Visa Inc. (NYSE:V) Stock Position Raised by Allworth Financial LP

Allworth Financial LP boosted its position in Visa Inc. (NYSE:V - Free Report) by 79.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,587 shares of the credit-card processor's stock after buying an additional 50,614 shares during the quarter. Allworth Financial LP's holdings in Visa were worth $37,076,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in V. Decker Retirement Planning Inc. acquired a new stake in shares of Visa in the 4th quarter valued at about $26,000. Peterson Financial Group Inc. acquired a new stake in shares of Visa in the 3rd quarter valued at about $26,000. POM Investment Strategies LLC raised its stake in shares of 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 purchasing an additional 32 shares in the last quarter. Modus Advisors LLC acquired a new stake in shares of Visa in the 4th quarter valued at about $32,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Visa in the 3rd quarter valued at about $31,000. Institutional investors and hedge funds own 82.15% of the company's stock.

Insider Activity

In other news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred on Friday, February 7th. The shares were 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 directly owns 36,566 shares in the company, valued at $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Julie B. Rottenberg sold 2,572 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $340.00, for a total transaction of $874,480.00. Following the sale, the general counsel now directly owns 11,925 shares of the company's stock, valued at approximately $4,054,500. This represents a 17.74 % 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. Corporate insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on V shares. The Goldman Sachs Group upped their target price on shares of Visa from $346.00 to $384.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Jefferies Financial Group upped their target price on shares of Visa from $320.00 to $330.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of Visa from $326.00 to $371.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. TD Cowen upped their target price on shares of Visa from $318.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 30th. Finally, Oppenheimer boosted their price objective on shares of Visa from $375.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Four 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $355.31.

Visa Stock Performance

NYSE V traded down $2.22 on Friday, hitting $348.27. The stock had a trading volume of 6,910,504 shares, compared to its average volume of 5,753,988. The company's 50-day moving average is $328.47 and its two-hundred day moving average is $301.39. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The stock has a market cap 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. Visa Inc. has a one year low of $252.70 and a one year high of $357.15.

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 (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%. On average, analysts expect that Visa Inc. will post 11.3 earnings per share for the current year.

Visa Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th will be issued a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

About Visa

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.