Royal Fund Management LLC Has $1.71 Million Position in Visa Inc. (NYSE:V)

Royal Fund Management LLC lifted its stake in shares of Visa Inc. (NYSE:V) by 5.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,571 shares of the credit-card processor’s stock after acquiring an additional 348 shares during the period. Royal Fund Management LLC’s holdings in Visa were worth $1,711,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd acquired a new position in Visa during the third quarter worth $25,000. O Brien Wealth Partners LLC bought a new stake in shares of Visa in the 4th quarter worth $32,000. Valued Wealth Advisors LLC bought a new stake in shares of Visa in the 4th quarter worth $37,000. Stuart Chaussee & Associates Inc. grew its stake in shares of Visa by 66.2% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 236 shares of the credit-card processor’s stock worth $61,000 after acquiring an additional 94 shares in the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Visa in the 4th quarter worth $71,000. Institutional investors and hedge funds own 82.15% of the company’s stock.

Visa Price Performance

NYSE V traded up $0.88 on Friday, reaching $268.49. 3,862,018 shares of the company’s stock traded hands, compared to its average volume of 6,930,902. Visa Inc. has a 12 month low of $216.14 and a 12 month high of $290.96. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a 50-day simple moving average of $278.17 and a 200 day simple moving average of $265.42. The stock has a market cap of $493.08 billion, a PE ratio of 30.00, a P/E/G ratio of 1.83 and a beta of 0.95.

Visa (NYSE:V) last issued its quarterly earnings results on Tuesday, April 23rd. The credit-card processor reported $2.51 EPS for the quarter, beating analysts’ consensus estimates of $2.43 by $0.08. Visa had a net margin of 53.87% and a return on equity of 51.23%. The business had revenue of $8.78 billion for the quarter, compared to analysts’ expectations of $8.62 billion. During the same period last year, the business earned $2.09 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, research analysts predict that Visa Inc. will post 9.94 earnings per share for the current year.

Visa Dividend Announcement

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

Analyst Ratings Changes

V has been the subject of several recent analyst reports. UBS Group upped their target price on shares of Visa from $315.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Redburn Atlantic restated a “neutral” rating and set a $307.00 price target on shares of Visa in a research report on Wednesday, March 27th. Mizuho increased their price target on shares of Visa from $265.00 to $275.00 and gave the company a “neutral” rating in a research report on Thursday. Citigroup increased their price target on shares of Visa from $314.00 to $321.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Robert W. Baird increased their price target on shares of Visa from $314.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.00.

Insider Activity at Visa

In related news, CEO Ryan Mcinerney sold 8,200 shares of Visa stock in a transaction 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 owns 538 shares in the company, valued at $150,833.68. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Visa news, CEO Ryan Mcinerney sold 8,200 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $280.36, for a total transaction of $2,298,952.00. Following the completion of the transaction, the chief executive officer now 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 accessible through this link. Also, CAO Peter M. Andreski sold 2,615 shares of the firm’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $278.88, for a total value of $729,271.20. Following the transaction, the chief accounting officer now directly owns 4,898 shares of the company’s stock, valued at approximately $1,365,954.24. The disclosure for this sale can be found here. Insiders have sold a total of 11,724 shares of company stock worth $3,278,698 over the last quarter. Corporate insiders own 0.19% of the company’s stock.

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.