Cvfg LLC Invests $538,000 in Visa Inc. (NYSE:V)

Cvfg LLC acquired a new stake in shares of Visa Inc. (NYSE:V - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,704 shares of the credit-card processor's stock, valued at approximately $538,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Custom Index Systems LLC bought a new position in Visa in the 3rd quarter worth approximately $731,000. Copley Financial Group Inc. bought a new position in Visa in the 3rd quarter worth approximately $616,000. FORA Capital LLC bought a new position in Visa in the 3rd quarter worth approximately $7,987,000. Chicago Capital LLC raised its position in shares of Visa by 5.2% during the 3rd quarter. Chicago Capital LLC now owns 404,914 shares of the credit-card processor's stock valued at $111,331,000 after acquiring an additional 20,023 shares during the last quarter. Finally, Nexus Investment Management ULC lifted its holdings in Visa by 5,034.0% during the third quarter. Nexus Investment Management ULC now owns 56,371 shares of the credit-card processor's stock worth $15,499,000 after acquiring an additional 55,273 shares in the last quarter. 82.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on V shares. Barclays upped their price target on shares of Visa from $319.00 to $347.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Royal Bank of Canada upped their price target on shares of Visa from $311.00 to $322.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Piper Sandler upped their price target on shares of Visa from $319.00 to $322.00 and gave the company an "overweight" rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Visa from $320.00 to $330.00 and gave the company a "buy" rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Visa from $335.00 to $360.00 and gave the stock an "outperform" rating in a research report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $331.92.

Visa Stock Performance

Shares of V stock traded up $2.72 on Friday, hitting $319.97. The company's stock had a trading volume of 5,746,152 shares, compared to its average volume of 5,703,089. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 1.28. The stock's 50 day moving average is $313.16 and its 200-day moving average is $288.06. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $321.61. The company has a market capitalization of $596.06 billion, a PE ratio of 32.88, a PEG ratio of 2.06 and a beta of 0.96.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 EPS for the quarter, beating the consensus estimate of $2.58 by $0.13. The business had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.49 billion. Visa had a net margin of 54.96% and a return on equity of 53.16%. Visa's revenue was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.33 earnings per share. Equities research analysts expect that Visa Inc. will post 11.22 earnings per share for the current fiscal year.

Visa Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.59 per share. This represents a $2.36 dividend on an annualized basis and a yield of 0.74%. This is an increase from Visa's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Tuesday, November 12th. Visa's dividend payout ratio is presently 24.25%.

Insiders Place Their Bets

In other news, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul D. Fabara sold 2,171 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $307.97, for a total transaction of $668,602.87. Following the completion of the transaction, the insider now directly owns 17,894 shares of the company's stock, valued at $5,510,815.18. This trade represents a 10.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

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.