CreativeOne Wealth LLC grew its position in shares of Visa Inc. (NYSE:V - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,208 shares of the credit-card processor's stock after buying an additional 1,629 shares during the quarter. CreativeOne Wealth LLC's holdings in Visa were worth $6,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in V. Hirtle Callaghan & Co LLC increased its position in shares of Visa by 1.3% during the 4th 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 boosted its position in shares of Visa by 3.3% during the fourth quarter. Elevation Wealth Partners LLC now owns 939 shares of the credit-card processor's stock valued at $297,000 after purchasing an additional 30 shares in the last quarter. Warther Private Wealth LLC increased its stake in shares of Visa by 1.0% during the fourth quarter. Warther Private Wealth LLC now owns 2,935 shares of the credit-card processor's stock valued at $928,000 after purchasing an additional 30 shares in the last quarter. Valmark Advisers Inc. raised its position in shares of Visa by 0.4% in the 4th quarter. Valmark Advisers Inc. now owns 7,251 shares of the credit-card processor's stock worth $2,292,000 after purchasing an additional 30 shares during the last quarter. Finally, Strategic Family Wealth Counselors L.L.C. lifted its holdings in shares of Visa by 0.4% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 7,283 shares of the credit-card processor's stock valued at $2,302,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 82.15% of the company's stock.
Visa Stock Performance
Visa stock traded up $0.70 during midday trading on Tuesday, hitting $335.88. 4,383,107 shares of the company were exchanged, compared to its average volume of 7,242,078. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $366.54. The firm has a market capitalization of $623.98 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. The business has a fifty day simple moving average of $342.12 and a two-hundred day simple moving average of $319.51. 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 announced its quarterly earnings results on Thursday, January 30th. The credit-card processor reported $2.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.66 by $0.09. Visa had a net margin of 54.27% and a return on equity of 54.79%. On average, sell-side analysts forecast 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 was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were given a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Tuesday, February 11th. Visa's dividend payout ratio is presently 23.79%.
Wall Street Analyst Weigh In
V has been the topic of several analyst reports. Evercore ISI began coverage on shares of Visa in a research note on Wednesday, April 9th. They set an "in-line" rating and a $330.00 price target on the stock. Keefe, Bruyette & Woods restated a "hold" rating on shares of Visa in a report on Thursday, February 13th. Oppenheimer reiterated an "outperform" rating on shares of Visa in a report on Thursday, February 13th. Piper Sandler reaffirmed an "overweight" rating and issued a $383.00 price objective (up from $368.00) on shares of Visa in a research note on Friday, January 31st. Finally, Seaport Res Ptn raised Visa from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Seven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Visa has a consensus rating of "Moderate Buy" and an average price target of $355.84.
Read Our Latest Research Report on Visa
Insider Activity at Visa
In related news, insider Tullier Kelly Mahon sold 33,741 shares of the stock in a transaction that occurred 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 sale, the insider now owns 36,566 shares of the company's stock, valued at approximately $12,789,689.82. This trade represents a 47.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $340.00, for a total value of $2,930,800.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is owned by corporate 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.
Featured Articles
Before you consider Visa, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Visa wasn't on the list.
While Visa currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
