816 Shares in Visa Inc. (NYSE:V) Purchased by Swan Global Investments LLC

Swan Global Investments LLC purchased a new position in Visa Inc. (NYSE:V - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 816 shares of the credit-card processor's stock, valued at approximately $258,000.

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

Visa Trading Up 1.0 %

Shares of NYSE:V traded up $3.42 during trading on Thursday, reaching $347.60. The stock had a trading volume of 507,577 shares, compared to its average volume of 6,475,951. Visa Inc. has a 52 week low of $252.70 and a 52 week 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. The firm's fifty day moving average is $342.50 and its 200 day moving average is $314.42. The stock has a market cap of $645.77 billion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.33 and a beta of 0.95.

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Visa (NYSE:V - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. As a group, equities analysts forecast 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 was paid on Monday, March 3rd. Investors of record on Tuesday, February 11th were given a $0.59 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.68%. Visa's payout ratio is 23.79%.

Analyst Ratings Changes

A number of research firms have recently issued reports on V. Wells Fargo & Company lifted their price objective on shares of Visa from $360.00 to $395.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Susquehanna reaffirmed a "positive" rating on shares of Visa in a research report on Friday, March 21st. Bank of America lifted their price objective on shares of Visa from $331.00 to $363.00 and gave the stock a "neutral" rating in a research report on Friday, January 31st. UBS Group raised their target price on shares of Visa from $350.00 to $400.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Six equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Visa currently has a consensus rating of "Moderate Buy" and a consensus target price of $353.96.

Insider Buying and Selling at Visa

In other news, CAO Peter M. Andreski sold 2,332 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total value of $815,313.84. Following the completion of the transaction, the chief accounting officer now directly owns 4,488 shares of the company's stock, valued at $1,569,094.56. This trade represents a 34.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock worth $48,560,961. Corporate insiders own 0.13% of the company's stock.

Visa 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.