43,238 Shares in Visa Inc. (NYSE:V) Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. purchased a new position in Visa Inc. (NYSE:V – Get Rating) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 43,238 shares of the credit-card processor’s stock, valued at approximately $8,983,000.

A number of other hedge funds have also bought and sold shares of V. Copperleaf Capital LLC lifted its holdings in Visa by 0.6% in the second quarter. Copperleaf Capital LLC now owns 7,968 shares of the credit-card processor’s stock worth $1,569,000 after acquiring an additional 49 shares during the last quarter. CNB Bank lifted its holdings in Visa by 0.8% in the second quarter. CNB Bank now owns 6,338 shares of the credit-card processor’s stock worth $1,248,000 after acquiring an additional 49 shares during the last quarter. Solstein Capital LLC lifted its holdings in Visa by 0.4% in the second quarter. Solstein Capital LLC now owns 14,111 shares of the credit-card processor’s stock worth $2,778,000 after acquiring an additional 50 shares during the last quarter. Eads & Heald Wealth Management lifted its holdings in Visa by 0.4% in the third quarter. Eads & Heald Wealth Management now owns 12,641 shares of the credit-card processor’s stock worth $2,246,000 after acquiring an additional 50 shares during the last quarter. Finally, Tobias Financial Advisors Inc. lifted its holdings in Visa by 3.4% in the third quarter. Tobias Financial Advisors Inc. now owns 1,516 shares of the credit-card processor’s stock worth $269,000 after acquiring an additional 50 shares during the last quarter. 81.87% of the stock is currently owned by institutional investors and hedge funds.

Visa Stock Performance

NYSE V opened at $217.39 on Friday. The stock has a market cap of $408.91 billion, a P/E ratio of 30.40, a PEG ratio of 1.71 and a beta of 0.97. The company’s 50-day simple moving average is $223.62 and its 200 day simple moving average is $208.28. Visa Inc. has a twelve month low of $174.60 and a twelve month high of $234.30. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.59.

Visa (NYSE:V – Get Rating) last posted its earnings results on Thursday, January 26th. The credit-card processor reported $2.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.17. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.70 billion. Visa had a net margin of 50.28% and a return on equity of 49.95%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.81 earnings per share. As a group, research analysts forecast that Visa Inc. will post 8.43 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 1st. Shareholders of record on Friday, February 10th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 0.83%. This is a boost from Visa’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, February 9th. Visa’s dividend payout ratio is currently 25.17%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on V. Barclays lifted their price target on Visa from $266.00 to $270.00 and gave the company an “overweight” rating in a report on Sunday, January 29th. Mizuho lifted their price target on Visa from $220.00 to $240.00 and gave the company a “neutral” rating in a report on Monday, January 30th. Morgan Stanley boosted their target price on Visa from $284.00 to $288.00 and gave the stock an “overweight” rating in a report on Friday, January 27th. Jefferies Financial Group boosted their target price on Visa from $225.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Finally, BMO Capital Markets boosted their target price on Visa from $249.00 to $253.00 and gave the stock an “outperform” rating in a report on Friday, January 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Visa has an average rating of “Moderate Buy” and a consensus price target of $259.11.

Insiders Place Their Bets

In other news, General Counsel Julie B. Rottenberg sold 13,394 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now directly owns 4,583 shares in the company, valued at $1,003,677. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, General Counsel Julie B. Rottenberg sold 13,394 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $219.00, for a total transaction of $2,933,286.00. Following the transaction, the general counsel now directly owns 4,583 shares in the company, valued at $1,003,677. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Alfred F. Kelly, Jr. sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $223.99, for a total transaction of $12,991,420.00. Following the transaction, the chairman now owns 162,354 shares in the company, valued at $36,365,672.46. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 191,312 shares of company stock valued at $33,751,165. 0.22% of the stock is currently owned by insiders.

Visa Profile

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Visa, Inc engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines (ATMs).