Bernard Wealth Management Corp. acquired a new position in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,983 shares of the credit-card processor's stock, valued at approximately $3,155,000. Visa comprises approximately 2.3% of Bernard Wealth Management Corp.'s portfolio, making the stock its 11th largest holding.
Several other large investors have also recently bought and sold shares of the company. Hirtle Callaghan & Co LLC increased its stake in Visa by 1.3% in the fourth quarter. Hirtle Callaghan & Co LLC now owns 2,291 shares of the credit-card processor's stock valued at $724,000 after purchasing an additional 29 shares during the last quarter. Elevation Wealth Partners LLC increased its stake in shares of Visa by 3.3% during the 4th quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after acquiring an additional 30 shares during the last quarter. Warther Private Wealth LLC increased its stake in shares of 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. lifted its holdings in shares of 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 during the period. Finally, Strategic Family Wealth Counselors L.L.C. boosted its position in shares of Visa by 0.4% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock worth $2,302,000 after acquiring an additional 30 shares during the last quarter. 82.15% of the stock is currently owned by institutional investors.
Visa Stock Up 2.8 %
Shares of Visa stock traded up $9.08 on Friday, hitting $333.69. 6,802,196 shares of the company traded hands, compared to its average volume of 7,281,557. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. Visa Inc. has a 12-month low of $252.70 and a 12-month high of $366.54. The company has a 50-day moving average price of $342.40 and a 200 day moving average price of $318.76. The company has a market cap of $619.91 billion, a PE ratio of 33.64, a PEG ratio of 2.33 and a beta of 0.94.
Visa (NYSE:V - Get Free Report) last issued its earnings results 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%. Sell-side analysts predict that Visa Inc. will post 11.3 earnings per share for the current year.
Visa Announces Dividend
The firm also recently disclosed 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 0.71%. The ex-dividend date was Tuesday, February 11th. Visa's payout ratio is presently 23.79%.
Analysts Set New Price Targets
V has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of Visa from $326.00 to $371.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Citigroup reaffirmed a "neutral" rating on shares of Visa in a research report on Thursday, February 13th. StockNews.com downgraded Visa from a "buy" rating to a "hold" rating in a research report on Monday, April 7th. Piper Sandler restated an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a report on Friday, January 31st. Finally, Keefe, Bruyette & Woods reiterated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Seven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $355.84.
Check Out Our Latest Report on V
Insider Buying and Selling at Visa
In other Visa news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $350.44, for a total transaction of $3,020,792.80. Following the transaction, the chief executive officer now owns 537 shares in the company, valued at $188,186.28. This trade represents a 94.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Paul D. Fabara sold 39,350 shares of the business's stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $340.41, for a total transaction of $13,395,133.50. Following the completion of the sale, the insider now owns 26,413 shares of the company's stock, valued at $8,991,249.33. The trade was a 59.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 143,205 shares of company stock worth $48,842,490 over the last ninety days. 0.13% of the stock is currently owned by insiders.
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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