Visa Inc. (NYSE:V) Shares Bought by Krilogy Financial LLC

Krilogy Financial LLC lifted its stake in shares of Visa Inc. (NYSE:V - Free Report) by 8.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,988 shares of the credit-card processor's stock after buying an additional 1,351 shares during the quarter. Krilogy Financial LLC's holdings in Visa were worth $5,369,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Peterson Financial Group Inc. bought a new position in shares of Visa in the 3rd quarter worth about $26,000. Decker Retirement Planning Inc. purchased a new stake in Visa in the fourth quarter worth about $26,000. Reston Wealth Management LLC bought a new position in shares of Visa during the third quarter valued at approximately $31,000. Modus Advisors LLC purchased a new position in shares of Visa during the fourth quarter valued at approximately $32,000. Finally, West Financial Advisors LLC lifted its holdings in shares of Visa by 101.4% during the third quarter. West Financial Advisors LLC now owns 145 shares of the credit-card processor's stock valued at $40,000 after purchasing an additional 73 shares during the last quarter. 82.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently commented on V. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Visa from $300.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. TD Cowen upped their price target on shares of Visa from $318.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 30th. Finally, Robert W. Baird lifted their target price on shares of Visa from $330.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong 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 $331.92.

Visa Stock Up 0.9 %

Shares of V traded up $2.72 during midday trading on Monday, hitting $319.97. 5,746,152 shares of the company's stock traded hands, compared to its average volume of 5,703,089. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $596.06 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Visa Inc. has a 1 year low of $252.70 and a 1 year high of $321.61. The firm's fifty day moving average is $313.41 and its 200-day moving average is $288.73.

Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. The company's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.33 earnings per share. As a group, sell-side analysts anticipate that Visa Inc. will post 11.22 earnings per share for the current year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.74%. This is a boost from Visa's previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, November 12th. Visa's dividend payout ratio (DPR) is presently 24.25%.

Insider Buying and Selling

In related 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. This represents a 10.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% 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.