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,142 shares of the credit-card processor’s stock after buying an additional 942 shares during the quarter. Brighton Jones LLC’s holdings in Visa were worth $3,421,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in V. Trifecta Capital Advisors LLC lifted its holdings in shares of Visa by 2.7% during the third quarter. Trifecta Capital Advisors LLC now owns 20,176 shares of the credit-card processor’s stock worth $4,641,000 after purchasing an additional 536 shares during the period. Jmac Enterprises LLC grew its holdings in shares of Visa by 20.5% during the 3rd quarter. Jmac Enterprises LLC now owns 2,188 shares of the credit-card processor’s stock valued at $503,000 after purchasing an additional 372 shares during the last quarter. Roof Eidam Maycock Peralta LLC lifted its position in shares of Visa by 0.7% in the 3rd quarter. Roof Eidam Maycock Peralta LLC now owns 9,533 shares of the credit-card processor’s stock worth $2,193,000 after purchasing an additional 65 shares during the period. Riversedge Advisors LLC lifted its position in Visa by 48.5% during the 3rd quarter. Riversedge Advisors LLC now owns 2,130 shares of the credit-card processor’s stock valued at $490,000 after acquiring an additional 696 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Visa by 8.3% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 9,852 shares of the credit-card processor’s stock valued at $2,266,000 after purchasing an additional 751 shares in the last quarter. Institutional investors own 82.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,150 shares of the business’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Visa news, Director Lloyd Carney sold 909 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $275.55, for a total value of $250,474.95. Following the transaction, the director now directly owns 2,591 shares of the company’s stock, valued at approximately $713,950.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Ryan Mcinerney sold 8,150 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $273.39, for a total value of $2,228,128.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,874 shares of company stock worth $5,506,827. 0.19% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on V shares. UBS Group upped their price target on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Robert W. Baird raised their price target on shares of Visa from $314.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 17th. Wedbush increased their target price on shares of Visa from $280.00 to $300.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. KeyCorp raised their price target on shares of Visa from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, January 8th. Finally, Barclays increased their price objective on shares of Visa from $304.00 to $319.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.58.

Visa Price Performance

Shares of V stock traded down $3.20 during mid-day trading on Tuesday, reaching $268.64. The stock had a trading volume of 6,375,486 shares, compared to its average volume of 5,935,847. Visa Inc. has a 12-month low of $216.14 and a 12-month high of $290.96. The company has a market cap of $493.36 billion, a P/E ratio of 30.17, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. The business has a 50-day simple moving average of $279.11 and a 200 day simple moving average of $264.97. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.53.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $8.62 billion. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. On average, sell-side analysts anticipate that Visa Inc. will post 9.89 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Friday, May 17th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. Visa’s dividend payout ratio is currently 23.24%.

Visa 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.