DRW Securities LLC Has $7.01 Million Stock Position in Visa Inc. (NYSE:V)

DRW Securities LLC raised its stake in shares of Visa Inc. (NYSE:V - Free Report) by 142.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,172 shares of the credit-card processor's stock after acquiring an additional 13,029 shares during the quarter. DRW Securities LLC's holdings in Visa were worth $7,007,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Riverstone Advisors LLC acquired a new stake in shares of Visa during the 4th quarter valued at approximately $217,000. Journey Strategic Wealth LLC raised its holdings in shares of Visa by 16.4% during the fourth quarter. Journey Strategic Wealth LLC now owns 9,678 shares of the credit-card processor's stock worth $3,058,000 after purchasing an additional 1,361 shares during the period. King Wealth Management Group raised its holdings in shares of Visa by 9.0% during the fourth quarter. King Wealth Management Group now owns 74,874 shares of the credit-card processor's stock worth $23,663,000 after purchasing an additional 6,172 shares during the period. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Visa in the 4th quarter worth about $10,163,000. Finally, Copley Financial Group Inc. acquired a new position in shares of Visa in the 3rd quarter valued at about $616,000. 82.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

V has been the topic of a number of recent research reports. Seaport Res Ptn raised shares of Visa from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Wells Fargo & Company raised their price target on Visa from $360.00 to $395.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price objective on Visa from $340.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. UBS Group boosted their price target on shares of Visa from $350.00 to $400.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Susquehanna restated a "positive" rating on shares of Visa in a research report on Friday, March 21st. Seven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Visa has an average rating of "Moderate Buy" and an average target price of $355.84.

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Visa Price Performance

NYSE:V traded up $9.08 during trading hours on Friday, reaching $333.69. 6,802,196 shares of the company's stock were exchanged, compared to its average volume of 7,274,529. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $619.91 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.33 and a beta of 0.94. Visa Inc. has a 12 month low of $252.70 and a 12 month high of $366.54. The business's 50-day simple moving average is $342.40 and its two-hundred day simple moving average is $319.09.

Visa (NYSE:V - Get Free Report) last released its quarterly earnings data 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 expect that Visa Inc. will post 11.3 EPS for the current fiscal year.

Visa Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Tuesday, February 11th were issued a dividend of $0.59 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $2.36 annualized dividend and a yield of 0.71%. Visa's payout ratio is presently 23.79%.

Insider Buying and Selling at Visa

In other news, insider Paul D. Fabara sold 39,350 shares of Visa stock in a transaction on Friday, March 14th. The stock was sold at an average price of $327.20, for a total transaction of $12,875,320.00. Following the transaction, the insider now owns 26,413 shares in the company, valued at approximately $8,642,333.60. The trade was a 59.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ryan Mcinerney sold 8,620 shares of the stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $363.00, for a total value of $3,129,060.00. Following the completion of the sale, the chief executive officer now directly owns 537 shares of the company's stock, valued at approximately $194,931. This represents a 94.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 143,205 shares of company stock valued at $48,842,490. 0.13% of the stock is currently owned by corporate insiders.

About Visa

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.