BKM Wealth Management LLC Buys New Position in Visa Inc. (NYSE:V)

BKM Wealth Management LLC purchased a new position in shares of Visa Inc. (NYSE:V - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 918 shares of the credit-card processor's stock, valued at approximately $290,000.

Other institutional investors also recently bought and sold shares of the company. Peterson Financial Group Inc. purchased a new stake in Visa in the third quarter valued at approximately $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at about $26,000. Reston Wealth Management LLC purchased a new position in Visa during the 3rd quarter worth $31,000. POM Investment Strategies LLC increased its position in Visa by 48.5% in the 4th quarter. POM Investment Strategies LLC now owns 98 shares of the credit-card processor's stock valued at $31,000 after acquiring an additional 32 shares during the period. Finally, Modus Advisors LLC purchased a new stake in shares of Visa during the fourth quarter worth approximately $32,000. 82.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Barclays lifted their price target on Visa from $361.00 to $396.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods increased their target price on shares of Visa from $360.00 to $400.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price on Visa from $340.00 to $375.00 and gave the company an "overweight" rating in a report on Friday, January 31st. UBS Group upped their target price on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Finally, Macquarie increased their price target on Visa from $300.00 to $335.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Four research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $355.31.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tullier Kelly Mahon sold 33,741 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.77, for a total value of $11,801,589.57. Following the completion of the transaction, the insider now owns 36,566 shares in the company, valued at $12,789,689.82. This represents a 47.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,885 shares of company stock worth $19,161,447 over the last three months. 0.13% of the stock is currently owned by corporate insiders.

Visa Trading Down 0.6 %

NYSE V traded down $2.22 on Friday, hitting $348.27. 6,910,504 shares of the stock were exchanged, compared to its average volume of 5,753,988. The company has a market capitalization of $647.01 billion, a price-to-earnings ratio of 35.11, a P/E/G ratio of 2.36 and a beta of 0.97. The company's 50-day moving average price is $328.47 and its two-hundred day moving average price is $301.39. 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 Inc. has a 52-week low of $252.70 and a 52-week high of $357.15.

Visa (NYSE:V - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share 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%. Research analysts predict that Visa Inc. will post 11.3 EPS for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.59 per share. 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%.

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.