LexAurum Advisors LLC Buys 431 Shares of Visa Inc. (NYSE:V)

LexAurum Advisors LLC raised its holdings in shares of Visa Inc. (NYSE:V) by 21.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,483 shares of the credit-card processor’s stock after buying an additional 431 shares during the quarter. LexAurum Advisors LLC’s holdings in Visa were worth $785,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. RFG Advisory LLC lifted its holdings in shares of Visa by 7.6% during the fourth quarter. RFG Advisory LLC now owns 16,188 shares of the credit-card processor’s stock worth $5,116,000 after buying an additional 1,149 shares during the last quarter. Motive Wealth Advisors lifted its holdings in shares of Visa by 10.4% during the fourth quarter. Motive Wealth Advisors now owns 1,700 shares of the credit-card processor’s stock worth $537,000 after buying an additional 160 shares during the last quarter. MFA Wealth Services acquired a new position in shares of Visa during the fourth quarter worth approximately $570,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Visa by 4.7% during the fourth quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 171,556 shares of the credit-card processor’s stock worth $54,093,000 after buying an additional 7,655 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. acquired a new position in shares of Visa in the fourth quarter valued at $282,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Visa Price Performance

Shares of V stock opened at $330.20 on Monday. The stock’s fifty day moving average is $314.95 and its 200-day moving average is $290.59. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $615.11 billion, a PE ratio of 33.94, a PEG ratio of 2.17 and a beta of 0.96. Visa Inc. has a 52 week low of $252.70 and a 52 week high of $331.09.

Visa (NYSE:V) last posted its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the business earned $2.33 earnings per share. Equities research analysts expect that Visa Inc. will post 11.19 EPS for the current fiscal year.

Visa Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Tuesday, November 12th were issued a $0.59 dividend. This is a boost from Visa’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa’s dividend payout ratio (DPR) is currently 24.25%.

Insider Activity at Visa

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total transaction of $2,739,263.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares in the company, valued at approximately $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

V has been the subject of a number of recent research reports. Macquarie upped their target price on Visa from $300.00 to $335.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Robert W. Baird upped their target price on Visa from $330.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Royal Bank of Canada upped their target price on Visa from $311.00 to $322.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group upped their target price on Visa from $320.00 to $330.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on Visa from $326.00 to $371.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Visa has a consensus rating of “Moderate Buy” and a consensus price target of $335.52.

Visa Company 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.