Coldstream Capital Management Inc. Buys 2,396 Shares of Visa Inc. (NYSE:V)

Coldstream Capital Management Inc. grew its stake in shares of Visa Inc. (NYSE:V - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 58,858 shares of the credit-card processor's stock after buying an additional 2,396 shares during the period. Coldstream Capital Management Inc.'s holdings in Visa were worth $18,601,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in V. Capital Analysts LLC lifted its position in Visa by 2.5% in the fourth quarter. Capital Analysts LLC now owns 48,741 shares of the credit-card processor's stock worth $15,404,000 after purchasing an additional 1,197 shares during the period. UP Strategic Wealth Investment Advisors LLC lifted its holdings in shares of Visa by 21.0% during the 4th quarter. UP Strategic Wealth Investment Advisors LLC now owns 2,560 shares of the credit-card processor's stock worth $809,000 after acquiring an additional 445 shares during the period. Three Seasons Wealth LLC acquired a new stake in shares of Visa during the 4th quarter valued at about $2,831,000. Cheviot Value Management LLC increased its stake in Visa by 3.8% in the fourth quarter. Cheviot Value Management LLC now owns 65,886 shares of the credit-card processor's stock valued at $20,823,000 after acquiring an additional 2,406 shares during the period. Finally, Lord Abbett & CO. LLC raised its position in Visa by 35.7% in the fourth quarter. Lord Abbett & CO. LLC now owns 9,487 shares of the credit-card processor's stock worth $2,998,000 after purchasing an additional 2,496 shares in the last quarter. Institutional investors own 82.15% of the company's stock.

Visa Trading Down 0.1 %

NYSE:V traded down $0.21 during trading hours on Friday, hitting $335.50. The stock had a trading volume of 4,451,694 shares, compared to its average volume of 7,211,210. The business's 50 day moving average is $338.42 and its 200-day moving average is $322.98. The company has a market cap of $623.28 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.33 and a beta of 0.94. Visa Inc. has a one year low of $252.70 and a one year 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 issued its quarterly earnings data on Thursday, January 30th. The credit-card processor reported $2.75 EPS 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 anticipate that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio (DPR) is presently 23.79%.

Insider Activity at Visa

In other news, General Counsel Julie B. Rottenberg sold 2,572 shares of the firm's 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 completion of the transaction, the general counsel now directly owns 11,925 shares of the company's stock, valued at $4,054,500. This trade represents a 17.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Peter M. Andreski sold 2,332 shares of the business's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $349.62, for a total transaction of $815,313.84. Following the completion of the sale, the chief accounting officer now directly owns 4,488 shares in the company, valued at approximately $1,569,094.56. This represents a 34.19 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 143,205 shares of company stock worth $48,842,490. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup reaffirmed a "neutral" rating on shares of Visa in a report on Thursday, February 13th. UBS Group boosted their price target on Visa from $350.00 to $400.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Piper Sandler reiterated an "overweight" rating and issued a $383.00 price target (up from $368.00) on shares of Visa in a research report on Friday, January 31st. Raymond James reissued an "outperform" rating and set a $393.00 price objective (up from $374.00) on shares of Visa in a report on Friday, January 31st. Finally, William Blair reaffirmed an "outperform" rating on shares of Visa in a report on Friday, January 31st. Seven investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $358.17.

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.