Mirabella Financial Services LLP Takes $13.98 Million Position in Visa Inc. (NYSE:V)

Mirabella Financial Services LLP acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 44,222 shares of the credit-card processor's stock, valued at approximately $13,979,000. Visa accounts for 1.2% of Mirabella Financial Services LLP's investment portfolio, making the stock its 16th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riverstone Advisors LLC bought a new position in Visa during the 4th quarter worth $217,000. Journey Strategic Wealth LLC increased its position in Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after acquiring an additional 1,361 shares during the period. King Wealth Management Group raised its stake in Visa by 9.0% in the 4th quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Visa in the 4th quarter valued at about $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in shares of Visa during the 3rd quarter worth approximately $616,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $2,930,800.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $327.20, for a total value of $12,875,320.00. Following the sale, the insider now owns 26,413 shares of the company's stock, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

V has been the subject of a number of analyst reports. Citigroup reiterated a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. Raymond James reaffirmed an "outperform" rating and issued a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Barclays increased their target price on Visa from $361.00 to $396.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Visa from a "buy" rating to a "hold" rating in a research note on Wednesday, April 16th. Seven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $355.84.

Visa Trading Up 0.4 %

Shares of Visa stock traded up $1.26 on Thursday, hitting $335.63. The stock had a trading volume of 2,319,324 shares, compared to its average volume of 6,828,186. The stock has a 50 day moving average of $339.19 and a 200 day moving average of $321.50. The firm has a market capitalization of $623.53 billion, a P/E ratio of 33.83, a PEG ratio of 2.33 and a beta of 0.94. Visa Inc. has a twelve month low of $252.70 and a twelve month high of $366.54. 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 (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, beating the consensus estimate of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. Sell-side analysts expect that Visa Inc. will post 11.3 earnings per share for the current fiscal year.

Visa Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is currently 23.79%.

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.