Visa Inc. (NYSE:V) Shares Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC lifted its stake in Visa Inc. (NYSE:V - Free Report) by 45.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,449 shares of the credit-card processor's stock after acquiring an additional 6,704 shares during the quarter. Diversify Wealth Management LLC's holdings in Visa were worth $6,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in V. State Street Corp boosted its holdings in shares of Visa by 4.5% in the third quarter. State Street Corp now owns 76,610,942 shares of the credit-card processor's stock worth $21,064,179,000 after buying an additional 3,327,977 shares during the last quarter. FMR LLC boosted its holdings in shares of Visa by 6.1% in the third quarter. FMR LLC now owns 57,111,843 shares of the credit-card processor's stock worth $15,702,901,000 after buying an additional 3,265,518 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Visa by 7.7% in the third quarter. Geode Capital Management LLC now owns 38,655,250 shares of the credit-card processor's stock worth $10,601,135,000 after buying an additional 2,772,549 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Visa by 2.4% in the second quarter. Ameriprise Financial Inc. now owns 14,610,590 shares of the credit-card processor's stock worth $3,833,981,000 after buying an additional 345,829 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Visa by 2.2% during the second quarter. Legal & General Group Plc now owns 14,416,394 shares of the credit-card processor's stock valued at $3,783,857,000 after purchasing an additional 312,286 shares in the last quarter. 82.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Monness Crespi & Hardt reaffirmed a "neutral" rating on shares of Visa in a report on Tuesday, September 24th. Keefe, Bruyette & Woods lifted their price target on shares of Visa from $335.00 to $360.00 and gave the company an "outperform" rating in a report on Monday, December 9th. Royal Bank of Canada boosted their target price on shares of Visa from $311.00 to $322.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Oppenheimer boosted their target price on shares of Visa from $321.00 to $375.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Finally, Mizuho boosted their target price on shares of Visa from $279.00 to $292.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Four investment analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $332.81.

Visa Trading Down 0.2 %

Shares of NYSE:V traded down $0.81 during midday trading on Wednesday, reaching $322.82. 2,401,058 shares of the company's stock were exchanged, compared to its average volume of 5,484,071. The firm's 50 day simple moving average is $313.86 and its two-hundred day simple moving average is $289.47. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $601.38 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 2.15 and a beta of 0.96. Visa Inc. has a fifty-two week low of $252.70 and a fifty-two week high of $325.74.

Visa (NYSE:V - Get Free Report) last released its earnings results on Tuesday, October 29th. The credit-card processor reported $2.71 earnings per share for the quarter, beating the consensus estimate of $2.58 by $0.13. The company had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.49 billion. Visa had a return on equity of 53.16% and a net margin of 54.96%. Visa's revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.33 EPS. As a group, sell-side analysts forecast that Visa Inc. will post 11.2 EPS for the current fiscal year.

Visa Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Tuesday, November 12th were paid a $0.59 dividend. This represents a $2.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend was Tuesday, November 12th. This is a boost from Visa's previous quarterly dividend of $0.52. Visa's dividend payout ratio (DPR) is presently 24.25%.

Insider Activity

In other news, insider Paul D. Fabara sold 2,171 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $307.97, for a total value of $668,602.87. Following the transaction, the insider now owns 17,894 shares of the company's stock, valued at approximately $5,510,815.18. The trade was a 10.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ryan Mcinerney sold 8,620 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $317.78, for a total value of $2,739,263.60. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Visa 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.