Rational Advisors LLC acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,981 shares of the credit-card processor's stock, valued at approximately $942,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Elevation Wealth Partners LLC raised its position in shares of Visa by 3.3% in the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC boosted its stake in Visa by 1.0% during the 4th quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after acquiring an additional 30 shares during the last quarter. Valmark Advisers Inc. grew its holdings in Visa by 0.4% during the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after acquiring an additional 30 shares in the last quarter. Crescent Grove Advisors LLC increased its position in shares of Visa by 2.2% in the 4th quarter. Crescent Grove Advisors LLC now owns 1,437 shares of the credit-card processor's stock worth $454,000 after purchasing an additional 31 shares during the last quarter. Finally, Vicus Capital raised its stake in shares of Visa by 3.1% in the 4th quarter. Vicus Capital now owns 1,032 shares of the credit-card processor's stock valued at $326,000 after purchasing an additional 31 shares in the last quarter. 82.15% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $349.62, for a total transaction of $815,313.84. Following the sale, the chief accounting officer now owns 4,488 shares in the company, valued at $1,569,094.56. The trade was a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of Visa 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 transaction, the insider now owns 36,566 shares in the company, valued at approximately $12,789,689.82. The trade was a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,885 shares of company stock worth $19,161,447. Corporate insiders own 0.13% of the company's stock.
Visa Price Performance
Shares of NYSE V traded down $2.22 during mid-day trading on Friday, reaching $348.27. 6,910,504 shares of the company traded hands, compared to its average volume of 5,472,298. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $357.15. The firm has a market cap of $647.01 billion, a PE ratio of 35.11, a price-to-earnings-growth ratio of 2.33 and a beta of 0.97. The stock has a fifty day simple moving average of $329.14 and a 200-day simple moving average of $302.03. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.12 and a quick ratio of 1.12.
Visa (NYSE:V - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.
Visa Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, February 11th. Visa's payout ratio is 23.79%.
Wall Street Analyst Weigh In
V has been the subject of several research analyst reports. Oppenheimer boosted their price objective on Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price objective (up previously from $368.00) on shares of Visa in a report on Friday, January 31st. Macquarie increased their target price on shares of Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. The Goldman Sachs Group raised their price target on shares of Visa from $346.00 to $384.00 and gave the stock a "buy" rating in a research report on Friday, January 31st. Finally, Raymond James reaffirmed an "outperform" rating and set a $393.00 price objective (up previously from $374.00) on shares of Visa in a research report on Friday, January 31st. Four research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $355.31.
Get Our Latest Stock Analysis on V
About Visa
(
Free Report)
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.
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