Northstar Investment Advisors LLC Invests $8.06 Million in Visa Inc (V) Stock

Northstar Investment Advisors LLC bought a new stake in Visa Inc (NYSE:V) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,718 shares of the credit-card processor’s stock, valued at approximately $8,063,000.

Other hedge funds have also recently bought and sold shares of the company. Fundsmith Equity Fund L.P. purchased a new stake in Visa in the second quarter worth about $757,597,000. Baird Financial Group Inc. increased its position in Visa by 2.2% in the second quarter. Baird Financial Group Inc. now owns 944,191 shares of the credit-card processor’s stock worth $125,058,000 after buying an additional 20,084 shares in the last quarter. Lee Financial Group Hawaii Inc. increased its position in Visa by 1.6% in the second quarter. Lee Financial Group Hawaii Inc. now owns 24,147 shares of the credit-card processor’s stock worth $3,198,000 after buying an additional 388 shares in the last quarter. Credit Agricole S A increased its position in Visa by 0.8% in the second quarter. Credit Agricole S A now owns 169,611 shares of the credit-card processor’s stock worth $22,465,000 after buying an additional 1,312 shares in the last quarter. Finally, Wealthstreet Investment Advisors LLC increased its position in Visa by 2.1% in the second quarter. Wealthstreet Investment Advisors LLC now owns 145,294 shares of the credit-card processor’s stock worth $19,244,000 after buying an additional 2,930 shares in the last quarter. 80.63% of the stock is currently owned by institutional investors.

V has been the subject of several research analyst reports. Bank of America increased their target price on Visa from $155.00 to $163.00 and gave the stock a “buy” rating in a research report on Monday, August 13th. Royal Bank of Canada increased their target price on Visa to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 5th. Robert W. Baird increased their target price on Visa from $156.00 to $162.00 and gave the stock an “outperform” rating in a research report on Friday, September 14th. Goldman Sachs Group cut Visa from a “conviction-buy” rating to a “buy” rating and set a $160.00 target price for the company. in a research report on Monday, September 17th. Finally, Zacks Investment Research upgraded Visa from a “hold” rating to a “buy” rating and set a $168.00 target price for the company in a research report on Tuesday, September 25th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. Visa has a consensus rating of “Buy” and an average target price of $156.09.

In other news, EVP William M. Sheedy sold 13,864 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The stock was sold at an average price of $144.97, for a total value of $2,009,864.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP William M. Sheedy sold 3,643 shares of the firm’s stock in a transaction that occurred on Tuesday, November 20th. The shares were sold at an average price of $133.07, for a total value of $484,774.01. Following the completion of the sale, the executive vice president now directly owns 241,983 shares of the company’s stock, valued at $32,200,677.81. The disclosure for this sale can be found here. Insiders have sold a total of 119,395 shares of company stock valued at $16,697,489 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

NYSE V opened at $137.11 on Friday. The company has a market cap of $279.64 billion, a price-to-earnings ratio of 29.74, a PEG ratio of 1.51 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.61 and a quick ratio of 1.61. Visa Inc has a 1-year low of $111.02 and a 1-year high of $151.56.

Visa (NYSE:V) last released its quarterly earnings results on Wednesday, October 24th. The credit-card processor reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. The business had revenue of $5.43 billion during the quarter, compared to analysts’ expectations of $5.44 billion. Visa had a return on equity of 38.00% and a net margin of 49.98%. As a group, research analysts forecast that Visa Inc will post 5.33 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 4th. Shareholders of record on Friday, November 16th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, November 15th. This is a boost from Visa’s previous quarterly dividend of $0.21. Visa’s dividend payout ratio (DPR) is currently 21.69%.

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Visa Profile

Visa Inc operates as a payments technology company worldwide. The company facilitates commerce through the transfer of value and information among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a processing network that enables authorization, clearing, and settlement of payment transactions; and offers fraud protection for account holders and assured payment for merchants.

Further Reading: Balance Sheet

Institutional Ownership by Quarter for Visa (NYSE:V)

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