Atlas Legacy Advisors LLC Makes New Investment in Visa Inc. (NYSE:V)

Atlas Legacy Advisors LLC purchased a new stake in Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,016 shares of the credit-card processor's stock, valued at approximately $321,000.

Several other large investors also recently made changes to their positions in the stock. Decker Retirement Planning Inc. acquired a new position in Visa during the fourth quarter worth $26,000. Peterson Financial Group Inc. bought a new stake in Visa during the third quarter worth about $26,000. POM Investment Strategies LLC boosted its position in Visa by 48.5% during the fourth quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after purchasing an additional 32 shares during the last quarter. Modus Advisors LLC bought a new position in Visa in the fourth quarter valued at approximately $32,000. Finally, Reston Wealth Management LLC acquired a new position in shares of Visa during the 3rd quarter worth approximately $31,000. Institutional investors own 82.15% of the company's stock.

Insider Activity at Visa

In other news, CEO Ryan Mcinerney sold 8,620 shares of the company'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 can be accessed through this link. Also, insider Tullier Kelly Mahon sold 33,741 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $349.77, for a total transaction of $11,801,589.57. Following the sale, the insider now directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,885 shares of company stock worth $19,161,447. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Raymond James reaffirmed an "outperform" rating and set a $393.00 price target (up from $374.00) on shares of Visa in a research report on Friday, January 31st. Bank of America boosted their price target on Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. Mizuho raised their price objective on Visa from $279.00 to $292.00 and gave the company a "neutral" rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on Visa from $320.00 to $330.00 and gave the stock a "buy" rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $355.31.

Visa Stock Down 0.6 %

Shares of Visa stock traded down $2.22 during trading hours on Friday, reaching $348.27. The company's stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.12 and a current ratio of 1.12. Visa Inc. has a one year low of $252.70 and a one year high of $357.15. The company has a market capitalization of $647.01 billion, a P/E ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. The stock's fifty day simple moving average is $328.47 and its two-hundred day simple moving average is $301.39.

Visa (NYSE:V - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.66 by $0.09. Visa had a return on equity of 54.79% and a net margin of 54.27%. On average, research analysts forecast that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.59 per share. The ex-dividend date is Tuesday, February 11th. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. Visa's payout ratio is currently 23.79%.

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.