Carnegie Capital Asset Management LLC Purchases 221 Shares of Visa Inc. (NYSE:V)

Carnegie Capital Asset Management LLC raised its position in Visa Inc. (NYSE:V) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 99,123 shares of the credit-card processor’s stock after acquiring an additional 221 shares during the quarter. Visa makes up 0.9% of Carnegie Capital Asset Management LLC’s portfolio, making the stock its 27th biggest holding. Carnegie Capital Asset Management LLC’s holdings in Visa were worth $25,807,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Visa by 3.7% in the first quarter. State Street Corp now owns 72,897,112 shares of the credit-card processor’s stock worth $16,435,339,000 after buying an additional 2,572,159 shares during the period. Morgan Stanley raised its stake in Visa by 13.0% during the 4th quarter. Morgan Stanley now owns 51,122,866 shares of the credit-card processor’s stock valued at $10,621,287,000 after purchasing an additional 5,864,340 shares during the period. FMR LLC raised its stake in Visa by 4.7% during the 3rd quarter. FMR LLC now owns 50,357,747 shares of the credit-card processor’s stock valued at $11,582,785,000 after purchasing an additional 2,257,605 shares during the period. Moneta Group Investment Advisors LLC raised its stake in Visa by 116,608.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 24,504,130 shares of the credit-card processor’s stock valued at $5,090,978,000 after purchasing an additional 24,483,134 shares during the period. Finally, Northern Trust Corp raised its stake in Visa by 4.7% during the 3rd quarter. Northern Trust Corp now owns 17,073,700 shares of the credit-card processor’s stock valued at $3,927,122,000 after purchasing an additional 763,505 shares during the period. Institutional investors own 82.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Susquehanna lifted their target price on Visa from $300.00 to $326.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Monness Crespi & Hardt assumed coverage on Visa in a research note on Wednesday, December 20th. They set a “neutral” rating on the stock. UBS Group lifted their target price on Visa from $305.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, January 26th. Evercore ISI lifted their target price on Visa from $325.00 to $335.00 and gave the company an “outperform” rating in a research note on Tuesday, March 26th. Finally, Citigroup raised their price target on Visa from $296.00 to $306.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Five research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $296.87.

Visa Price Performance

V opened at $271.28 on Tuesday. The business has a fifty day moving average of $280.04 and a 200 day moving average of $262.19. Visa Inc. has a 52-week low of $216.14 and a 52-week high of $290.96. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.54. The stock has a market cap of $498.21 billion, a P/E ratio of 31.22, a PEG ratio of 1.91 and a beta of 0.96.

Visa (NYSE:V) last posted its quarterly earnings data on Thursday, January 25th. The credit-card processor reported $2.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.34 by $0.07. The company had revenue of $8.63 billion during the quarter, compared to analysts’ expectations of $8.55 billion. Visa had a return on equity of 50.02% and a net margin of 53.92%. Visa’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.18 EPS. As a group, sell-side analysts anticipate that Visa Inc. will post 9.89 EPS for the current year.

Visa Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Thursday, February 8th. Visa’s dividend payout ratio (DPR) is presently 23.94%.

Insider Buying and Selling at Visa

In other Visa news, insider Rajat Taneja sold 36,546 shares of Visa stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total transaction of $9,874,729.20. Following the completion of the sale, the insider now directly owns 232,112 shares of the company’s stock, valued at approximately $62,716,662.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Rajat Taneja sold 36,546 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $270.20, for a total value of $9,874,729.20. Following the completion of the transaction, the insider now directly owns 232,112 shares of the company’s stock, valued at $62,716,662.40. The disclosure for this sale can be found here. Insiders sold a total of 55,511 shares of company stock valued at $15,131,081 in the last ninety days. Corporate insiders own 0.19% of the company’s stock.

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.